Looking to diversify beyond GLPIX? The mutual funds below have the lowest correlation with GLPIX — 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 GLPIX.
Best Diversifiers for GLPIX
11 mutual funds have low correlation with GLPIX (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of -0.12, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | -0.12 | 0.07 | 0.09 | 70 | Short-Term Bond | GLPIX vs GSSRX | |
| Goldman Sachs Growth Strategy Portfolio | 0.01 | 0.31 | 0.45 | 68 | Global Allocation | GLPIX vs GGSIX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.01 | 0.30 | 0.43 | 77 | Large Cap Blend Equities | GLPIX vs GSPKX | |
| Goldman Sachs International Equity Insights Fund | 0.02 | 0.29 | 0.42 | 61 | Foreign Large Cap Equities | GLPIX vs GCIIX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.04 | 0.29 | 0.41 | 64 | Foreign Small & Mid Cap Equities | GLPIX vs GICIX |
See all 27 diversifiers for GLPIX
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