Looking to diversify beyond GIMDX? The mutual funds below have the lowest correlation with GIMDX — 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 GIMDX.
Best Diversifiers for GIMDX
3 mutual funds have low correlation with GIMDX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.13, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.13 | 0.18 | 0.26 | 56 | Emerging Markets Bonds | GIMDX vs EDF | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.28 | 0.28 | 0.35 | 77 | Large Cap Blend Equities | GIMDX vs GSPKX | |
| Goldman Sachs International Equity Insights Fund | 0.30 | 0.32 | 0.46 | 61 | Foreign Large Cap Equities | GIMDX vs GCIIX | |
| Goldman Sachs Growth Strategy Portfolio | 0.30 | 0.34 | 0.44 | 68 | Global Allocation | GIMDX vs GGSIX | |
| Goldman Sachs Income Builder Fund | 0.31 | 0.39 | 0.48 | 77 | Diversified Portfolio | GIMDX vs GSBFX |
See all 21 diversifiers for GIMDX
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