Looking to diversify beyond FIREX? The mutual funds below have the lowest correlation with FIREX — 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 FIREX.
Best Diversifiers for FIREX
6 mutual funds have low correlation with FIREX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.21, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | -0.13 | -0.13 | 98 | REIT | FIREX vs QREARX | |
| Redwood Real Estate Income Fund | -0.03 | — | — | 100 | REIT | FIREX vs CREMX | |
| Fidelity Series Treasury Bill Index Fund | 0.07 | 0.06 | 0.06 | 100 | Ultrashort Bond | FIREX vs FHQFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.12 | 0.13 | 0.10 | 99 | Total Bond Market | FIREX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.13 | 0.10 | 0.07 | 99 | Total Bond Market | FIREX vs FCNVX |
See all 15 diversifiers for FIREX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FIREX
Add FIREX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIREX