Gateway Fund Correlations

Mutual Funds . USA . 
Fund . Gateway Fund Class
GTECX Fund  USD 47.49  0.16  0.34%   
The current 90-days correlation between Gateway Fund Class and United Kingdom Small is 0.32 (i.e., Weak 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

Good diversification

The correlation between Gateway Fund Class and DJI is -0.2 (i.e., Good 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

  0.96NOANX Natixis OakmarkPairCorr
  0.98NOICX Natixis Oakmark IntePairCorr
  0.99GCPAX Gateway Equity CallPairCorr
  0.98GCPNX Gateway Equity CallPairCorr
  0.98GCPYX Gateway Equity CallPairCorr
  0.74LGANX Loomis Sayles LimitedPairCorr
  0.79LGBCX Loomis Sayles InvestmentPairCorr
  0.81LGBNX Loomis Sayles InvestmentPairCorr
  0.99LGMAX Loomis Sayles GlobalPairCorr
  0.99LGMCX Loomis Sayles GlobalPairCorr
  0.99LGMNX Loomis Sayles GlobalPairCorr
  0.99LGRCX Loomis Sayles GrowthPairCorr
  0.99LGRNX Loomis Sayles GrowthPairCorr
  1.0LGRRX Loomis Sayles GrowthPairCorr
  0.98VNSYX Vaughan Nelson SelectPairCorr
  0.99VNSCX Vaughan Nelson SelectPairCorr
  0.99VNSAX Vaughan Nelson SelectPairCorr
  0.99VNSNX Vaughan Nelson SelectPairCorr
  0.98VNVCX Vaughan Nelson ValuePairCorr
  0.98VNVAX Vaughan Nelson ValuePairCorr
  0.98VNVNX Vaughan Nelson ValuePairCorr
  0.96VNVYX Vaughan Nelson ValuePairCorr
  0.92LIGCX Loomis Sayles InternPairCorr
  0.79LIGAX Loomis Sayles InvestmentPairCorr
  0.82LIGRX Loomis Sayles InvestmentPairCorr
  0.83NRCFX Aew Real EstatePairCorr
  0.83NRFNX Aew Real EstatePairCorr
  0.83NRFYX Aew Real EstatePairCorr
  0.92NSFDX Natixis SustainablePairCorr
  0.94NSFEX Natixis SustainablePairCorr
  0.96VSCNX Vaughan Nelson SmallPairCorr
  0.97ESGYX Mirova Global SustainablePairCorr
  0.92NECZX Loomis Sayles StrategicPairCorr
  0.97NEFHX Loomis Sayles HighPairCorr
  0.93NEFZX Loomis Sayles StrategicPairCorr
  0.74NELYX Loomis Sayles LimitedPairCorr

Moving against Gateway Mutual Fund

  0.34AMFAX Asg Managed FuturesPairCorr

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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