Utilities Fund Correlations

BULIX Fund

USD 19.63 0.30 1.55%

The current 90-days correlation between Utilities Fund Investor and Real Estate Fund is 0.68 (i.e., Poor diversification). The correlation of Utilities Fund 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.

Utilities Fund Correlation With Market

Very weak diversification

The correlation between Utilities Fund Investor and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utilities Fund Investor 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 Utilities Fund Investor. 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 gross domestic product.

Moving together with Utilities Mutual Fund

0.93	D	Dominion Energy	Pair Corr
0.9	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.65	HE	Hawaiian Electric	Pair Corr
0.61	RNWWW	ReNew Energy Global	Pair Corr
0.78	ELPC	Companhia Paranaense	Pair Corr
0.85	ENLT	Enlight Renewable Energy	Pair Corr
0.63	AES	AES Aggressive Push	Pair Corr
0.79	AQN	Algonquin Power Utilities	Pair Corr
0.86	BEP	Brookfield Renewable	Pair Corr
0.86	BIP	Brookfield Infrastructure	Pair Corr
0.92	CEG	Constellation Energy Corp	Pair Corr
0.84	CIG	Companhia Energetica	Pair Corr
0.83	DTW	DTE Energy	Pair Corr

Moving against Utilities Mutual Fund

0.79	ED	Consolidated Edison	Pair Corr
0.7	WTRG	Essential Utilities	Pair Corr
0.38	FE	FirstEnergy	Pair Corr
0.37	SR	Spire Inc	Pair Corr
0.36	ATO	Atmos Energy	Pair Corr
0.79	CWT	California Water Service	Pair Corr
0.74	AVA	Avista	Pair Corr
0.73	EXC	Exelon	Pair Corr
0.68	CPK	Chesapeake Utilities	Pair Corr
0.62	BKH	Black Hills	Pair Corr
0.6	HTO	H2O America Symbol Change	Pair Corr
0.55	AWR	American States Water	Pair Corr
0.53	EIX	Edison International Earnings Call This Week	Pair Corr
0.5	CMS	CMS Energy Earnings Call This Week	Pair Corr
0.49	EDN	Empresa Distribuidora	Pair Corr
0.46	AWK	American Water Works	Pair Corr
0.38	DUK	Duke Energy	Pair Corr
0.36	CNP	CenterPoint Energy	Pair Corr

Related Correlations Analysis

	REACX	TWMIX	TWHIX	BGEIX	BIGRX
REACX		0.65	0.74	0.18	0.7	REACX
TWMIX	0.65		0.96	0.39	0.97	TWMIX
TWHIX	0.74	0.96		0.34	0.98	TWHIX
BGEIX	0.18	0.39	0.34		0.35	BGEIX
BIGRX	0.7	0.97	0.98	0.35		BIGRX
	REACX	TWMIX	TWHIX	BGEIX	BIGRX

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Risk-Adjusted Indicators

There is a big difference between Utilities Mutual Fund performing well and Utilities Fund 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 Utilities Fund'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
REACX	0.59	0.00	(0.07)	0.14	0.79	(0.64)	1.59	(1.26)	4.52
TWMIX	0.53	0.21	0.20	0.72	0.00	(0.65)	1.68	(1.01)	3.97
TWHIX	0.90	0.20	0.19	0.32	0.73	(1.09)	2.84	(1.60)	6.30
BGEIX	1.52	0.16	(0.04)	(0.04)	2.24	(1.48)	2.93	(3.50)	11.71
BIGRX	0.62	0.03	0.02	0.17	0.59	(0.72)	1.67	(1.20)	4.40

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