Looking to diversify beyond PLTQX? The mutual funds below have the lowest correlation with PLTQX — 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 PLTQX.
Best Diversifiers for PLTQX
1 mutual funds have low correlation with PLTQX (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 0.20, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.20 | 0.19 | 0.15 | 62 | Municipal Bonds | PLTQX vs PTEAX | |
| Principal Equity Income Fund | 0.78 | 0.83 | 0.89 | 67 | Large Cap Value Equities | PLTQX vs PQIAX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.76 | 64 | Target Retirement Date | PLTQX vs TDIFX | |
| Principal SmallCap S&P 600 Index Fund | 0.81 | 0.83 | 0.86 | 64 | Small Cap Blend Equities | PLTQX vs PSSMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.76 | 0.73 | 64 | Target Retirement Date | PLTQX vs FRIMX |
See all 57 diversifiers for PLTQX
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