Looking to diversify beyond KGGIX? The mutual funds below have historically moved differently from KGGIX, 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 KGGIX
1 mutual funds have low correlation with KGGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Infrastructure Equities) with a 1Y correlation of 0.04, down from 0.40 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 | 0.04 | 0.22 | 0.40 | 82 | Infrastructure Equities, Energy Equities | KGGIX vs GLEIX | |
| Brandes Small Cap Value Fund | 0.40 | 0.35 | 0.43 | 92 | Small Cap Value Equities | KGGIX vs BSCMX | |
| State Street Hedged International Developed Equity... | 0.49 | 0.38 | 0.46 | 86 | Foreign Large Cap Equities | KGGIX vs SSHQX | |
| Allspring Disciplined U.S. Core Fund | 0.49 | 0.30 | 0.41 | 65 | Large Cap Blend Equities | KGGIX vs EVSAX | |
| AMG Yacktman Special Opportunities Fund | 0.50 | 0.48 | 0.59 | 55 | Foreign Small & Mid Cap Equities | KGGIX vs YASLX |
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