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Goldman Sachs Rising Dividend Growth Fund (GSRAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The Goldman Sachs Rising Dividend Growth Fund (GSRAX) is an actively managed mutual fund that seeks to provide long-term capital appreciation and income by investing in a portfolio of dividend-paying stocks of companies in the United States. GSRAX's investment strategy focuses on investing in high-quality companies with a history of paying and increasing their dividends over time. The fund typically invests in large-cap companies with a market capitalization greater than $5 billion, although it may also invest in mid-cap companies in certain circumstances.

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

Best Diversifiers for GSRAX

14 mutual funds have low correlation with GSRAX (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 0.11, roughly unchanged from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GPPIX
Goldman Sachs Short-Term Conservative Income Fund0.110.090.07
99
Ultrashort BondGSRAX vs GPPIX
GAMPX
Goldman Sachs Energy Infrastructure Fund Class P0.160.450.57
78
MLPsGSRAX vs GAMPX
GLEIX
Goldman Sachs Energy Infrastructure Fund0.170.450.57
78
Energy EquitiesGSRAX vs GLEIX
GSTGX
Goldman Sachs Short Duration Government Fund0.180.140.15
55
Government BondsGSRAX vs GSTGX
GSDUX
Goldman Sachs Short Duration Tax-Free Fund0.180.190.13
87
Municipal BondsGSRAX vs GSDUX
See all 88 diversifiers for GSRAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GSRAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSRAX and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.55, down from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GS
The Goldman Sachs Group, Inc.0.550.620.67
87
Financial Services

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Diversification Analysis

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