Looking to diversify beyond GSIFX? The mutual funds below have the lowest correlation with GSIFX — 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 GSIFX.
Best Diversifiers for GSIFX
7 mutual funds have low correlation with GSIFX (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Commodity Strategy Fund (GCCIX) (Commodities) with a 1Y correlation of -0.05, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Commodity Strategy Fund | -0.05 | 0.13 | 0.20 | 57 | Commodities | GSIFX vs GCCIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.18 | 0.11 | 0.07 | 99 | Ultrashort Bond | GSIFX vs GPPIX | |
| Goldman Sachs Local Emerging Markets Debt Fund | 0.27 | 0.32 | 0.45 | 83 | Emerging Markets Bonds | GSIFX vs GIMDX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.27 | 0.22 | 0.18 | 84 | Municipal Bonds | GSIFX vs GSDUX | |
| Goldman Sachs Dynamic Municipal Income Fund Invest... | 0.27 | 0.24 | 0.18 | 72 | Municipal Bonds | GSIFX vs GUIRX |
See all 66 diversifiers for GSIFX
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