Looking to diversify beyond GSIMX? The mutual funds below have the lowest correlation with GSIMX — 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 GSIMX.
Best Diversifiers for GSIMX
18 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 0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs High Yield Floating Rate Fund | 0.07 | 0.19 | 0.23 | 55 | Bank Loan | GSIMX vs GFRIX | |
| Goldman Sachs Local Emerging Markets Debt Fund | 0.14 | 0.24 | 0.41 | 81 | Emerging Markets Bonds | GSIMX vs GIMDX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.19 | 0.11 | 0.05 | 99 | Ultrashort Bond | GSIMX vs GPPIX | |
| Potomac Defensive Bull Fund | 0.20 | 0.39 | 0.37 | 94 | Tactical Allocation | GSIMX vs CRDBX | |
| Goldman Sachs Dynamic Municipal Income Fund Invest... | 0.21 | 0.15 | 0.09 | 73 | Municipal Bonds | GSIMX vs GUIRX |
See all 153 diversifiers for GSIMX
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