Looking to diversify beyond PREAX? The mutual funds below have the lowest correlation with PREAX — 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 PREAX.
Best Diversifiers for PREAX
3 mutual funds have low correlation with PREAX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.22, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | -0.17 | -0.17 | 98 | REIT | PREAX vs QREARX | |
| Redwood Real Estate Income Fund | -0.01 | — | — | 100 | REIT | PREAX vs CREMX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.27 | 0.36 | 0.40 | 93 | Emerging Markets Diversified | PREAX vs EMPTX | |
| PACE Municipal Fixed Income Investments | 0.38 | 0.36 | 0.30 | 73 | Municipal Bonds | PREAX vs PCMNX | |
| UBS U.S. Allocation Fund | 0.46 | 0.58 | 0.68 | 63 | Diversified Portfolio | PREAX vs PWTYX |
See all 9 diversifiers for PREAX
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