Calvert High Correlations

CHBCX Fund

USD 25.43 0.01 0.04%

The current 90-days correlation between Calvert High Yield and Msift High Yield is 0.77 (i.e., Poor diversification). The correlation of Calvert High 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.

Calvert High Correlation With Market

Very weak diversification

The correlation between Calvert High Yield 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 Calvert High Yield 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 Calvert High Yield. 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 private.

Moving together with Calvert Mutual Fund

0.7	CDHIX	Calvert Developed Market	Pair Corr
0.81	CDICX	Calvert Short Duration	Pair Corr
0.99	CYBAX	Calvert High Yield	Pair Corr
0.8	CMACX	Calvert Moderate All	Pair Corr
0.82	CAARX	Calvert Conservative	Pair Corr
0.66	CAEIX	Calvert Global Energy	Pair Corr
0.81	CSBCX	Calvert Bond Portfolio	Pair Corr
0.64	CSXCX	Calvert Large Cap	Pair Corr
0.81	VWEAX	Vanguard High Yield	Pair Corr
0.74	VWEHX	Vanguard High Yield	Pair Corr
0.85	BHYCX	Blackrock Hi Yld	Pair Corr
0.84	BHYIX	Blackrock High Yield	Pair Corr
0.82	BHYSX	Blackrock Hi Yld	Pair Corr
0.95	BHYAX	Blackrock High Yield	Pair Corr
0.84	FAHHX	American Funds American	Pair Corr
0.84	FTAHX	American Funds American	Pair Corr
0.8	AHTFX	American High Income	Pair Corr
0.81	AHTCX	American High Income	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VTSMX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.67	VGTSX	Vanguard Total Inter	Pair Corr
0.77	VTIAX	Vanguard Total Inter	Pair Corr
0.64	HSCCX	Eagle Small Cap	Pair Corr
0.69	PTIAX	Performance Trust	Pair Corr
0.66	TMBFX	Transamerica Intermediate	Pair Corr
0.76	PCNTX	Putnam Convertible	Pair Corr
0.7	OEGAX	Oppenheimer Discovery Mid	Pair Corr
0.69	AMFEX	Aama Equity Fund	Pair Corr

Moving against Calvert Mutual Fund

0.4

CMPAX

Calvert Small/mid-cap

Pair Corr

Related Correlations Analysis

	MRHYX	0P0000A2WI	ARTFX	CAYCX	JCTFX	FCQAX	CABIX
MRHYX		0.88	0.91	0.8	0.79	0.8	0.78	MRHYX
0P0000A2WI	0.88		0.95	0.92	0.91	0.93	0.88	0P0000A2WI
ARTFX	0.91	0.95		0.88	0.87	0.89	0.86	ARTFX
CAYCX	0.8	0.92	0.88		1.0	1.0	0.96	CAYCX
JCTFX	0.79	0.91	0.87	1.0		1.0	0.95	JCTFX
FCQAX	0.8	0.93	0.89	1.0	1.0		0.95	FCQAX
CABIX	0.78	0.88	0.86	0.96	0.95	0.95		CABIX
	MRHYX	0P0000A2WI	ARTFX	CAYCX	JCTFX	FCQAX	CABIX

Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert High 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 Calvert High'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
MRHYX	0.12	0.00	(0.28)	0.07	0.00	(0.17)	0.24	(0.23)	0.83
0P0000A2WI	0.14	0.02	(0.20)	(2.65)	0.00	(0.24)	0.30	(0.29)	1.01
ARTFX	0.10	0.00	(0.33)	0.07	0.00	(0.17)	0.22	(0.22)	0.76
CAYCX	0.15	0.06	(0.02)	1.18	0.00	(0.24)	0.42	(0.21)	0.96
JCTFX	0.18	0.06	(0.04)	7.39	0.00	(0.29)	0.46	(0.29)	1.21
FCQAX	0.14	0.06	(0.04)	3.93	0.00	(0.25)	0.41	(0.21)	1.06
CABIX	0.33	0.02	(0.04)	0.10	0.34	(0.35)	0.88	(0.55)	2.28

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC