Looking to diversify beyond FIREX? The mutual funds below have historically moved differently from FIREX, 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 FIREX
6 mutual funds have low correlation with FIREX (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 | -0.23 | — | — | 99 | REIT | FIREX vs QREARX | |
| Redwood Real Estate Income Fund | -0.03 | — | — | 100 | REIT | FIREX vs CREMX | |
| Fidelity Series Treasury Bill Index Fund | 0.07 | 0.04 | 0.06 | 100 | Ultrashort Bond | FIREX vs FHQFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.11 | 0.12 | 0.11 | 100 | Total Bond Market | FIREX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.16 | 0.09 | 0.08 | 100 | Ultrashort Bond | FIREX vs FCNVX |
See all 44 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