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
15 mutual funds have low correlation with GCGIX (below 0.3), 4 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (MLPs) with a 1Y correlation of -0.20, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.20 | 0.13 | 0.30 | 75 | MLPs | GCGIX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | -0.20 | 0.14 | 0.30 | 76 | Energy Equities | GCGIX vs GLEIX | |
| Goldman Sachs Global Infrastructure Fund | -0.14 | 0.11 | 0.36 | 51 | Energy Equities | GCGIX vs GGINX | |
| Goldman Sachs MLP Energy Infrastructure Fund | -0.14 | 0.16 | 0.31 | 64 | Energy Equities | GCGIX vs GLPIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.03 | 0.03 | 0.04 | 99 | Ultrashort Bond | GCGIX vs GPPIX |
See all 81 diversifiers for GCGIX
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