Looking to diversify beyond GICIX? The mutual funds below have the lowest correlation with GICIX — 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 GICIX.
Best Diversifiers for GICIX
5 mutual funds have low correlation with GICIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Short-Term Conservative Income Fund (GPPIX) (Ultrashort Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short-Term Conservative Income Fund | 0.18 | 0.13 | 0.09 | 99 | Ultrashort Bond | GICIX vs GPPIX | |
| Goldman Sachs Dynamic Municipal Income Fund Invest... | 0.27 | 0.22 | 0.17 | 73 | Municipal Bonds | GICIX vs GUIRX | |
| Goldman Sachs High Yield Municipal Fund Institutio... | 0.29 | 0.23 | 0.19 | 60 | High Yield Muni | GICIX vs GHYIX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.30 | 0.20 | 0.16 | 86 | Municipal Bonds | GICIX vs GSDUX | |
| Goldman Sachs Dynamic Municipal Income Fund | 0.30 | 0.21 | 0.17 | 71 | Municipal Bonds | GICIX vs GSMIX |
See all 61 diversifiers for GICIX
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