Looking to diversify beyond GSBFX? The mutual funds below have historically moved differently from GSBFX, 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 GSBFX
10 mutual funds have low correlation with GSBFX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.10, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.10 | 0.12 | 0.24 | 83 | Diversified Portfolio | GSBFX vs SIFAX | |
| Goldman Sachs Commodity Strategy Fund | -0.04 | 0.10 | 0.22 | 66 | Commodities | GSBFX vs GCCIX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 0.02 | 0.37 | 0.51 | 82 | Infrastructure Equities, MLPs | GSBFX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | 0.02 | 0.37 | 0.51 | 82 | Infrastructure Equities, Energy Equities | GSBFX vs GLEIX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.45 | 66 | Diversified Portfolio | GSBFX vs MHELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSBFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.53, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.53 | 0.62 | 0.64 | 80 | Real Estate |
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