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
28 mutual funds have low correlation with GSIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Local Emerging Markets Debt Fund (GIMDX) (Emerging Markets Bonds) with a 1Y correlation of 0.10, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Local Emerging Markets Debt Fund | 0.10 | 0.23 | 0.40 | 82 | Emerging Markets Bonds | GSIMX vs GIMDX | |
| Potomac Defensive Bull Fund | 0.14 | 0.37 | 0.37 | 89 | Tactical Allocation | GSIMX vs CRDBX | |
| Goldman Sachs Short Duration Government Fund | 0.15 | 0.16 | 0.14 | 55 | Government Bonds | GSIMX vs GSTGX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.16 | 0.10 | 0.04 | 99 | Ultrashort Bond | GSIMX vs GPPIX | |
| Goldman Sachs Emerging Markets Debt Fund | 0.18 | 0.26 | 0.28 | 87 | Emerging Markets Bonds | GSIMX vs GSDIX |
See all 151 diversifiers for GSIMX
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