Looking to diversify beyond PLSAX? The mutual funds below have the lowest correlation with PLSAX — 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 PLSAX.
Best Diversifiers for PLSAX
0 mutual funds have low correlation with PLSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Diversified Select Real Asset Fund (PDSYX) (Global Allocation) with a 1Y correlation of 0.40, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 0.40 | 0.52 | 0.64 | 93 | Global Allocation | PLSAX vs PDSYX | |
| WisdomTree Equity Premium Income Fund | 0.83 | 0.86 | 0.83 | 58 | Derivative Income, S&P 500 | PLSAX vs PUTW | |
| Principal LifeTime Hybrid 2030 Fund R-6 | 0.92 | 0.92 | 0.94 | 71 | Target Retirement Date | PLSAX vs PLZTX | |
| Principal LifeTime Hybrid 2030 Fund | 0.92 | 0.92 | 0.94 | 71 | Target Retirement Date | PLSAX vs PHTNX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.98 | 0.97 | 0.98 | 74 | S&P 500 | PLSAX vs SPINX |
See all 31 diversifiers for PLSAX
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