Looking to diversify beyond PHTMX? The mutual funds below have historically moved differently from PHTMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PHTMX
0 mutual funds have low correlation with PHTMX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Small-MidCap Dividend Income Fund (PMDIX) (Mid Cap Value Equities) with a 1Y correlation of 0.67, down from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Small-MidCap Dividend Income Fund | 0.67 | 0.74 | 0.78 | 64 | Mid Cap Value Equities | PHTMX vs PMDIX | |
| Principal Equity Income Fund | 0.71 | 0.76 | 0.81 | 84 | Dividend, Large Cap Value Equities | PHTMX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.73 | 0.76 | 0.78 | 82 | Small Cap Blend Equities | PHTMX vs PSSMX | |
| Voya Target Retirement 2050 Fund | 0.77 | 0.85 | 0.87 | 74 | Target Retirement Date | PHTMX vs IRSQX | |
| Mutual of America 2040 Retirement Fund | 0.78 | 0.82 | 0.77 | 71 | Target Retirement Date | PHTMX vs MURLX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PHTMX
Add PHTMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHTMX