Hi!
Just wondering where this statement of yours comes from:
Wouldn't a higher proportion of variance imply less correlation?
I am not very familiar with PCA, but since it has some things in common with other scaling tecniques (e.g., multidimensional scaling, correspondence analysis, and the like) I think that I know something on how it works in general. So, I think you are confounding data variability (variance) with correlation between factors, or even correlation between factors and variables.....
In my opinion.
Regards
Gm