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
1 mutual funds have low correlation with GIMDX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) (Large Cap Blend Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.27 | 0.28 | 0.35 | 78 | Large Cap Blend Equities | GIMDX vs GSPKX | |
| Goldman Sachs Income Builder Fund | 0.31 | 0.39 | 0.48 | 73 | Diversified Portfolio | GIMDX vs GSBFX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.35 | 0.42 | 0.41 | 98 | Emerging Markets Bonds | GIMDX vs DBLLX | |
| Goldman Sachs Short Duration Bond Fund | 0.38 | 0.50 | 0.46 | 69 | Short-Term Bond | GIMDX vs GSSRX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.39 | 0.27 | 0.39 | 97 | Emerging Markets Bonds | GIMDX vs EIDOX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GIMDX
Add GIMDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GIMDX