Looking to diversify beyond PHTNX? The mutual funds below have the lowest correlation with PHTNX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PHTNX.
Best Diversifiers for PHTNX
1 mutual funds have low correlation with PHTNX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Tax-Exempt Bond Fund (PTEAX) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.23 | 0.24 | 0.20 | 59 | Municipal Bonds | PHTNX vs PTEAX | |
| Principal Equity Income Fund | 0.77 | 0.82 | 0.87 | 61 | Large Cap Value Equities | PHTNX vs PQIAX | |
| Dimensional Retirement Income Fund | 0.78 | 0.84 | 0.80 | 83 | Target Retirement Date | PHTNX vs TDIFX | |
| Principal SmallCap S&P 600 Index Fund | 0.79 | 0.82 | 0.84 | 56 | Small Cap Blend Equities | PHTNX vs PSSMX | |
| Prudential Day One Income Fund | 0.84 | 0.88 | 0.89 | 85 | Target Retirement Date | PHTNX vs PDAHX |
See all 71 diversifiers for PHTNX
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