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
29 mutual funds have low correlation with GSINX (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 | GSINX vs GIMDX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.47 | 0.56 | 61 | Large Cap Growth Equities | GSINX vs FBGRX | |
| Goldman Sachs Short Duration Government Fund | 0.15 | 0.16 | 0.14 | 51 | Government Bonds | GSINX vs GSTGX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.16 | 0.10 | 0.05 | 99 | Ultrashort Bond | GSINX vs GPPIX | |
| Goldman Sachs Emerging Markets Debt Fund | 0.18 | 0.26 | 0.28 | 87 | Emerging Markets Bonds | GSINX vs GSDIX |
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