Looking to diversify beyond GSDUX? The mutual funds below have historically moved differently from GSDUX, 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 GSDUX
15 mutual funds have low correlation with GSDUX (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 0.15, roughly unchanged from 0.10 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... | 0.15 | 0.14 | 0.10 | 54 | Foreign Large Cap Equities | GSDUX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.15 | 0.14 | 0.10 | 53 | Foreign Large Cap Equities | GSDUX vs GSINX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.24 | 0.36 | 100 | Municipal Bonds | GSDUX vs DFSMX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.18 | 0.17 | 0.13 | 78 | Large Cap Blend Equities | GSDUX vs GSPKX | |
| abrdn Ultra Short Municipal Income Fund | 0.22 | 0.30 | 0.29 | 100 | Municipal Bonds | GSDUX vs ATOIX |
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