Looking to diversify beyond GSDUX? The mutual funds below have the lowest correlation with GSDUX — 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 GSDUX.
Best Diversifiers for GSDUX
11 mutual funds have low correlation with GSDUX (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 0.17, roughly unchanged from 0.12 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... | 0.17 | 0.16 | 0.12 | 77 | Large Cap Blend Equities | GSDUX vs GSPKX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.24 | 0.37 | 99 | Municipal Bonds | GSDUX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.28 | — | 100 | Municipal Bonds | GSDUX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.29 | 0.38 | 99 | Municipal Bonds | GSDUX vs USMSX | |
| Goldman Sachs Growth Strategy Portfolio | 0.24 | 0.22 | 0.17 | 66 | Global Allocation | GSDUX vs GGSIX |
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