Looking to diversify beyond GSINX? The mutual funds below have the lowest correlation with GSINX — 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 GSINX.
Best Diversifiers for GSINX
18 mutual funds have low correlation with GSINX (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 | GSINX vs GFRIX | |
| Goldman Sachs Commodity Strategy Fund | 0.11 | 0.23 | 0.33 | 57 | Commodities | GSINX vs GCCIX | |
| Goldman Sachs Local Emerging Markets Debt Fund | 0.15 | 0.25 | 0.41 | 83 | Emerging Markets Bonds | GSINX vs GIMDX | |
| Goldman Sachs Emerging Markets Debt Fund | 0.21 | 0.27 | 0.27 | 87 | Emerging Markets Bonds | GSINX vs GSDIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.21 | 0.10 | 0.05 | 99 | Ultrashort Bond | GSINX vs GPPIX |
See all 137 diversifiers for GSINX
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