Looking to diversify beyond NRO? The mutual funds below have the lowest correlation with NRO — 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 NRO.
Best Diversifiers for NRO
3 mutual funds have low correlation with NRO (below 0.3), 2 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 | NRO vs QREARX | |
| Redwood Real Estate Income Fund | -0.02 | — | — | 100 | REIT | NRO vs CREMX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.25 | 0.30 | 0.41 | 94 | Technology Equities | NRO vs STK | |
| Fidelity Series Real Estate Income Fund | 0.35 | 0.48 | 0.62 | 86 | REIT | NRO vs FSREX | |
| Virtus Equity & Convertible Income Fund | 0.35 | 0.44 | 0.52 | 62 | Derivative Income | NRO vs NIE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRO and solid risk/return profiles. The least correlated is BlackRock Science and Technology Trust II (BSTZ) (Financial Services) with a 1Y correlation of 0.22, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust II | 0.22 | 0.33 | 0.42 | 94 | Financial Services | |
| BlackRock Science and Technology Trust | 0.31 | 0.33 | 0.43 | 88 | Financial Services |
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