Real Return Correlations

Mutual Funds . USA . 
Fund . Real Return Fund
PRRIX Fund  USD 10.28  0.01  0.1%   
The current 90-days correlation between Real Return Fund and Wells Fargo Government is 0.08 (i.e., Significant diversification). The correlation of Real Return 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.

Real Return Correlation With Market

Average diversification

The correlation between Real Return Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Return Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Real Return Fund. 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 Real Mutual Fund

  0.67PFBPX Pimco Foreign BondPairCorr
  0.82PFCJX Pimco Preferred AndPairCorr
  0.82PFANX Pimco Capital SecPairCorr
  0.64PFIAX Pimco Floating IncomePairCorr
  0.66PFIIX Pimco Floating IncomePairCorr
  0.66PFIUX Pimco Unconstrained BondPairCorr
  0.62PFMIX Municipal BondPairCorr
  0.66PFNCX Pimco Floating IncomePairCorr
  0.69PFONX Pimco International BondPairCorr
  0.69PFORX Pimco Foreign BondPairCorr
  0.61PFNNX Pimco Preferred AndPairCorr
  0.64PFNIX Pimco Low DurationPairCorr
  0.7PFNUX Pimco Dynamic BondPairCorr
  0.65PFOAX Pimco Foreign BondPairCorr
  0.67PFOCX Pimco Foreign BondPairCorr
  0.66PFRAX Pimco Foreign BondPairCorr
  0.84PFRMX Pimco Inflation ResponsePairCorr
  0.82PFPNX Pimco Capital SecPairCorr
  0.64PFTPX Pimco Floating IncomePairCorr
  0.67PFRRX Pimco Foreign BondPairCorr
  0.85PFSIX Pimco Emerging MarketsPairCorr
  0.66PFUUX Pimco Foreign BondPairCorr
  0.62PFUAX Foreign BondPairCorr
  0.66PFUIX Foreign BondPairCorr
  0.66PFUNX Pimco International BondPairCorr
  0.66PFUPX Pimco Foreign BondPairCorr
  0.91PGBIX Global Bond FundPairCorr
  0.76PGAIX Pimco Global MultiPairCorr

Moving against Real Mutual Fund

  0.7PWLBX Pimco Rae WorldwidePairCorr
  0.38PWLEX Pimco Rae WorldwidePairCorr
  0.32PWLMX Pimco Rae WorldwidePairCorr
  0.31PWLIX Pimco Rae WorldwidePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Return 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 Real Return'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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