Looking to diversify beyond GSMYX? The mutual funds below have historically moved differently from GSMYX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GSMYX
2 mutual funds have low correlation with GSMYX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund (GSINX) (Foreign Large Cap Equities) with a 1Y correlation of 0.22, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.22 | 0.49 | 0.56 | 61 | Foreign Large Cap Equities | GSMYX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.22 | 0.49 | 0.56 | 61 | Foreign Large Cap Equities | GSMYX vs GSIMX | |
| Goldman Sachs Short Duration Bond Fund | 0.30 | 0.22 | 0.25 | 83 | Short-Term Bond | GSMYX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.15 | 0.14 | 97 | Large Cap Blend Equities | GSMYX vs SVPFX | |
| Goldman Sachs International Small Cap Insights Fun... | 0.68 | 0.64 | 0.67 | 74 | Foreign Small & Mid Cap Equities | GSMYX vs GICIX |
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