Looking to diversify beyond FIRAX? The mutual funds below have historically moved differently from FIRAX, 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 FIRAX
3 mutual funds have low correlation with FIRAX (below 0.3), 2 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 | -0.25 | — | — | 99 | REIT | FIRAX vs QREARX | |
| Redwood Real Estate Income Fund | -0.03 | — | — | 100 | REIT | FIRAX vs CREMX | |
| Fidelity Select Semiconductors Portfolio | 0.24 | 0.31 | 0.41 | 80 | Semiconductors, Technology Equities | FIRAX vs FSELX | |
| Cromwell CenterSquare Real Estate Fund | 0.37 | 0.46 | 0.52 | 56 | REIT | FIRAX vs MRESX | |
| VY CBRE Real Estate Portfolio | 0.37 | 0.46 | 0.53 | 77 | REIT | FIRAX vs IVRSX |
See all 26 diversifiers for FIRAX
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