Looking to diversify beyond PISMX? The mutual funds below have the lowest correlation with PISMX — 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 PISMX.
Best Diversifiers for PISMX
0 mutual funds have low correlation with PISMX (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 0.62, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Small-MidCap Dividend Income Fund | 0.62 | 0.66 | 0.71 | 53 | Mid Cap Value Equities | PISMX vs PMDIX | |
| Principal Equity Income Fund | 0.63 | 0.66 | 0.74 | 71 | Large Cap Value Equities | PISMX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.63 | 0.66 | 0.70 | 66 | Small Cap Blend Equities | PISMX vs PSSMX | |
| Hood River International Opportunity Fund | 0.71 | 0.74 | — | 96 | Foreign Small & Mid Cap Equities | PISMX vs HRIOX | |
| Hood River International Opportunity Fund Investor... | 0.71 | — | — | 96 | Foreign Small & Mid Cap Equities | PISMX vs HRIIX |
See all 13 diversifiers for PISMX
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