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Principal SAM Flexible Income Portfolio (SAUPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks to provide a high level of total return (consisting of reinvestment of income with some capital appreciation). The Portfolios operate as funds of funds and invest principally in funds and exchange-traded funds ("ETFs") of Principal Funds, Inc. and Principal Exchange-Traded Funds ("underlying funds"). It generally invests: between 55% and 95% of its assets in fixed-income funds, and less than 40% in any one fixed-income fund; between 5% and 45% of its assets in equity funds, and less than 30% in any one equity fund; less than 20% of its assets in specialty funds, and less than 20% in any one specialty fund.

Looking to diversify beyond SAUPX? The mutual funds below have the lowest correlation with SAUPX — 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 SAUPX.

Best Diversifiers for SAUPX

1 mutual funds have low correlation with SAUPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.40 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.070.160.40
67
Diversified PortfolioSAUPX vs MHELX
PTEAX
Principal Tax-Exempt Bond Fund0.350.400.37
64
Municipal BondsSAUPX vs PTEAX
CONWX
Concorde Wealth Management Fund0.380.510.59
55
Diversified PortfolioSAUPX vs CONWX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.430.580.61
88
Diversified PortfolioSAUPX vs FIQDX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.430.580.61
82
Diversified PortfolioSAUPX vs FCSRX
See all 31 diversifiers for SAUPX

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