Looking to diversify beyond GSIFX? The mutual funds below have historically moved differently from GSIFX, 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 GSIFX
9 mutual funds have low correlation with GSIFX (below 0.3), 4 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Infrastructure Equities) with a 1Y correlation of -0.07, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | -0.07 | 0.24 | 0.37 | 64 | Infrastructure Equities, Energy Equities | GSIFX vs GLEIX | |
| Goldman Sachs Energy Infrastructure Fund Class P | -0.07 | 0.24 | 0.37 | 65 | Infrastructure Equities, MLPs | GSIFX vs GAMPX | |
| Goldman Sachs Commodity Strategy Fund | -0.05 | 0.10 | 0.18 | 53 | Commodities | GSIFX vs GCCIX | |
| Goldman Sachs MLP Energy Infrastructure Fund | -0.05 | 0.25 | 0.36 | 66 | Infrastructure Equities, Energy Equities | GSIFX vs GLPIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.18 | 0.11 | 0.07 | 99 | Ultrashort Bond | GSIFX vs GPPIX |
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