Us Vector Correlations

DFVEX Fund

USD 28.91 0.12 0.42%

The current 90-days correlation between Us Vector Equity and Pace International Equity is 0.37 (i.e., Weak diversification). The correlation of Us Vector 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.

Us Vector Correlation With Market

Almost no diversification

The correlation between Us Vector Equity and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Vector Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Us Vector 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 income.

Moving together with DFVEX Mutual Fund

0.94	DIHRX	Intal High Relative	Pair Corr
0.64	DIPSX	Dfa Inflation Protected	Pair Corr
0.91	DFUKX	United Kingdom Small	Pair Corr
0.96	TDIFX	Dimensional Retirement	Pair Corr
0.99	VMVAX	Vanguard Mid Cap	Pair Corr
0.98	JVMAX	John Hancock Disciplined	Pair Corr
1.0	JVMIX	John Hancock Disciplined	Pair Corr
0.99	VMVIX	Vanguard Mid Cap	Pair Corr
0.97	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.94	VETAX	Victory Sycamore Est	Pair Corr
0.94	PFN	Pimco Income Strategy	Pair Corr
0.95	CIF	Mfs Intermediate High	Pair Corr
0.93	PCF	Putnam High Income	Pair Corr
0.96	FEFAX	First Eagle Fund	Pair Corr
0.99	QNTAX	Quantex Fund Adviser	Pair Corr
0.99	SSHVX	Sound Shore Fund	Pair Corr
0.97	GEMEX	Gmo Emerging Markets	Pair Corr
0.97	AMFFX	American Mutual	Pair Corr
0.93	VMSSX	Virtus Multi Sector	Pair Corr
0.98	VSZFX	Voya Index Solution	Pair Corr
0.68	VMFXX	Vanguard Federal Money	Pair Corr
1.0	BDBKX	Blackrock Small Cap	Pair Corr
0.98	JGSRX	John Hancock Global	Pair Corr
0.99	FDMLX	Fidelity Series Intrinsic	Pair Corr
0.99	ACGCX	Income Growth	Pair Corr
0.96	VWILX	Vanguard International	Pair Corr
0.99	PARIX	T Rowe Price	Pair Corr
0.98	FUNCX	Pioneer Fundamental	Pair Corr
0.99	GDV	Gabelli Dividend Income	Pair Corr
0.97	CWSIX	Chartwell Small Cap	Pair Corr

Moving against DFVEX Mutual Fund

0.56	XDSMX	Dreyfus Strategic	Pair Corr
0.63	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	PWITX	MSTFX	FREIX	TOIIX	EEIFX	EEQAX	QLENX	RYRCX	SMNIX
PWITX		0.96	0.9	0.97	0.92	0.85	0.94	0.92	-0.56	PWITX
MSTFX	0.96		0.96	0.97	0.96	0.93	0.92	0.94	-0.63	MSTFX
FREIX	0.9	0.96		0.95	0.97	0.95	0.85	0.91	-0.76	FREIX
TOIIX	0.97	0.97	0.95		0.95	0.88	0.92	0.9	-0.68	TOIIX
EEIFX	0.92	0.96	0.97	0.95		0.92	0.87	0.92	-0.7	EEIFX
EEQAX	0.85	0.93	0.95	0.88	0.92		0.82	0.91	-0.64	EEQAX
QLENX	0.94	0.92	0.85	0.92	0.87	0.82		0.87	-0.41	QLENX
RYRCX	0.92	0.94	0.91	0.9	0.92	0.91	0.87		-0.54	RYRCX
SMNIX	-0.56	-0.63	-0.76	-0.68	-0.7	-0.64	-0.41	-0.54		SMNIX
	PWITX	MSTFX	FREIX	TOIIX	EEIFX	EEQAX	QLENX	RYRCX	SMNIX

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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

TOIIX	+ 0.97	PWITX
TOIIX	+ 0.97	MSTFX
EEIFX	+ 0.97	FREIX
MSTFX	+ 0.96	PWITX
FREIX	+ 0.96	MSTFX
EEIFX	+ 0.96	MSTFX

High negative correlations

SMNIX	- 0.76	FREIX
SMNIX	- 0.7	EEIFX
SMNIX	- 0.68	TOIIX
SMNIX	- 0.64	EEQAX
SMNIX	- 0.63	MSTFX
SMNIX	- 0.56	PWITX

Risk-Adjusted Indicators

There is a big difference between DFVEX Mutual Fund performing well and Us Vector 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 Us Vector'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
PWITX	0.49	0.11	(0.07)	0.59	0.31	(0.57)	1.03	(1.02)	2.66
MSTFX	0.53	0.23	(0.02)	(4.79)	0.15	(0.65)	1.57	(0.81)	3.37
FREIX	0.54	0.26	(0.02)	(1.17)	0.34	(0.62)	1.52	(0.71)	4.22
TOIIX	0.50	0.14	0.01	0.57	0.21	(0.60)	1.17	(0.87)	3.25
EEIFX	0.47	0.04	(0.04)	0.30	0.00	(0.59)	1.26	(0.80)	3.94
EEQAX	0.51	0.11	(0.21)	(0.57)	0.59	(0.54)	1.26	(0.90)	3.49
QLENX	0.32	0.14	(0.26)	(0.76)	0.15	(0.37)	0.67	(0.72)	1.99
RYRCX	0.71	0.29	0.00	(0.96)	0.64	(0.77)	1.64	(1.36)	6.70
SMNIX	0.44	(0.08)	0.00	1.05	0.00	0.00	0.84	(1.17)	2.88

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