Looking to diversify beyond FRESX? The mutual funds below have historically moved differently from FRESX, 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 FRESX
26 mutual funds have low correlation with FRESX (below 0.3), 5 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 | -0.20 | — | — | 99 | REIT | FRESX vs QREARX | |
| Fidelity SAI Inflation-Focused | -0.16 | -0.08 | 0.05 | 79 | Commodities | FRESX vs FIFGX | |
| Fidelity Select Semiconductors Portfolio | -0.04 | 0.13 | 0.30 | 80 | Semiconductors, Technology Equities | FRESX vs FSELX | |
| Strategic Advisers Fidelity Emerging Markets Fund | -0.03 | 0.18 | 0.30 | 81 | Emerging Markets Equities | FRESX vs FGOMX | |
| Fidelity OTC Portfolio | -0.01 | 0.16 | 0.37 | 76 | Large Cap Growth Equities | FRESX vs FOCPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FRESX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is REX American Resources Corporation (REX) (Basic Materials) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| REX American Resources Corporation | 0.01 | 0.14 | 0.22 | 90 | Basic Materials | |
| CareTrust REIT, Inc. | 0.40 | 0.46 | 0.54 | 84 | Real Estate | |
| Realty Income Corporation | 0.67 | 0.69 | 0.74 | 77 | Real Estate |
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