Looking to diversify beyond GSAKX? The mutual funds below have historically moved differently from GSAKX, 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 GSAKX
0 mutual funds have low correlation with GSAKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.33, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.33 | 0.48 | 0.60 | 93 | Dividend | GSAKX vs SVAAX | |
| Goldman Sachs Dynamic Municipal Income Fund | 0.34 | 0.20 | 0.16 | 81 | Municipal Bonds | GSAKX vs GSMIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.39 | 0.27 | 0.22 | 97 | Large Cap Blend Equities | GSAKX vs SVPFX | |
| Goldman Sachs Short Duration Bond Fund | 0.42 | 0.32 | 0.31 | 83 | Short-Term Bond | GSAKX vs GSSRX | |
| Thornburg Global Opportunities Fund | 0.57 | 0.68 | 0.74 | 89 | Foreign Large Cap Equities | GSAKX vs THOIX |
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