Looking to diversify beyond GICIX? The mutual funds below have historically moved differently from GICIX, 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 GICIX
7 mutual funds have low correlation with GICIX (below 0.3), 3 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (Infrastructure Equities) with a 1Y correlation of -0.07, down from 0.40 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 Class P | -0.07 | 0.25 | 0.40 | 82 | Infrastructure Equities, MLPs | GICIX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | -0.07 | 0.25 | 0.40 | 82 | Infrastructure Equities, Energy Equities | GICIX vs GLEIX | |
| Goldman Sachs MLP Energy Infrastructure Fund | -0.05 | 0.24 | 0.39 | 76 | Infrastructure Equities, Energy Equities | GICIX vs GLPIX | |
| Goldman Sachs Commodity Strategy Fund | 0.04 | 0.17 | 0.26 | 66 | Commodities | GICIX vs GCCIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.16 | 0.12 | 0.09 | 99 | Ultrashort Bond | GICIX vs GPPIX |
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