Looking to diversify beyond PLFMX? The mutual funds below have the lowest correlation with PLFMX — 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 PLFMX.
Best Diversifiers for PLFMX
1 mutual funds have low correlation with PLFMX (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 0.13, 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 | 0.13 | 0.13 | 0.10 | 64 | Municipal Bonds | PLFMX vs PTEAX | |
| Principal Small-MidCap Dividend Income Fund | 0.67 | 0.72 | 0.79 | 51 | Mid Cap Value Equities | PLFMX vs PMDIX | |
| Principal Equity Income Fund | 0.71 | 0.77 | 0.84 | 71 | Large Cap Value Equities | PLFMX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.73 | 0.74 | 0.80 | 66 | Small Cap Blend Equities | PLFMX vs PSSMX | |
| Vanguard Small-Cap Index Fund Admiral Shares | 0.79 | 0.80 | 0.85 | 55 | Small Cap Blend Equities | PLFMX vs VSMAX |
See all 31 diversifiers for PLFMX
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