Looking to diversify beyond GCGIX? The mutual funds below have historically moved differently from GCGIX, 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 GCGIX
13 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 (GLEIX) (Infrastructure Equities) with a 1Y correlation of -0.22, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | -0.22 | 0.12 | 0.29 | 64 | Infrastructure Equities, Energy Equities | GCGIX vs GLEIX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -0.21 | 0.12 | 0.29 | 65 | Infrastructure Equities, MLPs | GCGIX vs GAMPX | |
| Goldman Sachs MLP Energy Infrastructure Fund | -0.16 | 0.14 | 0.30 | 66 | Infrastructure Equities, Energy Equities | GCGIX vs GLPIX | |
| Goldman Sachs Commodity Strategy Fund | -0.03 | 0.04 | 0.11 | 53 | Commodities | GCGIX vs GCCIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.04 | 0.03 | 0.04 | 99 | Ultrashort Bond | GCGIX vs GPPIX |
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