Looking to diversify beyond GMSAX? The mutual funds below have historically moved differently from GMSAX, 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 GMSAX
5 mutual funds have low correlation with GMSAX (below 0.3), 2 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of -0.13, up from -0.26 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 | -0.13 | -0.10 | -0.26 | 83 | Short-Term Bond | GMSAX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | -0.12 | -0.08 | -0.26 | 97 | Large Cap Blend Equities | GMSAX vs SVPFX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.12 | 0.19 | 0.14 | 61 | Foreign Large Cap Equities | GMSAX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.16 | 0.20 | 0.14 | 61 | Foreign Large Cap Equities | GMSAX vs GSIMX | |
| Goldman Sachs Income Builder Fund | 0.29 | 0.17 | 0.06 | 84 | Diversified Portfolio | GMSAX vs GSBFX |
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