Looking to diversify beyond GSAWX? The mutual funds below have the lowest correlation with GSAWX — 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 GSAWX.
Best Diversifiers for GSAWX
9 mutual funds have low correlation with GSAWX (below 0.3), 3 of which are negatively correlated. The least correlated is Putnam Mortgage Opportunities Fund (PMOTX) (Nontraditional Bonds) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | -0.14 | -0.03 | 0.06 | 86 | Nontraditional Bonds | GSAWX vs PMOTX | |
| Artisan Global Unconstrained Fund | -0.14 | -0.13 | — | 99 | Nontraditional Bonds | GSAWX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.03 | — | — | 100 | Nontraditional Bonds | GSAWX vs CBYYX | |
| GMO Opportunistic Income Fund | 0.13 | 0.22 | 0.22 | 97 | Nontraditional Bonds | GSAWX vs GMODX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.16 | 0.23 | 0.20 | 99 | Nontraditional Bonds | GSAWX vs EIGMX |
See all 21 diversifiers for GSAWX
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