Looking to diversify beyond PIPIX? The mutual funds below have the lowest correlation with PIPIX — 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 PIPIX.
Best Diversifiers for PIPIX
6 mutual funds have low correlation with PIPIX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.12, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.12 | 0.28 | 0.32 | 82 | Inflation-Protected Bonds | PIPIX vs SEIAX | |
| Principal Equity Income Fund | 0.17 | 0.23 | 0.18 | 57 | Large Cap Value Equities | PIPIX vs PQIAX | |
| Principal SAM Strategic Growth Portfolio | 0.21 | 0.24 | 0.19 | 54 | Diversified Portfolio | PIPIX vs SACAX | |
| Principal LifeTime Hybrid 2055 Fund | 0.21 | 0.24 | 0.19 | 64 | Target Retirement Date | PIPIX vs PLTNX | |
| Allspring Real Return Fund | 0.26 | 0.50 | 0.65 | 92 | Inflation-Protected Bonds | PIPIX vs IPBAX |
See all 15 diversifiers for PIPIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PIPIX
Add PIPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PIPIX