Looking to diversify beyond CSRSX? The mutual funds below have the lowest correlation with CSRSX — 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 CSRSX.
Best Diversifiers for CSRSX
13 mutual funds have low correlation with CSRSX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.17 | — | — | 99 | REIT | CSRSX vs QREARX | |
| Fidelity Growth Company K6 Fund | -0.00 | 0.20 | 0.39 | 75 | Large Cap Growth Equities | CSRSX vs FGKFX | |
| Redwood Real Estate Income Fund | 0.06 | — | — | 100 | REIT | CSRSX vs CREMX | |
| Fidelity Emerging Markets Index Fund | 0.09 | 0.25 | 0.33 | 65 | Emerging Markets Diversified | CSRSX vs FPADX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.17 | 0.29 | 0.41 | 97 | Energy Equities | CSRSX vs MLOZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSRSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSRSX and solid risk/return profiles. The least correlated is Simon Property Group, Inc. (SPG) (Real Estate) with a 1Y correlation of 0.66, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Simon Property Group, Inc. | 0.66 | 0.70 | 0.71 | 94 | Real Estate | |
| Realty Income Corporation | 0.68 | 0.70 | 0.75 | 78 | Real Estate |
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