Looking to diversify beyond GSDIX? The mutual funds below have the lowest correlation with GSDIX — 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 GSDIX.
Best Diversifiers for GSDIX
0 mutual funds have low correlation with GSDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) (Large Cap Blend Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.40 | 0.31 | 0.31 | 78 | Large Cap Blend Equities | GSDIX vs GSPKX | |
| Goldman Sachs Growth Strategy Portfolio | 0.48 | 0.43 | 0.41 | 66 | Global Allocation | GSDIX vs GGSIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.48 | 0.53 | 0.61 | 98 | Emerging Markets Bonds | GSDIX vs DBLLX | |
| Goldman Sachs Income Builder Fund | 0.55 | 0.55 | 0.54 | 73 | Diversified Portfolio | GSDIX vs GSBFX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.55 | 0.45 | 0.45 | 97 | Emerging Markets Bonds | GSDIX vs EELDX |
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