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 0.14, 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 | 0.14 | 0.15 | 0.12 | 59 | Municipal Bonds | PLTHX vs PTEAX | |
| Principal Opportunistic Municipal Fund | 0.15 | 0.16 | 0.13 | 62 | High Yield Muni | PLTHX vs PMOAX | |
| Dimensional Retirement Income Fund | 0.72 | 0.75 | 0.73 | 83 | Target Retirement Date | PLTHX vs TDIFX | |
| Principal Equity Income Fund | 0.77 | 0.83 | 0.89 | 61 | Large Cap Value Equities | PLTHX vs PQIAX | |
| Fidelity Freedom Income Fund Class K | 0.78 | 0.70 | 0.68 | 75 | Target Retirement Date | PLTHX vs FNSHX |
See all 79 diversifiers for PLTHX
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