Looking to diversify beyond GSIOX? The mutual funds below have the lowest correlation with GSIOX — 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 GSIOX.
Best Diversifiers for GSIOX
1 mutual funds have low correlation with GSIOX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | 0.25 | 0.21 | 0.24 | 69 | Short-Term Bond | GSIOX vs GSSRX | |
| Goldman Sachs Income Builder Fund | 0.71 | 0.74 | 0.75 | 73 | Diversified Portfolio | GSIOX vs GSBFX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.79 | 0.78 | 0.81 | 78 | Large Cap Blend Equities | GSIOX vs GSPKX | |
| Goldman Sachs Growth Strategy Portfolio | 0.80 | 0.80 | 0.83 | 66 | Global Allocation | GSIOX vs GGSIX | |
| Needham Small Cap Growth Fund | 0.86 | 0.87 | 0.88 | 95 | Small Cap Growth Equities | GSIOX vs NESGX |
See all 12 diversifiers for GSIOX
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