Looking to diversify beyond GMSAX? The mutual funds below have the lowest correlation with GMSAX — 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 GMSAX.
Best Diversifiers for GMSAX
1 mutual funds have low correlation with GMSAX (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 -0.05, up from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | -0.05 | -0.11 | -0.26 | 72 | Short-Term Bond | GMSAX vs GSSRX | |
| Goldman Sachs Income Builder Fund | 0.36 | 0.17 | 0.08 | 77 | Diversified Portfolio | GMSAX vs GSBFX | |
| Goldman Sachs International Equity Insights Fund | 0.42 | 0.25 | 0.16 | 57 | Foreign Large Cap Equities | GMSAX vs GCIIX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.44 | 0.24 | 0.15 | 61 | Foreign Small & Mid Cap Equities | GMSAX vs GICIX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.46 | 0.28 | 0.18 | 77 | Large Cap Blend Equities | GMSAX vs GSPKX |
See all 21 diversifiers for GMSAX
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