Looking to diversify beyond PPLIX? The mutual funds below have the lowest correlation with PPLIX — 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 PPLIX.
Best Diversifiers for PPLIX
1 mutual funds have low correlation with PPLIX (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 0.19, 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 | 0.19 | 0.17 | 0.13 | 64 | Municipal Bonds | PPLIX vs PTEAX | |
| Dimensional 2020 Target Date Retirement Income Fun... | 0.75 | 0.66 | 0.59 | 53 | Target Retirement Date | PPLIX vs DRIRX | |
| Dimensional Retirement Income Fund | 0.77 | 0.77 | 0.73 | 77 | Target Retirement Date | PPLIX vs TDIFX | |
| Principal Small-MidCap Dividend Income Fund | 0.77 | 0.82 | 0.86 | 51 | Mid Cap Value Equities | PPLIX vs PMDIX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.78 | 0.71 | 0.65 | 52 | Target Retirement Date | PPLIX vs DRIQX |
See all 621 diversifiers for PPLIX
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Diversification Analysis
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