Looking to diversify beyond GSSMX? The mutual funds below have the lowest correlation with GSSMX — 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 GSSMX.
Best Diversifiers for GSSMX
1 mutual funds have low correlation with GSSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of 0.27, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | 0.27 | 0.24 | 0.23 | 69 | Short-Term Bond | GSSMX vs GSSRX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | 0.68 | 0.71 | 0.77 | 78 | Large Cap Blend Equities | GSSMX vs GSPKX | |
| American Funds American Balanced Fund Class R-6 | 0.70 | 0.72 | 0.78 | 86 | Diversified Portfolio | GSSMX vs RLBGX | |
| Auer Growth Fund | 0.74 | 0.78 | 0.82 | 90 | Small Cap Blend Equities | GSSMX vs AUERX | |
| Goldman Sachs Income Builder Fund | 0.80 | 0.78 | 0.80 | 73 | Diversified Portfolio | GSSMX vs GSBFX |
See all 29 diversifiers for GSSMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GSSMX
Add GSSMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GSSMX