Looking to diversify beyond PHTTX? The mutual funds below have historically moved differently from PHTTX, 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 PHTTX
0 mutual funds have low correlation with PHTTX (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 0.72, roughly unchanged from 0.81 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 | 0.72 | 0.77 | 0.81 | 64 | Mid Cap Value Equities | PHTTX vs PMDIX | |
| Principal Equity Income Fund | 0.74 | 0.79 | 0.83 | 84 | Dividend, Large Cap Value Equities | PHTTX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.78 | 0.79 | 0.81 | 82 | Small Cap Blend Equities | PHTTX vs PSSMX | |
| Dimensional Retirement Income Fund | 0.86 | 0.87 | 0.85 | 81 | Target Retirement Date | PHTTX vs TDIFX | |
| Principal Global Multi-Strategy Fund | 0.87 | 0.82 | 0.81 | 97 | Multistrategy | PHTTX vs PSMIX |
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