Avantis International Correlations

AVDNX Fund

USD 15.32 0.09 0.59%

The current 90-days correlation between Avantis International and Us Government Securities is 0.09 (i.e., Significant diversification). The correlation of Avantis International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Avantis International Correlation With Market

Poor diversification

The correlation between Avantis International Equity and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis International Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Avantis Mutual Fund

0.96	AVANX	Avantis International	Pair Corr
0.87	AVBNX	American Century Etf	Pair Corr
0.96	AVDEX	Avantis International	Pair Corr
0.84	AVCNX	American Century Etf	Pair Corr
0.89	AVEEX	Avantis Emerging Markets	Pair Corr
0.96	AVDVX	Avantis International	Pair Corr
0.89	AVENX	Avantis Emerging Markets	Pair Corr
0.86	AVIGX	American Century Etf	Pair Corr
0.94	AVLVX	American Century Etf	Pair Corr
0.86	AVSBX	Avantis Small Cap	Pair Corr
0.84	AVUVX	Avantis Small Cap	Pair Corr
0.91	AVUSX	Avantis Equity	Pair Corr
0.95	AVUNX	Avantis Equity	Pair Corr
0.94	ALCEX	Avantis Large Cap	Pair Corr
0.99	VGTSX	Vanguard Total Inter	Pair Corr
0.99	VTIAX	Vanguard Total Inter	Pair Corr
0.95	VTSNX	Vanguard Total Inter	Pair Corr
0.99	VTPSX	Vanguard Total Inter	Pair Corr
0.95	VTISX	Vanguard Total Inter	Pair Corr
1.0	VTMGX	Vanguard Developed	Pair Corr
1.0	VDVIX	Vanguard Developed	Pair Corr
1.0	VTMNX	Vanguard Developed	Pair Corr
0.95	VDIPX	Vanguard Developed	Pair Corr
0.98	FSPSX	Fidelity International	Pair Corr
0.85	GAAKX	Gmo Alternative Allo	Pair Corr
0.84	GAAGX	Gmo Alternative Allo	Pair Corr
0.89	GPBFX	Gmo E Plus	Pair Corr
0.88	GPMFX	Guidepath Managed Futures	Pair Corr
0.92	PQTAX	Pimco Trends Managed	Pair Corr
0.95	PQTNX	Pimco Trends Managed	Pair Corr
0.95	PQTIX	Aa Pimco Tr	Pair Corr
0.95	WARCX	Wells Fargo Advantage	Pair Corr
0.78	DCACX	Dreyfus California Amt	Pair Corr
0.95	RHDTX	American Funds 2025	Pair Corr
0.9	CAFEX	Amcap Fund Class	Pair Corr
0.71	RYEIX	Energy Fund Investor	Pair Corr
0.91	TRSLX	Transamerica Small Cap	Pair Corr

Related Correlations Analysis

	USGFX	DNCGX	RGVJX	TFGXX	RGVAX	TWACX
USGFX		0.96	0.97	0.0	0.97	0.99	USGFX
DNCGX	0.96		0.98	0.0	0.98	0.96	DNCGX
RGVJX	0.97	0.98		0.0	1.0	0.97	RGVJX
TFGXX	0.0	0.0	0.0		0.0	0.0	TFGXX
RGVAX	0.97	0.98	1.0	0.0		0.97	RGVAX
TWACX	0.99	0.96	0.97	0.0	0.97		TWACX
	USGFX	DNCGX	RGVJX	TFGXX	RGVAX	TWACX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RGVAX	+ 1.0	RGVJX
TWACX	+ 0.99	USGFX
RGVJX	+ 0.98	DNCGX
RGVAX	+ 0.98	DNCGX
RGVJX	+ 0.97	USGFX
RGVAX	+ 0.97	USGFX

High negative correlations

TWACX	- 0.0	TFGXX
RGVAX	- 0.0	TFGXX
TFGXX	- 0.0	RGVJX
TFGXX	- 0.0	DNCGX
TFGXX	- 0.0	USGFX

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Avantis International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USGFX	0.21	0.01	(0.19)	0.24	0.12	(0.27)	0.42	(0.34)	1.42
DNCGX	0.18	0.02	(0.18)	0.38	0.03	(0.24)	0.48	(0.32)	0.95
RGVJX	0.21	0.02	(0.17)	0.57	0.12	(0.26)	0.50	(0.34)	1.42
TFGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGVAX	0.20	0.01	(0.19)	0.38	0.11	(0.25)	0.50	(0.34)	1.43
TWACX	0.07	0.00	(0.50)	0.06	0.00	(0.15)	0.22	(0.11)	0.56

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