Looking to diversify beyond BIREX? The mutual funds below have historically moved differently from BIREX, 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 BIREX
12 mutual funds have low correlation with BIREX (below 0.3), 2 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 | -0.20 | — | — | 99 | REIT | BIREX vs QREARX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.11 | -0.07 | -0.03 | 97 | Equity Market Neutral | BIREX vs BDMIX | |
| Redwood Real Estate Income Fund | 0.04 | — | — | 100 | REIT | BIREX vs CREMX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.06 | 0.02 | -0.06 | 66 | Systematic Trend | BIREX vs ASFYX | |
| iShares S&P 500 Index Fund Class K | 0.22 | 0.40 | 0.56 | 63 | S&P 500 | BIREX vs WFSPX |
See all 47 diversifiers for BIREX
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