Looking to diversify beyond GOIIX? The mutual funds below have the lowest correlation with GOIIX — 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 GOIIX.
Best Diversifiers for GOIIX
1 mutual funds have low correlation with GOIIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.04 | 0.23 | 0.17 | 83 | Tactical Allocation | GOIIX vs PBAIX | |
| Goldman Sachs Short Duration Bond Fund | 0.42 | 0.38 | 0.38 | 81 | Short-Term Bond | GOIIX vs GSSRX | |
| Quantified Evolution Plus Fund | 0.43 | 0.53 | 0.40 | 86 | Tactical Allocation | GOIIX vs QEVOX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.44 | 0.32 | 0.27 | 95 | Large Cap Blend Equities | GOIIX vs SVPFX | |
| Donoghue Forlines Dividend Fund | 0.47 | 0.63 | 0.73 | 82 | Tactical Allocation | GOIIX vs PWDIX |
See all 49 diversifiers for GOIIX
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