Looking to diversify beyond GSFIX? The mutual funds below have the lowest correlation with GSFIX — 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 GSFIX.
Best Diversifiers for GSFIX
1 mutual funds have low correlation with GSFIX (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 0.25, roughly unchanged from 0.15 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... | 0.25 | 0.21 | 0.15 | 73 | Large Cap Blend Equities | GSFIX vs GSPKX | |
| Goldman Sachs Growth Strategy Portfolio | 0.36 | 0.31 | 0.24 | 62 | Global Allocation | GSFIX vs GGSIX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.40 | 0.34 | 0.25 | 52 | Foreign Small & Mid Cap Equities | GSFIX vs GICIX | |
| Goldman Sachs Income Builder Fund | 0.53 | 0.52 | 0.43 | 68 | Diversified Portfolio | GSFIX vs GSBFX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.66 | 0.71 | 0.68 | 52 | Intermediate Core Bond | GSFIX vs STWTX |
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