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
11 mutual funds have low correlation with GSPKX (below 0.3), 3 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (MLPs) with a 1Y correlation of -0.10, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.10 | 0.28 | 0.42 | 76 | MLPs | GSPKX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | -0.09 | 0.28 | 0.42 | 75 | Energy Equities | GSPKX vs GLEIX | |
| Goldman Sachs MLP Energy Infrastructure Fund | -0.03 | 0.29 | 0.42 | 62 | Energy Equities | GSPKX vs GLPIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.05 | 0.07 | 0.06 | 99 | Ultrashort Bond | GSPKX vs GPPIX | |
| Goldman Sachs Short Duration Tax-Free Fund | 0.17 | 0.16 | 0.12 | 88 | Municipal Bonds | GSPKX vs GSDUX |
See all 94 diversifiers for GSPKX
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