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 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.15 | 0.16 | 0.12 | 56 | Municipal Bonds | PHTUX vs PTEAX | |
| Dimensional Retirement Income Fund | 0.72 | 0.75 | 0.73 | 85 | Target Retirement Date | PHTUX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.78 | 0.70 | 0.68 | 74 | Target Retirement Date | PHTUX vs FNSHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.78 | 0.71 | 0.68 | 76 | Target Retirement Date | PHTUX vs FFGZX | |
| Fidelity Flex Freedom Blend Income Fund | 0.78 | 0.71 | 0.68 | 78 | Target Retirement Date | PHTUX vs FTLSX |
See all 58 diversifiers for PHTUX
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