Looking to diversify beyond TIREX? The mutual funds below have the lowest correlation with TIREX — 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 TIREX.
Best Diversifiers for TIREX
14 mutual funds have low correlation with TIREX (below 0.3), 1 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 | TIREX vs QREARX | |
| Redwood Real Estate Income Fund | 0.00 | — | — | 100 | REIT | TIREX vs CREMX | |
| TIAA-CREF Emerging Markets Equity Index Fund | 0.14 | 0.29 | 0.36 | 86 | Emerging Markets Diversified | TIREX vs TEQLX | |
| TIAA-CREF Emerging Markets Equity Fund | 0.14 | 0.31 | 0.38 | 75 | Emerging Markets Diversified | TIREX vs TEMLX | |
| TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund | 0.23 | 0.27 | 0.21 | 66 | Municipal Bonds | TIREX vs TITIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TIREX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TIREX and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.60, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.60 | 0.67 | 0.69 | 85 | Real Estate |
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