Looking to diversify beyond PLWIX? The mutual funds below have the lowest correlation with PLWIX — 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 PLWIX.
Best Diversifiers for PLWIX
1 mutual funds have low correlation with PLWIX (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 0.28, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.28 | 0.28 | 0.25 | 59 | Municipal Bonds | PLWIX vs PTEAX | |
| Principal SmallCap S&P 600 Index Fund | 0.77 | 0.78 | 0.81 | 56 | Small Cap Blend Equities | PLWIX vs PSSMX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.77 | — | — | 75 | Target Retirement Date | PLWIX vs FAELX | |
| Principal Equity Income Fund | 0.78 | 0.80 | 0.85 | 61 | Large Cap Value Equities | PLWIX vs PQIAX | |
| T. Rowe Price Retirement Income 2020 Fund | 0.80 | 0.90 | 0.93 | 74 | Target Retirement Date | PLWIX vs TRLAX |
See all 591 diversifiers for PLWIX
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