Looking to diversify beyond PHTQX? The mutual funds below have the lowest correlation with PHTQX — 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 PHTQX.
Best Diversifiers for PHTQX
1 mutual funds have low correlation with PHTQX (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 0.24, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.24 | 0.25 | 0.22 | 59 | Municipal Bonds | PHTQX vs PTEAX | |
| Principal Equity Income Fund | 0.78 | 0.81 | 0.86 | 61 | Large Cap Value Equities | PHTQX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.78 | 0.80 | 0.83 | 56 | Small Cap Blend Equities | PHTQX vs PSSMX | |
| Dimensional Retirement Income Fund | 0.79 | 0.85 | 0.83 | 83 | Target Retirement Date | PHTQX vs TDIFX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.90 | 0.93 | 83 | Target Retirement Date | PHTQX vs DTDRX |
See all 61 diversifiers for PHTQX
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