Looking to diversify beyond BREFX? The mutual funds below have historically moved differently from BREFX, 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 BREFX
2 mutual funds have low correlation with BREFX (below 0.3), 1 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 | -0.27 | — | — | 99 | REIT | BREFX vs QREARX | |
| Redwood Real Estate Income Fund | 0.03 | — | — | 100 | REIT | BREFX vs CREMX | |
| JHancock Real Estate Securities Fund | 0.48 | 0.68 | 0.73 | 73 | REIT | BREFX vs JIREX | |
| Cromwell CenterSquare Real Estate Fund | 0.57 | 0.65 | 0.71 | 56 | REIT | BREFX vs MRESX | |
| VY CBRE Real Estate Portfolio | 0.58 | 0.67 | 0.73 | 77 | REIT | BREFX vs IVRSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BREFX, 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 Shell plc (SHEL) (Energy) with a 1Y correlation of -0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shell plc | -0.01 | 0.16 | 0.23 | 80 | Energy | |
| Kinder Morgan, Inc. | 0.01 | 0.25 | 0.35 | 69 | Energy | |
| CVS Health Corporation | 0.07 | 0.18 | 0.25 | 93 | Healthcare | |
| British American Tobacco p.l.c. | 0.12 | 0.20 | 0.25 | 64 | Consumer Defensive | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.17 | — | — | 62 | Technology |
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