Looking to diversify beyond PPVIX? The mutual funds below have the lowest correlation with PPVIX — 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 PPVIX.
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 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.09 | 0.11 | 0.07 | 56 | Municipal Bonds | PPVIX vs PTEAX | |
| Aegis Value Fund | 0.40 | 0.51 | 0.58 | 94 | Small Cap Value Equities | PPVIX vs AVALX | |
| Vanguard Wellington Fund Admiral Shares | 0.58 | 0.65 | 0.72 | 76 | Diversified Portfolio | PPVIX vs VWENX | |
| Vanguard Total International Stock Index Fund Inst... | 0.59 | 0.65 | 0.70 | 60 | Large Cap Blend Equities, Foreign Large Cap Equities | PPVIX vs VTSNX | |
| Principal Capital Appreciation Fund | 0.60 | 0.68 | 0.74 | 56 | Large Cap Blend Equities | PPVIX vs CMNWX |
See all 35 diversifiers for PPVIX
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