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
0 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 0.33, 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 | 0.33 | 0.20 | 0.15 | 78 | Municipal Bonds | GSAKX vs GSMIX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.40 | 0.49 | 0.61 | 84 | Dividend | GSAKX vs SVAAX | |
| Goldman Sachs Short Duration Bond Fund | 0.40 | 0.32 | 0.30 | 78 | Short-Term Bond | GSAKX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.41 | 0.27 | 0.21 | 95 | Large Cap Blend Equities | GSAKX vs SVPFX | |
| Thornburg Global Opportunities Fund | 0.58 | 0.68 | 0.74 | 86 | Foreign Large Cap Equities | GSAKX vs THOIX |
See all 32 diversifiers for GSAKX
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