Looking to diversify beyond GHYIX? The mutual funds below have historically moved differently from GHYIX, 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 GHYIX
3 mutual funds have low correlation with GHYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) (Foreign Large Cap Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.15 | 0.11 | 61 | Foreign Large Cap Equities | GHYIX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.15 | 0.11 | 61 | Foreign Large Cap Equities | GHYIX vs GSINX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.22 | 0.15 | 0.14 | 77 | Large Cap Blend Equities | GHYIX vs GSPKX | |
| Goldman Sachs Growth Strategy Portfolio | 0.31 | 0.24 | 0.20 | 67 | Global Allocation | GHYIX vs GGSIX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.31 | 0.23 | 0.19 | 74 | Foreign Small & Mid Cap Equities | GHYIX vs GICIX |
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