Looking to diversify beyond PLTHX? The mutual funds below have the lowest correlation with PLTHX — 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 PLTHX.
Best Diversifiers for PLTHX
2 mutual funds have low correlation with PLTHX (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 0.21, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.21 | 0.16 | 0.13 | 69 | Municipal Bonds | PLTHX vs PTEAX | |
| Principal Opportunistic Municipal Fund | 0.23 | 0.17 | 0.14 | 85 | High Yield Muni | PLTHX vs PMOAX | |
| Principal Equity Income Fund | 0.76 | 0.83 | 0.88 | 71 | Large Cap Value Equities | PLTHX vs PQIAX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.73 | 84 | Target Retirement Date | PLTHX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.78 | 0.73 | 0.72 | 70 | Target Retirement Date | PLTHX vs FRQIX |
See all 85 diversifiers for PLTHX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PLTHX
Add PLTHX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PLTHX