Looking to diversify beyond PLVIX? The mutual funds below have the lowest correlation with PLVIX — 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 PLVIX.
Best Diversifiers for PLVIX
1 mutual funds have low correlation with PLVIX (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 0.16, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.16 | 0.15 | 0.08 | 64 | Municipal Bonds | PLVIX vs PTEAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.60 | 0.72 | 78 | Large Cap Value Equities | PLVIX vs SVAIX | |
| Fidelity Growth Company Fund | 0.49 | 0.54 | 0.65 | 74 | Large Cap Growth Equities | PLVIX vs FDGRX | |
| Rational Equity Armor Fund | 0.55 | 0.62 | 0.72 | 55 | Large Cap Value Equities | PLVIX vs HDCTX | |
| Hennessy Cornerstone Value Fund | 0.68 | 0.78 | 0.84 | 81 | Large Cap Value Equities | PLVIX vs HFCVX |
See all 36 diversifiers for PLVIX
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