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Goldman Sachs Income Builder Fund (GSBFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks to provide income and capital appreciation. The fund seeks to provide income through investments in fixed income securities (bonds) and high dividend paying equities, preferred equities and other similar securities (stocks). It seeks to achieve capital appreciation primarily through equity securities. The fund has a baseline allocation to fixed income securities of 60% and to equity securities of 40%.

Looking to diversify beyond GSBFX? The mutual funds below have the lowest correlation with GSBFX — 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 GSBFX.

Best Diversifiers for GSBFX

2 mutual funds have low correlation with GSBFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.060.180.46
70
Diversified PortfolioGSBFX vs MHELX
GPPIX
Goldman Sachs Short-Term Conservative Income Fund0.210.160.14
99
Ultrashort BondGSBFX vs GPPIX
GIMDX
Goldman Sachs Local Emerging Markets Debt Fund0.310.390.48
81
Emerging Markets BondsGSBFX vs GIMDX
GUIRX
Goldman Sachs Dynamic Municipal Income Fund Invest...0.330.340.27
74
Municipal BondsGSBFX vs GUIRX
GEIIX
Goldman Sachs Enhanced Income Fund0.340.310.32
95
Ultrashort BondGSBFX vs GEIIX
See all 89 diversifiers for GSBFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GSBFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSBFX and solid risk/return profiles. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.54, roughly unchanged from 0.64 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NLY
Annaly Capital Management, Inc.0.540.620.64
81
Real Estate

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