Looking to diversify beyond PHTUX? The mutual funds below have the lowest correlation with PHTUX — 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 PHTUX.
Best Diversifiers for PHTUX
1 mutual funds have low correlation with PHTUX (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 0.18, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.18 | 0.17 | 0.13 | 62 | Municipal Bonds | PHTUX vs PTEAX | |
| Dimensional Retirement Income Fund | 0.73 | 0.76 | 0.73 | 70 | Target Retirement Date | PHTUX vs TDIFX | |
| Principal Small-MidCap Dividend Income Fund | 0.75 | 0.81 | 0.86 | 53 | Mid Cap Value Equities | PHTUX vs PMDIX | |
| Principal Equity Income Fund | 0.77 | 0.83 | 0.89 | 71 | Large Cap Value Equities | PHTUX vs PQIAX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.80 | 0.73 | 0.73 | 70 | Target Retirement Date | PHTUX vs FRQHX |
See all 64 diversifiers for PHTUX
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