Swan Defined Correlations
SDRCX Fund | USD 14.33 0.04 0.28% |
The current 90-days correlation between Swan Defined Risk and Fidelity Advisor Energy is 0.12 (i.e., Average diversification). The correlation of Swan Defined 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.
Swan Defined Correlation With Market
Almost no diversification
The correlation between Swan Defined Risk and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swan Defined Risk and DJI in the same portfolio, assuming nothing else is changed.
Swan |
Moving together with Swan Mutual Fund
1.0 | SDACX | Swan Defined Risk | PairCorr |
0.98 | SDAAX | Swan Defined Risk | PairCorr |
0.98 | SDAIX | Swan Defined Risk | PairCorr |
0.99 | SDRAX | Swan Defined Risk | PairCorr |
1.0 | SDRIX | Swan Defined Risk | PairCorr |
0.97 | JHQCX | Jpmorgan Hedged Equity | PairCorr |
0.97 | JHEQX | Jpmorgan Hedged Equity | PairCorr |
0.96 | JHQAX | Jpmorgan Hedged Equity | PairCorr |
0.99 | GTENX | Gateway Fund Class | PairCorr |
0.97 | GTECX | Gateway Fund Class | PairCorr |
0.99 | GTEYX | Gateway Fund Class | PairCorr |
0.97 | GATEX | Gateway Fund Class | PairCorr |
0.96 | JHDCX | Jpmorgan Hedged Equity | PairCorr |
0.96 | JHDRX | Jpmorgan Hedged Equity | PairCorr |
0.97 | JHDAX | Jpmorgan Hedged Equity | PairCorr |
0.98 | VSTSX | Vanguard Total Stock | PairCorr |
0.98 | VSMPX | Vanguard Total Stock | PairCorr |
0.99 | VITSX | Vanguard Total Stock | PairCorr |
0.98 | VFFSX | Vanguard 500 Index | PairCorr |
0.99 | VFIAX | Vanguard 500 Index | PairCorr |
0.96 | VTISX | Vanguard Total Inter | PairCorr |
0.96 | VTSNX | Vanguard Total Inter | PairCorr |
0.98 | VTPSX | Vanguard Total Inter | PairCorr |
0.99 | VINIX | Vanguard Institutional | PairCorr |
0.97 | VTSAX | Vanguard Total Stock | PairCorr |
0.93 | MXJVX | Great West Mfs | PairCorr |
0.98 | CMEUX | Six Circles Managed | PairCorr |
0.95 | FTXSX | Fuller Thaler Behavioral | PairCorr |
0.99 | VCGAX | Growth Income | PairCorr |
0.96 | STILX | Federated Strategic | PairCorr |
0.74 | ITBFX | Hartford Total | PairCorr |
0.93 | BTMFX | Boston Trust Midcap | PairCorr |
0.99 | CSXRX | Calvert Large Cap | PairCorr |
0.94 | ASISX | Invesco Asia Pacific | PairCorr |
0.96 | AAGOX | Alger Large Cap | PairCorr |
0.77 | TWARX | Short Term Government | PairCorr |
0.94 | FGULX | Federated Government | PairCorr |
0.93 | HWGAX | Hotchkis Wiley Global | PairCorr |
0.67 | POMCX | Pacific Funds Portfolio | PairCorr |
Related Correlations Analysis
0.92 | 0.94 | 0.86 | 0.94 | 0.94 | 0.97 | FIKAX | ||
0.92 | 0.9 | 0.92 | 0.93 | 0.96 | 0.94 | SEPIX | ||
0.94 | 0.9 | 0.92 | 0.98 | 0.9 | 0.98 | AIWEX | ||
0.86 | 0.92 | 0.92 | 0.94 | 0.84 | 0.94 | ALTEX | ||
0.94 | 0.93 | 0.98 | 0.94 | 0.91 | 0.99 | IGNAX | ||
0.94 | 0.96 | 0.9 | 0.84 | 0.91 | 0.92 | BACCX | ||
0.97 | 0.94 | 0.98 | 0.94 | 0.99 | 0.92 | DNLAX | ||
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Risk-Adjusted Indicators
There is a big difference between Swan Mutual Fund performing well and Swan Defined 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 Swan Defined'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FIKAX | 1.00 | 0.20 | 0.01 | 2.48 | 0.90 | 2.33 | 5.04 | |||
SEPIX | 0.73 | 0.05 | (0.08) | 0.32 | 0.63 | 1.56 | 3.53 | |||
AIWEX | 0.86 | 0.39 | 0.17 | (10.81) | 0.55 | 2.09 | 4.93 | |||
ALTEX | 1.13 | 0.37 | 0.28 | 0.60 | 0.73 | 2.69 | 7.39 | |||
IGNAX | 0.75 | 0.26 | 0.09 | (26.93) | 0.25 | 1.88 | 3.09 | |||
BACCX | 0.81 | 0.08 | (0.10) | 0.66 | 0.84 | 1.55 | 3.87 | |||
DNLAX | 0.91 | 0.29 | 0.12 | 3.68 | 0.54 | 2.34 | 4.94 |