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
7 mutual funds have low correlation with GICIX (below 0.3), 2 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | -0.04 | 0.27 | 0.42 | 78 | Energy Equities | GICIX vs GLEIX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -0.01 | 0.28 | 0.42 | 78 | MLPs | GICIX vs GAMPX | |
| Goldman Sachs MLP Energy Infrastructure Fund | 0.02 | 0.28 | 0.41 | 66 | Energy Equities | GICIX vs GLPIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.16 | 0.13 | 0.09 | 99 | Ultrashort Bond | GICIX vs GPPIX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.28 | 0.20 | 0.16 | 87 | Municipal Bonds | GICIX vs GSDUX |
See all 64 diversifiers for GICIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GICIX
Add GICIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GICIX