Looking to diversify beyond NRFYX? The mutual funds below have the lowest correlation with NRFYX — 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 NRFYX.
Best Diversifiers for NRFYX
3 mutual funds have low correlation with NRFYX (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 | -0.17 | — | — | 98 | REIT | NRFYX vs QREARX | |
| Redwood Real Estate Income Fund | 0.02 | 0.02 | 0.02 | 100 | REIT | NRFYX vs CREMX | |
| Gateway Fund Class Y Shares | 0.28 | 0.44 | 0.55 | 72 | Options Trading | NRFYX vs GTEYX | |
| Gateway Fund | 0.32 | 0.48 | 0.60 | 70 | Options Trading | NRFYX vs GATEX | |
| Fidelity Series Real Estate Income Fund | 0.42 | 0.53 | 0.67 | 88 | REIT | NRFYX vs FSREX |
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