Looking to diversify beyond TRERX? The mutual funds below have historically moved differently from TRERX, 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 TRERX
1 mutual funds have low correlation with TRERX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) (High Yield Muni) with a 1Y correlation of 0.28, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.28 | 0.16 | 0.13 | 91 | High Yield Muni | TRERX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.34 | 0.19 | 0.16 | 89 | High Yield Muni | TRERX vs NHMRX | |
| Nuveen Real Estate Securities Fund | 0.36 | 0.45 | 0.50 | 72 | REIT | TRERX vs FARCX | |
| Federated Hermes International Strategic Value Div... | 0.46 | 0.55 | 0.68 | 88 | Foreign Large Cap Equities | TRERX vs IVFIX | |
| Nuveen Preferred Securities & Income Fund | 0.47 | 0.40 | 0.43 | 73 | Preferred Stock | TRERX vs NPSRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TRERX
Add TRERX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TRERX