Looking to diversify beyond GSIHX? The mutual funds below have the lowest correlation with GSIHX — 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 GSIHX.
Best Diversifiers for GSIHX
2 mutual funds have low correlation with GSIHX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Dynamic Municipal Income Fund (GSMIX) (Municipal Bonds) with a 1Y correlation of 0.19, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Dynamic Municipal Income Fund | 0.19 | 0.12 | 0.08 | 71 | Municipal Bonds | GSIHX vs GSMIX | |
| Goldman Sachs Short Duration Bond Fund | 0.24 | 0.21 | 0.20 | 72 | Short-Term Bond | GSIHX vs GSSRX | |
| Thornburg Global Opportunities Fund | 0.34 | 0.60 | 0.70 | 91 | Foreign Large Cap Equities | GSIHX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.34 | 0.58 | 0.68 | 93 | Foreign Large Cap Equities | GSIHX vs TIVFX | |
| Calamos International Growth Fund | 0.37 | 0.68 | 0.77 | 59 | Foreign Large Cap Equities | GSIHX vs CIGIX |
See all 28 diversifiers for GSIHX
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