Looking to diversify beyond GSCMX? The mutual funds below have historically moved differently from GSCMX, 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 GSCMX
5 mutual funds have low correlation with GSCMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSIMX) (Foreign Large Cap Equities) with a 1Y correlation of 0.21, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.31 | 0.36 | 61 | Foreign Large Cap Equities | GSCMX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.31 | 0.36 | 61 | Foreign Large Cap Equities | GSCMX vs GSINX | |
| Nationwide Strategic Income A | 0.22 | 0.31 | 0.28 | 99 | Multisector Bonds | GSCMX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.26 | 0.27 | 0.31 | 96 | Multisector Bonds | GSCMX vs CBLDX | |
| Nationwide Amundi Strategic Income Fund | 0.29 | 0.32 | 0.28 | 99 | Multisector Bonds | GSCMX vs NWXHX |
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