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
21 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 Local Emerging Markets Debt Fund | 0.14 | 0.25 | 0.41 | 81 | Emerging Markets Bonds | GSINX vs GIMDX | |
| Fidelity Blue Chip Growth Fund | 0.19 | 0.49 | 0.57 | 68 | Large Cap Growth Equities | GSINX vs FBGRX | |
| Goldman Sachs Dynamic Municipal Income Fund | 0.19 | 0.13 | 0.08 | 70 | Municipal Bonds | GSINX vs GSMIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.20 | 0.11 | 0.05 | 99 | Ultrashort Bond | GSINX vs GPPIX |
See all 170 diversifiers for GSINX
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