Looking to diversify beyond PLSIX? The mutual funds below have the lowest correlation with PLSIX — 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 PLSIX.
Best Diversifiers for PLSIX
0 mutual funds have low correlation with PLSIX (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 0.31, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.31 | 0.31 | 0.29 | 62 | Municipal Bonds | PLSIX vs PTEAX | |
| Principal Equity Income Fund | 0.76 | 0.77 | 0.80 | 57 | Large Cap Value Equities | PLSIX vs PQIAX | |
| Dimensional Retirement Income Fund | 0.81 | 0.89 | 0.88 | 81 | Target Retirement Date | PLSIX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.82 | 0.84 | 0.86 | 81 | Target Retirement Date | PLSIX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.82 | 0.84 | 0.86 | 83 | Target Retirement Date | PLSIX vs DTDRX |
See all 56 diversifiers for PLSIX
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