Looking to diversify beyond TIREX? The mutual funds below have historically moved differently from TIREX, 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 TIREX
36 mutual funds have low correlation with TIREX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.19 | — | — | 99 | REIT | TIREX vs QREARX | |
| TIAA-CREF Emerging Markets Equity Index Fund | 0.02 | 0.23 | 0.33 | 58 | Emerging Markets Equities | TIREX vs TEQLX | |
| Redwood Real Estate Income Fund | 0.04 | 0.01 | 0.01 | 100 | REIT | TIREX vs CREMX | |
| TIAA-CREF S&P 500 Index Fund | 0.18 | 0.41 | 0.57 | 59 | Large Cap Blend Equities | TIREX vs TISPX | |
| TIAA-CREF Short Duration Impact Bond Fund | 0.19 | 0.28 | 0.22 | 86 | Short-Term Bond | TIREX vs TSDJX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TIREX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.63, roughly unchanged from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.63 | 0.67 | 0.69 | 88 | Real Estate |
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