Looking to diversify beyond GSRAX? The mutual funds below have historically moved differently from GSRAX, 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 GSRAX
16 mutual funds have low correlation with GSRAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Commodity Strategy Fund (GCCIX) (Commodities) with a 1Y correlation of 0.00, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Commodity Strategy Fund | 0.00 | 0.10 | 0.20 | 66 | Commodities | GSRAX vs GCCIX | |
| Goldman Sachs Short-Term Conservative Income Fund | 0.12 | 0.09 | 0.08 | 99 | Ultrashort Bond | GSRAX vs GPPIX | |
| Goldman Sachs Energy Infrastructure Fund Class P | 0.14 | 0.44 | 0.56 | 82 | Infrastructure Equities, MLPs | GSRAX vs GAMPX | |
| Goldman Sachs Energy Infrastructure Fund | 0.15 | 0.44 | 0.56 | 82 | Infrastructure Equities, Energy Equities | GSRAX vs GLEIX | |
| Goldman Sachs Short Duration Government Fund | 0.18 | 0.14 | 0.15 | 63 | Government Bonds | GSRAX vs GSTGX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSRAX, 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 The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.55, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.55 | 0.62 | 0.67 | 81 | Financial Services |
Build a portfolio that complements GSRAX
Add GSRAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GSRAX