Looking to diversify beyond GLPIX? The mutual funds below have historically moved differently from GLPIX, 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 GLPIX
13 mutual funds have low correlation with GLPIX (below 0.3), 6 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | -0.20 | 0.04 | 0.09 | 71 | Short-Term Bond | GLPIX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | -0.17 | -0.04 | -0.01 | 96 | Large Cap Blend Equities | GLPIX vs SVPFX | |
| Goldman Sachs Growth Strategy Portfolio | -0.07 | 0.28 | 0.43 | 60 | Global Allocation | GLPIX vs GGSIX | |
| Goldman Sachs International Equity Insights Fund | -0.06 | 0.25 | 0.39 | 77 | Foreign Large Cap Equities | GLPIX vs GCIIX | |
| Goldman Sachs International Small Cap Insights Fun... | -0.05 | 0.24 | 0.39 | 66 | Foreign Small & Mid Cap Equities | GLPIX vs GICIX |
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