Looking to diversify beyond GSIMX? The mutual funds below have historically moved differently from GSIMX, 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 GSIMX
32 mutual funds have low correlation with GSIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs High Yield Floating Rate Fund (GFRIX) (Bank Loan) with a 1Y correlation of 0.04, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs High Yield Floating Rate Fund | 0.04 | 0.17 | 0.22 | 53 | Bank Loan | GSIMX vs GFRIX | |
| Goldman Sachs Commodity Strategy Fund | 0.09 | 0.19 | 0.31 | 66 | Commodities | GSIMX vs GCCIX | |
| Goldman Sachs Local Emerging Markets Debt Fund | 0.10 | 0.22 | 0.40 | 73 | Emerging Markets Bonds | GSIMX vs GIMDX | |
| Goldman Sachs Short Duration Government Fund | 0.12 | 0.15 | 0.14 | 63 | Government Bonds | GSIMX vs GSTGX | |
| Potomac Defensive Bull Fund | 0.12 | 0.36 | 0.36 | 84 | Tactical Allocation | GSIMX vs CRDBX |
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