Looking to diversify beyond GSDIX? The mutual funds below have historically moved differently from GSDIX, 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 GSDIX
2 mutual funds have low correlation with GSDIX (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 0.18, down from 0.28 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... | 0.18 | 0.25 | 0.28 | 61 | Foreign Large Cap Equities | GSDIX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.25 | 0.28 | 61 | Foreign Large Cap Equities | GSDIX vs GSINX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.41 | 0.45 | 0.46 | 97 | Large Cap Blend Equities | GSDIX vs SVPFX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.44 | 0.32 | 0.32 | 77 | Large Cap Blend Equities | GSDIX vs GSPKX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.45 | 0.38 | 0.40 | 57 | Emerging Markets Bonds | GSDIX vs EDD |
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