Looking to diversify beyond FRESX? The mutual funds below have the lowest correlation with FRESX — 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 FRESX.
Best Diversifiers for FRESX
17 mutual funds have low correlation with FRESX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.18 | — | — | 98 | REIT | FRESX vs QREARX | |
| Fidelity Select Semiconductors Portfolio | 0.03 | 0.17 | 0.32 | 96 | Semiconductors, Technology Equities | FRESX vs FSELX | |
| Redwood Real Estate Income Fund | 0.04 | — | — | 100 | REIT | FRESX vs CREMX | |
| Fidelity Floating Rate High Income Fund | 0.04 | 0.19 | 0.23 | 92 | Bank Loan | FRESX vs FFRHX | |
| Fidelity OTC Portfolio | 0.05 | 0.20 | 0.39 | 92 | Large Cap Growth Equities | FRESX vs FOCPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRESX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRESX and solid risk/return profiles. The least correlated is REX American Resources Corporation (REX) (Basic Materials) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| REX American Resources Corporation | 0.05 | 0.16 | 0.22 | 92 | Basic Materials |
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