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

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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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 historically moved differently from GSPFX, 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 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 0.29, up from 0.12 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SVPFX
Goldman Sachs Strategic Volatility Premium Fund0.290.150.12
97
Large Cap Blend EquitiesGSPFX vs SVPFX
ORDNX
North Square Preferred and Income Securities Fund0.510.350.41
59
Preferred StockGSPFX vs ORDNX
RCKSX
Rock Oak Core Growth Fund0.600.700.80
89
Large Cap Blend EquitiesGSPFX vs RCKSX
MUHLX
Muhlenkamp Fund0.600.680.73
59
Large Cap Blend EquitiesGSPFX vs MUHLX
SGOIX
First Eagle Overseas Fund Class I0.620.600.65
80
Foreign Large Cap EquitiesGSPFX vs SGOIX
See all 45 diversifiers for GSPFX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for GSPFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.44, down from 0.66 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.440.520.66
89
Technology

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