Looking to diversify beyond GHYIX? The mutual funds below have the lowest correlation with GHYIX — 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 GHYIX.
Best Diversifiers for GHYIX
4 mutual funds have low correlation with GHYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) (Large Cap Blend Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.18 | 0.15 | 0.13 | 77 | Large Cap Blend Equities | GHYIX vs GSPKX | |
| Goldman Sachs Growth Strategy Portfolio | 0.26 | 0.24 | 0.20 | 66 | Global Allocation | GHYIX vs GGSIX | |
| Goldman Sachs International Equity Insights Fund | 0.29 | 0.21 | 0.17 | 57 | Foreign Large Cap Equities | GHYIX vs GCIIX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.29 | 0.23 | 0.19 | 61 | Foreign Small & Mid Cap Equities | GHYIX vs GICIX | |
| Goldman Sachs Income Builder Fund | 0.36 | 0.36 | 0.31 | 77 | Diversified Portfolio | GHYIX vs GSBFX |
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