Looking to diversify beyond PLHHX? The mutual funds below have the lowest correlation with PLHHX — 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 PLHHX.
Best Diversifiers for PLHHX
1 mutual funds have low correlation with PLHHX (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 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.17 | 0.16 | 0.12 | 64 | Municipal Bonds | PLHHX vs PTEAX | |
| Principal Small-MidCap Dividend Income Fund | 0.75 | 0.81 | 0.86 | 51 | Mid Cap Value Equities | PLHHX vs PMDIX | |
| Dimensional Retirement Income Fund | 0.76 | 0.76 | 0.73 | 77 | Target Retirement Date | PLHHX vs TDIFX | |
| Principal Equity Income Fund | 0.77 | 0.83 | 0.89 | 71 | Large Cap Value Equities | PLHHX vs PQIAX | |
| MFS Lifetime 2025 Fund | 0.80 | 0.81 | 0.86 | 61 | Target Retirement Date | PLHHX vs LTTIX |
See all 62 diversifiers for PLHHX
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