Looking to diversify beyond PHTYX? The mutual funds below have the lowest correlation with PHTYX — 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 PHTYX.
Best Diversifiers for PHTYX
1 mutual funds have low correlation with PHTYX (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 0.21, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.22 | 0.18 | 0.14 | 69 | Municipal Bonds | PHTYX vs PTEAX | |
| Principal Equity Income Fund | 0.76 | 0.83 | 0.88 | 71 | Large Cap Value Equities | PHTYX vs PQIAX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.74 | 84 | Target Retirement Date | PHTYX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.74 | 0.74 | 70 | Target Retirement Date | PHTYX vs FRQIX | |
| Fidelity Managed Retirement Income Fund | 0.79 | 0.73 | 0.70 | 82 | Target Retirement Date | PHTYX vs FIRMX |
See all 69 diversifiers for PHTYX
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