Looking to diversify beyond PLJIX? The mutual funds below have the lowest correlation with PLJIX — 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 PLJIX.
Best Diversifiers for PLJIX
1 mutual funds have low correlation with PLJIX (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 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.22 | 0.17 | 0.14 | 68 | Municipal Bonds | PLJIX vs PTEAX | |
| Dimensional Retirement Income Fund | 0.78 | 0.77 | 0.73 | 83 | Target Retirement Date | PLJIX vs TDIFX | |
| Principal Equity Income Fund | 0.79 | 0.85 | 0.89 | 73 | Large Cap Value Equities | PLJIX vs PQIAX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.74 | 0.73 | 70 | Target Retirement Date | PLJIX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.79 | 0.73 | 0.70 | 70 | Target Retirement Date | PLJIX vs FRIMX |
See all 60 diversifiers for PLJIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PLJIX
Add PLJIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PLJIX