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), 3 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (MLPs) with a 1Y correlation of -0.07, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.07 | 0.25 | 0.38 | 75 | MLPs | GSIFX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | -0.06 | 0.25 | 0.38 | 76 | Energy Equities | GSIFX vs GLEIX | |
| Goldman Sachs MLP Energy Infrastructure Fund | -0.04 | 0.26 | 0.37 | 64 | Energy Equities | GSIFX vs GLPIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.17 | 0.11 | 0.07 | 99 | Ultrashort Bond | GSIFX vs GPPIX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.24 | 0.22 | 0.18 | 85 | Municipal Bonds | GSIFX vs GSDUX |
See all 81 diversifiers for GSIFX
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