Looking to diversify beyond BREFX? The mutual funds below have the lowest correlation with BREFX — 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 BREFX.
Best Diversifiers for BREFX
2 mutual funds have low correlation with BREFX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.20, 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 | -0.20 | -0.16 | -0.16 | 98 | REIT | BREFX vs QREARX | |
| Redwood Real Estate Income Fund | -0.03 | — | — | 100 | REIT | BREFX vs CREMX | |
| Fidelity Series Real Estate Income Fund | 0.54 | 0.51 | 0.64 | 89 | REIT | BREFX vs FSREX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BREFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BREFX and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.05, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.05 | 0.27 | 0.36 | 60 | Energy | |
| British American Tobacco p.l.c. | 0.04 | 0.20 | 0.24 | 77 | Consumer Defensive | |
| Shell plc | 0.06 | 0.21 | 0.25 | 80 | Energy | |
| Sprott Physical Gold Trust | 0.11 | 0.14 | 0.13 | 70 | Financial Services | |
| CVS Health Corporation | 0.12 | 0.19 | 0.26 | 80 | Healthcare |
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