Looking to diversify beyond GMLGX? The mutual funds below have the lowest correlation with GMLGX — 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 GMLGX.
Best Diversifiers for GMLGX
3 mutual funds have low correlation with GMLGX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.27, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.13 | 0.11 | 70 | Large Cap Blend Equities | GMLGX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.27 | 0.62 | 0.80 | 60 | Large Cap Blend Equities | GMLGX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.28 | 0.62 | 0.80 | 60 | Large Cap Blend Equities | GMLGX vs QIACX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.35 | 0.43 | 72 | Large Cap Blend Equities | GMLGX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.60 | 0.61 | 0.66 | 60 | Large Cap Blend Equities, Foreign Large Cap Equities | GMLGX vs SGOIX |
See all 39 diversifiers for GMLGX
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Diversification Analysis
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