Looking to diversify beyond FREEX? The mutual funds below have the lowest correlation with FREEX — 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 FREEX.
Best Diversifiers for FREEX
2 mutual funds have low correlation with FREEX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.19, 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 | -0.19 | -0.13 | -0.13 | 98 | REIT | FREEX vs QREARX | |
| Redwood Real Estate Income Fund | -0.01 | — | — | 100 | REIT | FREEX vs CREMX | |
| Fidelity Series Real Estate Income Fund | 0.40 | 0.50 | 0.64 | 88 | REIT | FREEX vs FSREX | |
| Franklin Income Fund Advisor Class | 0.53 | 0.58 | 0.62 | 92 | Diversified Portfolio | FREEX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.56 | 0.62 | 0.64 | 87 | Diversified Portfolio | FREEX vs FKINX |
Diversification Analysis
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