Looking to diversify beyond GCGIX? The mutual funds below have the lowest correlation with GCGIX — 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 GCGIX.
Best Diversifiers for GCGIX
9 mutual funds have low correlation with GCGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Short-Term Conservative Income Fund (GPPIX) (Ultrashort Bond) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short-Term Conservative Income Fund | 0.03 | 0.03 | 0.03 | 99 | Ultrashort Bond | GCGIX vs GPPIX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.12 | 0.09 | 0.08 | 85 | Municipal Bonds | GCGIX vs GSDUX | |
| Goldman Sachs Enhanced Income Fund | 0.12 | 0.11 | 0.16 | 95 | Ultrashort Bond | GCGIX vs GEIIX | |
| Goldman Sachs Dynamic Municipal Income Fund Invest... | 0.13 | 0.10 | 0.10 | 74 | Municipal Bonds | GCGIX vs GUIRX | |
| Goldman Sachs High Yield Municipal Fund Institutio... | 0.14 | 0.10 | 0.11 | 59 | High Yield Muni | GCGIX vs GHYIX |
See all 75 diversifiers for GCGIX
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