Looking to diversify beyond BIRDX? The mutual funds below have the lowest correlation with BIRDX — 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 BIRDX.
Best Diversifiers for BIRDX
5 mutual funds have low correlation with BIRDX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.22, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | -0.16 | -0.16 | 98 | REIT | BIRDX vs QREARX | |
| Redwood Real Estate Income Fund | -0.01 | — | — | 100 | REIT | BIRDX vs CREMX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.00 | -0.04 | -0.01 | 95 | Long-Short | BIRDX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.20 | 0.11 | -0.02 | 60 | Systematic Trend | BIRDX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.24 | 0.35 | 0.49 | 70 | Large Cap Growth Equities | BIRDX vs NASDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIRDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIRDX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.00, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.00 | 0.12 | 0.29 | 76 | Technology | |
| W. P. Carey Inc. | 0.66 | 0.67 | 0.70 | 73 | Real Estate |
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