Looking to diversify beyond RRESX? The mutual funds below have historically moved differently from RRESX, 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 RRESX
2 mutual funds have low correlation with RRESX (below 0.3), 1 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.24, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.24 | -0.16 | -0.16 | 99 | REIT | RRESX vs QREARX | |
| Redwood Real Estate Income Fund | 0.02 | — | — | 100 | REIT | RRESX vs CREMX | |
| Russell Investments Tax-Exempt Bond Fund | 0.35 | 0.33 | 0.27 | 74 | Municipal Bonds | RRESX vs RLVSX | |
| Russell Investments Multifactor U.S. Equity Fund | 0.36 | 0.52 | 0.63 | 68 | Large Cap Blend Equities | RRESX vs RTDYX | |
| Russell Investments Global Equity Fund | 0.43 | 0.57 | 0.66 | 67 | Global Equities | RRESX vs RGEAX |
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