Looking to diversify beyond GSPKX? The mutual funds below have historically moved differently from GSPKX, 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 GSPKX
11 mutual funds have low correlation with GSPKX (below 0.3), 4 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (Infrastructure Equities) with a 1Y correlation of -0.11, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.11 | 0.26 | 0.41 | 79 | Infrastructure Equities, MLPs | GSPKX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | -0.10 | 0.26 | 0.41 | 78 | Infrastructure Equities, Energy Equities | GSPKX vs GLEIX | |
| Goldman Sachs MLP Energy Infrastructure Fund | -0.04 | 0.27 | 0.41 | 75 | Infrastructure Equities, Energy Equities | GSPKX vs GLPIX | |
| Goldman Sachs Commodity Strategy Fund | -0.00 | 0.08 | 0.17 | 68 | Commodities | GSPKX vs GCCIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.05 | 0.06 | 0.06 | 99 | Ultrashort Bond | GSPKX vs GPPIX |
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