Looking to diversify beyond FIRAX? The mutual funds below have the lowest correlation with FIRAX — 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 FIRAX.
Best Diversifiers for FIRAX
3 mutual funds have low correlation with FIRAX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.22, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | -0.15 | -0.15 | 98 | REIT | FIRAX vs QREARX | |
| Redwood Real Estate Income Fund | -0.02 | -0.04 | -0.04 | 100 | REIT | FIRAX vs CREMX | |
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.32 | 0.42 | 96 | Semiconductors, Technology Equities | FIRAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.37 | 0.38 | 0.48 | 73 | Large Cap Growth Equities | FIRAX vs FBGRX | |
| Fidelity Series Real Estate Income Fund | 0.49 | 0.49 | 0.57 | 89 | REIT | FIRAX vs FSREX |
See all 10 diversifiers for FIRAX
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Diversification Analysis
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