Looking to diversify beyond BIREX? The mutual funds below have the lowest correlation with BIREX — 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 BIREX.
Best Diversifiers for BIREX
6 mutual funds have low correlation with BIREX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.18 | — | — | 98 | REIT | BIREX vs QREARX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.03 | -0.06 | -0.02 | 95 | Long-Short | BIREX vs BDMIX | |
| Redwood Real Estate Income Fund | 0.02 | — | — | 100 | REIT | BIREX vs CREMX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.12 | 0.04 | -0.04 | 60 | Systematic Trend | BIREX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.13 | 0.25 | 0.43 | 70 | Large Cap Growth Equities | BIREX vs NASDX |
See all 11 diversifiers for BIREX
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