Looking to diversify beyond GSPKX? The mutual funds below have the lowest correlation with GSPKX — 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 GSPKX.
Best Diversifiers for GSPKX
8 mutual funds have low correlation with GSPKX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Short-Term Conservative Income Fund (GPPIX) (Ultrashort Bond) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short-Term Conservative Income Fund | 0.06 | 0.07 | 0.06 | 99 | Ultrashort Bond | GSPKX vs GPPIX | |
| Goldman Sachs Dynamic Municipal Income Fund Invest... | 0.17 | 0.15 | 0.12 | 73 | Municipal Bonds | GSPKX vs GUIRX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.17 | 0.16 | 0.12 | 86 | Municipal Bonds | GSPKX vs GSDUX | |
| Goldman Sachs High Yield Municipal Fund Institutio... | 0.18 | 0.15 | 0.13 | 60 | High Yield Muni | GSPKX vs GHYIX | |
| Goldman Sachs Dynamic Municipal Income Fund | 0.19 | 0.13 | 0.12 | 71 | Municipal Bonds | GSPKX vs GSMIX |
See all 92 diversifiers for GSPKX
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