Looking to diversify beyond PLZTX? The mutual funds below have historically moved differently from PLZTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PLZTX
0 mutual funds have low correlation with PLZTX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Diversified Select Real Asset Fund (PDSYX) (Global Allocation) with a 1Y correlation of 0.46, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 0.46 | 0.65 | 0.73 | 97 | Global Allocation | PLZTX vs PDSYX | |
| Dimensional Retirement Income Fund | 0.84 | 0.85 | 0.81 | 82 | Target Retirement Date | PLZTX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.87 | 0.89 | 0.89 | 70 | Target Retirement Date | PLZTX vs ISOLX | |
| Prudential Day One Income Fund | 0.88 | 0.88 | 0.89 | 85 | Target Retirement Date | PLZTX vs PDAHX | |
| Voya Target Retirement 2050 Fund | 0.89 | 0.93 | 0.94 | 74 | Target Retirement Date | PLZTX vs IRSQX |
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