Looking to diversify beyond BIRDX? The mutual funds below have historically moved differently from BIRDX, 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 BIRDX
5 mutual funds have low correlation with BIRDX (below 0.3), 4 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.25 | — | — | 99 | REIT | BIRDX vs QREARX | |
| BlackRock Global Equity Market Neutral Fund | -0.08 | -0.06 | -0.03 | 97 | Equity Market Neutral | BIRDX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.07 | -0.05 | -0.02 | 97 | Equity Market Neutral | BIRDX vs BDMIX | |
| Redwood Real Estate Income Fund | -0.00 | — | — | 100 | REIT | BIRDX vs CREMX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.13 | 0.10 | -0.04 | 66 | Systematic Trend | BIRDX vs ASFYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIRDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.00, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.00 | 0.10 | 0.28 | 56 | Technology | |
| W. P. Carey Inc. | 0.66 | 0.67 | 0.70 | 79 | Real Estate |
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