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Schwab Fundamental Global Real Estate Index Fund (SFREX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund primarily invests in stocks that are included in the Russell RAFI Global Select Real Estate Index (the index). The index measures the performance of real estate companies, including real estate investment trusts (REITs), in U.S. and non-U.S. markets, including developed and emerging markets. It may concentrate its investments in an industry or group of industries to the extent that the index the fund is designed to track is also so concentrated.

Looking to diversify beyond SFREX? The mutual funds below have the lowest correlation with SFREX — 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 SFREX.

Best Diversifiers for SFREX

3 mutual funds have low correlation with SFREX (below 0.3), 1 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.18, roughly unchanged from -0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QREARX
TIAA Real Estate Account-0.18-0.11-0.11
98
REITSFREX vs QREARX
CREMX
Redwood Real Estate Income Fund0.01——
100
REITSFREX vs CREMX
EAPCX
Parametric Commodity Strategy Fund Class A0.070.190.24
90
CommoditiesSFREX vs EAPCX
FSREX
Fidelity Series Real Estate Income Fund0.500.510.63
88
REITSFREX vs FSREX
SNXFX
Schwab 1000 Index Fund0.530.570.65
70
Large Cap Blend EquitiesSFREX vs SNXFX
See all 10 diversifiers for SFREX

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