Looking to diversify beyond GCCIX? The mutual funds below have the lowest correlation with GCCIX — 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 GCCIX.
Best Diversifiers for GCCIX
6 mutual funds have low correlation with GCCIX (below 0.3), 3 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of -0.22, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | -0.22 | -0.05 | 0.00 | 72 | Short-Term Bond | GCCIX vs GSSRX | |
| Goldman Sachs Income Builder Fund | -0.04 | 0.12 | 0.23 | 77 | Diversified Portfolio | GCCIX vs GSBFX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | -0.02 | 0.09 | 0.18 | 77 | Large Cap Blend Equities | GCCIX vs GSPKX | |
| Goldman Sachs Growth Strategy Portfolio | 0.01 | 0.12 | 0.22 | 66 | Global Allocation | GCCIX vs GGSIX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.03 | 0.19 | 0.28 | 61 | Foreign Small & Mid Cap Equities | GCCIX vs GICIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GCCIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GCCIX and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.00, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.00 | 0.06 | 0.09 | 52 | Consumer Cyclical |
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