Looking to diversify beyond GFSIX? The mutual funds below have historically moved differently from GFSIX, 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 GFSIX
4 mutual funds have low correlation with GFSIX (below 0.3), 2 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Infrastructure Equities) with a 1Y correlation of -0.01, down from 0.48 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 | -0.01 | 0.35 | 0.48 | 82 | Infrastructure Equities, Energy Equities | GFSIX vs GLEIX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -0.00 | 0.36 | 0.48 | 82 | Infrastructure Equities, MLPs | GFSIX vs GAMPX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.21 | 0.21 | 0.09 | 66 | Systematic Trend | GFSIX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.24 | 0.11 | 0.05 | 97 | Equity Market Neutral | GFSIX vs BDMIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.56 | 0.61 | 0.66 | 64 | Derivative Income | GFSIX vs BDJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GFSIX, 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 Morgan Stanley (MS) (Financial Services) with a 1Y correlation of 0.56, down from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Morgan Stanley | 0.56 | 0.64 | 0.71 | 87 | Financial Services |
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