Looking to diversify beyond GSAKX? The mutual funds below have the lowest correlation with GSAKX — 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 GSAKX.
Best Diversifiers for GSAKX
1 mutual funds have low correlation with GSAKX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Dynamic Municipal Income Fund (GSMIX) (Municipal Bonds) with a 1Y correlation of 0.29, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Dynamic Municipal Income Fund | 0.29 | 0.19 | 0.15 | 65 | Municipal Bonds | GSAKX vs GSMIX | |
| Goldman Sachs Short Duration Bond Fund | 0.33 | 0.30 | 0.30 | 73 | Short-Term Bond | GSAKX vs GSSRX | |
| Kopernik International Fund | 0.53 | 0.49 | 0.59 | 82 | Foreign Large Cap Equities | GSAKX vs KGIIX | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 0.56 | 0.57 | 0.67 | 92 | Dividend | GSAKX vs FDGDX | |
| American Beacon Tocqueville International Value Fu... | 0.57 | 0.63 | 0.74 | 93 | Foreign Large Cap Equities | GSAKX vs TIVFX |
See all 30 diversifiers for GSAKX
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