Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTECX Fund  USD 47.51  0.02  0.04%   
The current 90-days correlation between Gateway Fund Class and Fidelity Advisor Gold is -0.5 (i.e., Very good diversification). The correlation of Gateway 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.

Gateway Fund Correlation With Market

Very poor diversification

The correlation between Gateway Fund Class and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Fund Class and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gateway Fund Class. 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 main economic indicators.

Moving together with Gateway Mutual Fund

  0.99GCPAX Gateway Equity CallPairCorr
  0.99GCPNX Gateway Equity CallPairCorr
  1.0LGRRX Loomis Sayles GrowthPairCorr
  0.97VNVNX Vaughan Nelson ValuePairCorr
  0.76LIGYX Loomis Sayles InternPairCorr
  0.63NSFDX Natixis SustainablePairCorr
  0.82ESGYX Mirova Global SustainablePairCorr
  0.91NECZX Loomis Sayles StrategicPairCorr
  0.94NEFJX Vaughan Nelson SmallPairCorr
  0.97NEFOX Natixis OakmarkPairCorr
  0.99NEFSX Natixis Equity OpporPairCorr
  0.86NEFZX Loomis Sayles StrategicPairCorr
  0.99NESYX Natixis Equity OpporPairCorr
  1.0GATEX Gateway Fund ClassPairCorr
  1.0GTENX Gateway Fund ClassPairCorr
  1.0GTEYX Gateway Fund ClassPairCorr
  0.86JHQCX Jpmorgan Hedged EquityPairCorr
  0.87JHEQX Jpmorgan Hedged EquityPairCorr
  0.99JHQAX Jpmorgan Hedged EquityPairCorr
  0.99JHDCX Jpmorgan Hedged EquityPairCorr
  0.99JHDRX Jpmorgan Hedged EquityPairCorr
  0.88JHDAX Jpmorgan Hedged EquityPairCorr
  0.98BDBPX Ishares Russell 2000PairCorr
  0.89VTHRX Vanguard Target RetiPairCorr
  0.96VWIGX Vanguard InternationalPairCorr
  0.89TRROX T Rowe PricePairCorr
  0.98FBDTX American Funds 2025PairCorr
  0.86VEMIX Vanguard Emerging MarketsPairCorr
  0.97SMVTX Ridgeworth Ceredex MidPairCorr
  0.63CAEIX Calvert Global EnergyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gateway Mutual Fund performing well and Gateway 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 Gateway 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.

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