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
22 mutual funds have low correlation with FRESX (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.19 | — | — | 99 | REIT | FRESX vs QREARX | |
| Fidelity SAI Inflation-Focused | -0.14 | -0.06 | 0.06 | 54 | Commodities | FRESX vs FIFGX | |
| Fidelity Select Semiconductors Portfolio | -0.03 | 0.13 | 0.31 | 92 | Semiconductors, Technology Equities | FRESX vs FSELX | |
| Fidelity OTC Portfolio | -0.02 | 0.17 | 0.37 | 88 | Large Cap Growth Equities | FRESX vs FOCPX | |
| Fidelity Blue Chip Growth Fund | -0.00 | 0.19 | 0.39 | 61 | Large Cap Growth Equities | FRESX vs FBGRX |
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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 Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.03, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.03 | 0.19 | 0.27 | 66 | Consumer Cyclical | |
| REX American Resources Corporation | 0.04 | 0.15 | 0.23 | 92 | Basic Materials | |
| CareTrust REIT, Inc. | 0.41 | 0.47 | 0.55 | 83 | Real Estate | |
| Realty Income Corporation | 0.64 | 0.64 | 0.70 | 72 | Real Estate |
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