Looking to diversify beyond CNREX? The mutual funds below have historically moved differently from CNREX, 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 CNREX
2 mutual funds have low correlation with CNREX (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 | -0.26 | — | — | 99 | REIT | CNREX vs QREARX | |
| Redwood Real Estate Income Fund | 0.04 | — | — | 100 | REIT | CNREX vs CREMX | |
| Commonwealth Japan Fund | 0.41 | 0.44 | 0.50 | 63 | Japan Equities, Asia Pacific Equities | CNREX vs CNJFX | |
| Fidelity Series Real Estate Income Fund | 0.56 | 0.52 | 0.66 | 87 | REIT | CNREX vs FSREX | |
| VY CBRE Real Estate Portfolio | 0.62 | 0.70 | 0.79 | 77 | REIT | CNREX vs IVRSX |
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