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Gotham Enhanced S&P 500 Index Fund (GSPFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by investing under normal circumstances in equity securities. It invests at least 80% of its assets in securities of issuers included in the S&P 500 Index (the "index") at the time of purchase, but not necessarily at index weightings. The Adviser seeks to capitalize on pricing inefficiencies in the market by employing a systematic, bottom-up, valuation approach based on the Adviser's proprietary analytical framework to identify companies that appear to be undervalued or overvalued on both an absolute and relative basis.

Looking to diversify beyond GSPFX? The mutual funds below have the lowest correlation with GSPFX — 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 GSPFX.

Best Diversifiers for GSPFX

1 mutual funds have low correlation with GSPFX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.22, up from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.220.130.12
73
Large Cap Blend EquitiesGSPFX vs SVPFX
ORDNX
North Square Preferred and Income Securities Fund0.460.340.42
72
Large Cap Blend EquitiesGSPFX vs ORDNX
SGOIX
First Eagle Overseas Fund Class I0.600.590.65
57
Large Cap Blend Equities, Foreign Large Cap EquitiesGSPFX vs SGOIX
RCKSX
Rock Oak Core Growth Fund0.650.720.80
56
Large Cap Blend EquitiesGSPFX vs RCKSX
RESGX
Glenmede Responsible ESG U.S. Equity Portfolio0.730.810.88
91
Large Cap Blend EquitiesGSPFX vs RESGX
See all 40 diversifiers for GSPFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GSPFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSPFX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.47, down from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.470.540.67
89
Technology

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Diversification Analysis

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