Looking to diversify beyond GSIKX? The mutual funds below have the lowest correlation with GSIKX — 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 GSIKX.
Best Diversifiers for GSIKX
0 mutual funds have low correlation with GSIKX (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 0.32, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Dynamic Municipal Income Fund | 0.32 | 0.20 | 0.15 | 71 | Municipal Bonds | GSIKX vs GSMIX | |
| Goldman Sachs Short Duration Bond Fund | 0.40 | 0.32 | 0.30 | 72 | Short-Term Bond | GSIKX vs GSSRX | |
| Kopernik International Fund | 0.55 | 0.50 | 0.59 | 54 | Foreign Large Cap Equities | GSIKX vs KGIIX | |
| Hood River Small-Cap Growth Fund | 0.56 | 0.56 | 0.61 | 88 | Small Cap Growth Equities | GSIKX vs HRSMX | |
| Thornburg Global Opportunities Fund | 0.58 | 0.69 | 0.75 | 91 | Foreign Large Cap Equities | GSIKX vs THOIX |
See all 29 diversifiers for GSIKX
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