Looking to diversify beyond PPVIX? The mutual funds below have historically moved differently from PPVIX, 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 PPVIX
1 mutual funds have low correlation with PPVIX (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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.16 | 0.12 | 0.08 | 70 | Municipal Bonds | PPVIX vs PTEAX | |
| Aegis Value Fund Class I | 0.39 | 0.48 | 0.56 | 94 | Small Cap Value Equities | PPVIX vs AVALX | |
| Vanguard Total International Stock Index Fund Inst... | 0.59 | 0.64 | 0.69 | 72 | Foreign Large Cap Equities | PPVIX vs VTSNX | |
| Vanguard Wellington Fund Admiral Shares | 0.59 | 0.65 | 0.72 | 58 | Diversified Portfolio | PPVIX vs VWENX | |
| Principal Global Multi-Strategy Fund | 0.61 | 0.62 | 0.70 | 97 | Multistrategy | PPVIX vs PSMIX |
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