Utilities Fund Correlations

RYUIX Fund

USD 68.14 0.27 0.40%

The current 90-days correlation between Utilities Fund Investor and Cullen Value Fund is 0.54 (i.e., Very weak diversification). The correlation of Utilities 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.

Utilities Fund Correlation With Market

Weak diversification

The correlation between Utilities Fund Investor and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utilities Fund Investor 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 Utilities Fund Investor. 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 Utilities Mutual Fund

0.75	RYBOX	Biotechnology Fund Class	Pair Corr
0.7	RYABX	Government Long Bond	Pair Corr
0.84	RYAEX	Europe 125x Strategy	Pair Corr
1.0	RYAUX	Utilities Fund Class	Pair Corr
0.76	RYATX	Nasdaq 100 Fund	Pair Corr
0.72	RYANX	Nova Fund Class	Pair Corr
0.67	RYDHX	Dow Jones Industrial	Pair Corr
0.66	RYDKX	Dow Jones Industrial	Pair Corr
0.75	RYCFX	Biotechnology Fund Class	Pair Corr
0.83	RYCEX	Europe 125x Strategy	Pair Corr
0.75	RYCHX	Technology Fund Class	Pair Corr
0.69	RYCGX	Government Long Bond	Pair Corr
0.74	RYCCX	Nasdaq 100 2x	Pair Corr

Moving against Utilities Mutual Fund

0.76	RYACX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.75	RYAIX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.75	RYALX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.69	RYARX	Inverse Sp 500	Pair Corr
0.61	RYBKX	Banking Fund Class	Pair Corr
0.58	RYAFX	Inverse Russell 2000	Pair Corr
0.75	RYAPX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.63	RYAQX	Inverse Government Long	Pair Corr
0.51	RYAVX	Sp Midcap 400	Pair Corr
0.77	RYCDX	Rydex Inverse Nasdaq Steady Growth	Pair Corr
0.72	RYCBX	Inverse Sp 500 Steady Growth	Pair Corr
0.64	RYCWX	Inverse Dow 2x Steady Growth	Pair Corr
0.62	RYCPX	Consumer Products	Pair Corr
0.61	RYCAX	Consumer Products	Pair Corr
0.61	RYCIX	Consumer Products	Pair Corr

Related Correlations Analysis

	CVLEX	RYBIX	RYBAX	MUNDX	RSJN	RYBMX	AFALX	TGFRX	ADVGX	PCIG
CVLEX		0.71	0.7	0.79	0.76	0.7	-0.06	0.72	-0.31	0.53	CVLEX
RYBIX	0.71		1.0	0.4	0.65	1.0	-0.03	0.59	0.05	0.59	RYBIX
RYBAX	0.7	1.0		0.39	0.65	1.0	-0.02	0.58	0.06	0.59	RYBAX
MUNDX	0.79	0.4	0.39		0.36	0.39	-0.38	0.81	-0.73	0.19	MUNDX
RSJN	0.76	0.65	0.65	0.36		0.65	0.38	0.36	0.2	0.74	RSJN
RYBMX	0.7	1.0	1.0	0.39	0.65		-0.02	0.58	0.06	0.59	RYBMX
AFALX	-0.06	-0.03	-0.02	-0.38	0.38	-0.02		-0.57	0.54	-0.05	AFALX
TGFRX	0.72	0.59	0.58	0.81	0.36	0.58	-0.57		-0.62	0.44	TGFRX
ADVGX	-0.31	0.05	0.06	-0.73	0.2	0.06	0.54	-0.62		0.31	ADVGX
PCIG	0.53	0.59	0.59	0.19	0.74	0.59	-0.05	0.44	0.31		PCIG
	CVLEX	RYBIX	RYBAX	MUNDX	RSJN	RYBMX	AFALX	TGFRX	ADVGX	PCIG

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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

RYBAX	+ 1.0	RYBIX
RYBMX	+ 1.0	RYBIX
RYBMX	+ 1.0	RYBAX
TGFRX	+ 0.81	MUNDX
MUNDX	+ 0.79	CVLEX
RSJN	+ 0.76	CVLEX

High negative correlations

ADVGX	- 0.73	MUNDX
ADVGX	- 0.62	TGFRX
TGFRX	- 0.57	AFALX
AFALX	- 0.38	MUNDX
ADVGX	- 0.31	CVLEX
AFALX	- 0.06	CVLEX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CVLEX	0.52	0.00	(0.02)	0.04	0.66	(0.52)	0.99	(1.04)	3.41
RYBIX	0.96	0.00	0.00	0.04	1.20	(0.93)	2.08	(2.00)	5.70
RYBAX	0.96	0.00	0.00	0.04	1.21	(0.93)	2.06	(2.01)	5.72
MUNDX	0.56	0.11	0.15	0.17	0.50	(0.65)	1.41	(0.89)	3.90
RSJN	0.34	(0.03)	(0.10)	(0.01)	0.45	(0.36)	0.78	(0.77)	2.56
RYBMX	0.96	0.00	0.00	0.04	1.21	(0.93)	2.07	(2.00)	5.69
AFALX	0.52	(0.02)	(0.05)	0.01	0.64	(0.55)	1.02	(0.91)	3.79
TGFRX	1.46	0.21	0.12	0.19	1.74	(1.48)	3.46	(3.01)	11.73
ADVGX	0.89	(0.16)	0.00	(0.10)	0.00	0.00	1.85	(1.94)	6.42
PCIG	0.81	(0.13)	0.00	(0.07)	0.00	0.00	1.42	(2.05)	4.74

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