Looking to diversify beyond GSIPX? The mutual funds below have the lowest correlation with GSIPX — 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 GSIPX.
Best Diversifiers for GSIPX
2 mutual funds have low correlation with GSIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs U.S. Equity Dividend and Premium Fund (GSPKX) (Large Cap Blend Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.23 | 0.21 | 0.18 | 77 | Large Cap Blend Equities | GSIPX vs GSPKX | |
| Allspring Real Return Fund | 0.26 | 0.50 | 0.65 | 88 | Inflation-Protected Bonds | GSIPX vs IPBAX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.30 | 0.31 | 0.24 | 64 | Foreign Small & Mid Cap Equities | GSIPX vs GICIX | |
| Goldman Sachs Growth Strategy Portfolio | 0.33 | 0.30 | 0.25 | 68 | Global Allocation | GSIPX vs GGSIX | |
| Goldman Sachs International Equity Insights Fund | 0.34 | 0.30 | 0.23 | 61 | Foreign Large Cap Equities | GSIPX vs GCIIX |
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