Looking to diversify beyond PMOAX? The mutual funds below have the lowest correlation with PMOAX — 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 PMOAX.
Best Diversifiers for PMOAX
7 mutual funds have low correlation with PMOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal SmallCap S&P 600 Index Fund (PSSMX) (Small Cap Blend Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal SmallCap S&P 600 Index Fund | 0.09 | 0.12 | 0.08 | 56 | Small Cap Blend Equities | PMOAX vs PSSMX | |
| Principal Capital Appreciation Fund | 0.11 | 0.11 | 0.09 | 55 | Large Cap Blend Equities | PMOAX vs CMNWX | |
| Principal LifeTime Hybrid 2060 Fund | 0.15 | 0.16 | 0.13 | 70 | Target Retirement Date | PMOAX vs PLTHX | |
| Principal LifeTime Hybrid 2055 Fund | 0.15 | 0.15 | 0.13 | 69 | Target Retirement Date | PMOAX vs PLTNX | |
| Principal SAM Strategic Growth Portfolio | 0.16 | 0.16 | 0.13 | 58 | Diversified Portfolio | PMOAX vs SACAX |
See all 21 diversifiers for PMOAX
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