Looking to diversify beyond GEMIX? The mutual funds below have the lowest correlation with GEMIX — 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 GEMIX.
Best Diversifiers for GEMIX
1 mutual funds have low correlation with GEMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | 0.19 | 0.14 | 0.19 | 70 | Short-Term Bond | GEMIX vs GSSRX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.32 | 0.32 | 0.25 | 98 | Nontraditional Bonds | GEMIX vs EGRIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.49 | 0.64 | 0.71 | 87 | Emerging Markets Diversified | GEMIX vs ESCIX | |
| PIMCO RAE US Small Fund | 0.49 | 0.52 | 0.54 | 72 | Small Cap Value Equities | GEMIX vs PMJIX | |
| Goldman Sachs Income Builder Fund | 0.57 | 0.57 | 0.59 | 77 | Diversified Portfolio | GEMIX vs GSBFX |
See all 31 diversifiers for GEMIX
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