Looking to diversify beyond NRO? The mutual funds below have historically moved differently from NRO, 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 NRO
5 mutual funds have low correlation with NRO (below 0.3), 1 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 | -0.18 | — | — | 99 | REIT | NRO vs QREARX | |
| Neuberger Berman MLP | 0.04 | 0.28 | 0.40 | 71 | MLPs, Energy Equities | NRO vs NML | |
| Redwood Real Estate Income Fund | 0.07 | — | — | 100 | REIT | NRO vs CREMX | |
| Columbia Seligman Premium Technology Growth Fund | 0.17 | 0.27 | 0.39 | 88 | Technology Equities, Options Trading, Actively Managed | NRO vs STK | |
| Virtus Equity & Convertible Income Fund | 0.29 | 0.42 | 0.50 | 64 | Derivative Income, Convertible Bonds | NRO vs NIE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NRO, 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 BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of 0.17, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | 0.17 | 0.30 | 0.41 | 87 | Financial Services | |
| BlackRock Science and Technology Trust | 0.23 | 0.30 | 0.41 | 80 | Financial Services |
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