Looking to diversify beyond PLFIX? The mutual funds below have the lowest correlation with PLFIX — 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 PLFIX.
Best Diversifiers for PLFIX
1 mutual funds have low correlation with PLFIX (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 0.11, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.11 | 0.12 | 0.10 | 59 | Municipal Bonds | PLFIX vs PTEAX | |
| Principal Equity Income Fund | 0.72 | 0.76 | 0.84 | 61 | Large Cap Value Equities | PLFIX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.74 | 0.74 | 0.79 | 56 | Small Cap Blend Equities | PLFIX vs PSSMX | |
| WisdomTree Equity Premium Income Fund | 0.83 | 0.86 | 0.83 | 55 | Derivative Income, S&P 500 | PLFIX vs PUTW | |
| Principal Global Multi-Strategy Fund | 0.83 | 0.82 | 0.85 | 97 | Multistrategy | PLFIX vs PSMIX |
See all 35 diversifiers for PLFIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PLFIX
Add PLFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PLFIX