Looking to diversify beyond PTDIX? The mutual funds below have the lowest correlation with PTDIX — 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 PTDIX.
Best Diversifiers for PTDIX
2 mutual funds have low correlation with PTDIX (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 0.20, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.20 | 0.19 | 0.16 | 64 | Municipal Bonds | PTDIX vs PTEAX | |
| Principal California Municipal Fund | 0.30 | 0.22 | 0.17 | 67 | Municipal Bonds | PTDIX vs SRCMX | |
| Principal Capital Securities Fund | 0.49 | 0.42 | 0.40 | 76 | Preferred Stock/Convertible Bonds | PTDIX vs PCSFX | |
| Principal Diversified Real Asset Fund | 0.57 | 0.69 | 0.74 | 56 | Global Allocation | PTDIX vs PDRDX | |
| Principal Spectrum Preferred and Capital Securitie... | 0.57 | 0.49 | 0.48 | 62 | Preferred Stock/Convertible Bonds | PTDIX vs PPSIX |
See all 628 diversifiers for PTDIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PTDIX
Add PTDIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PTDIX