Looking to diversify beyond GGSIX? The mutual funds below have the lowest correlation with GGSIX — 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 GGSIX.
Best Diversifiers for GGSIX
9 mutual funds have low correlation with GGSIX (below 0.3), 2 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (MLPs) with a 1Y correlation of -0.05, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.05 | 0.30 | 0.45 | 61 | MLPs | GGSIX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | -0.04 | 0.30 | 0.45 | 57 | Energy Equities | GGSIX vs GLEIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.13 | 0.11 | 0.09 | 99 | Ultrashort Bond | GGSIX vs GPPIX | |
| LoCorr Macro Strategies Fund Class I | 0.22 | 0.12 | -0.00 | 87 | Global Allocation | GGSIX vs LFMIX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.24 | 0.22 | 0.17 | 87 | Municipal Bonds | GGSIX vs GSDUX |
See all 95 diversifiers for GGSIX
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