Looking to diversify beyond TRERX? The mutual funds below have the lowest correlation with TRERX — 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 TRERX.
Best Diversifiers for TRERX
2 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 0.26, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.26 | 0.15 | 0.13 | 65 | High Yield Muni | TRERX vs NVHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.29 | 0.17 | 0.15 | 63 | High Yield Muni | TRERX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | 0.44 | 0.40 | 0.42 | 73 | Preferred Stock/Convertible Bonds | TRERX vs NPSRX | |
| Kopernik International Fund | 0.57 | 0.47 | 0.60 | 54 | Foreign Large Cap Equities | TRERX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.58 | 0.60 | 0.64 | 75 | Foreign Large Cap Equities | TRERX vs PTSIX |
See all 26 diversifiers for TRERX
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