Looking to diversify beyond PTEAX? The mutual funds below have historically moved differently from PTEAX, 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 PTEAX
36 mutual funds have low correlation with PTEAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.02 | 0.16 | 0.22 | 91 | Municipal Bonds | PTEAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.18 | 0.23 | 94 | Municipal Bonds | PTEAX vs DMREX | |
| Principal Diversified Real Asset Fund | 0.10 | 0.22 | 0.18 | 87 | Global Allocation | PTEAX vs PDRDX | |
| Principal SmallCap Fund | 0.15 | 0.12 | 0.09 | 58 | Small Cap Blend Equities | PTEAX vs PSBMX | |
| Principal SmallCap Value Fund II | 0.16 | 0.12 | 0.08 | 78 | Small Cap Value Equities | PTEAX vs PPVIX |
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