Looking to diversify beyond GCCIX? The mutual funds below have historically moved differently from GCCIX, 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 GCCIX
9 mutual funds have low correlation with GCCIX (below 0.3), 4 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | -0.22 | -0.07 | 0.00 | 83 | Short-Term Bond | GCCIX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | -0.22 | -0.07 | -0.03 | 97 | Large Cap Blend Equities | GCCIX vs SVPFX | |
| Goldman Sachs Income Builder Fund | -0.04 | 0.10 | 0.22 | 84 | Diversified Portfolio | GCCIX vs GSBFX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | -0.00 | 0.08 | 0.17 | 77 | Large Cap Blend Equities | GCCIX vs GSPKX | |
| Goldman Sachs Growth Strategy Portfolio | 0.02 | 0.11 | 0.21 | 67 | Global Allocation | GCCIX vs GGSIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GCCIX, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.01 | 0.05 | 0.08 | 60 | Consumer Cyclical | |
| Nu Holdings Ltd. | -0.00 | 0.06 | — | 57 | Financial Services |
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