Looking to diversify beyond BLRYX? The mutual funds below have historically moved differently from BLRYX, 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 BLRYX
3 mutual funds have low correlation with BLRYX (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 -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | -0.15 | -0.15 | 99 | REIT | BLRYX vs QREARX | |
| Redwood Real Estate Income Fund | -0.03 | -0.01 | -0.01 | 100 | REIT | BLRYX vs CREMX | |
| Center Coast Brookfield Midstream Focus Fund | 0.20 | 0.36 | 0.45 | 70 | Energy Equities | BLRYX vs CCCNX | |
| Fidelity Series Real Estate Income Fund | 0.45 | 0.54 | 0.67 | 87 | REIT | BLRYX vs FSREX | |
| Brookfield Global Listed Infrastructure Fund | 0.67 | 0.72 | 0.76 | 62 | Infrastructure Equities, Energy Equities | BLRYX vs BGLYX |
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