Looking to diversify beyond PLTZX? The mutual funds below have the lowest correlation with PLTZX — 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 PLTZX.
Best Diversifiers for PLTZX
1 mutual funds have low correlation with PLTZX (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 0.15, 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 | 0.15 | 0.15 | 0.13 | 56 | Municipal Bonds | PLTZX vs PTEAX | |
| Dimensional 2020 Target Date Retirement Income Fun... | 0.69 | 0.65 | 0.58 | 56 | Target Retirement Date | PLTZX vs DRIRX | |
| Dimensional Retirement Income Fund | 0.73 | 0.76 | 0.73 | 85 | Target Retirement Date | PLTZX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.74 | 0.70 | 0.64 | 61 | Target Retirement Date | PLTZX vs DRIQX | |
| Fidelity Freedom Blend Income Fund Class K6 | 0.77 | 0.72 | 0.68 | 75 | Target Retirement Date | PLTZX vs FHRDX |
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