Looking to diversify beyond BRIIX? The mutual funds below have the lowest correlation with BRIIX — 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 BRIIX.
Best Diversifiers for BRIIX
3 mutual funds have low correlation with BRIIX (below 0.3), 1 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.23, 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 | -0.23 | -0.16 | -0.16 | 99 | REIT | BRIIX vs QREARX | |
| Redwood Real Estate Income Fund | 0.05 | — | — | 100 | REIT | BRIIX vs CREMX | |
| Baron Global Advantage Fund | 0.24 | 0.39 | 0.50 | 65 | Global Equities | BRIIX vs BGAIX | |
| Baron Partners Fund | 0.34 | 0.44 | 0.51 | 67 | Large Cap Growth Equities | BRIIX vs BPTRX | |
| Fidelity Series Real Estate Income Fund | 0.50 | 0.49 | 0.65 | 89 | REIT | BRIIX vs FSREX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRIIX and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.58, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.58 | 0.59 | 0.66 | 74 | Real Estate |
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