Thrivent Diversified Correlations

THYFX Fund

USD 7.13 0.01 0.14%

The current 90-days correlation between Thrivent Diversified and Thrivent High Yield is 0.45 (i.e., Very weak diversification). The correlation of Thrivent Diversified 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.

Thrivent Diversified Correlation With Market

Poor diversification

The correlation between Thrivent Diversified Income and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Diversified Income and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thrivent Diversified Income. 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 census.

Moving together with Thrivent Mutual Fund

0.71	TWAAX	Thrivent Partner Wor	Pair Corr
0.72	TWAIX	Thrivent Partner Wor	Pair Corr
0.93	THLIX	Thrivent Limited Maturity	Pair Corr
0.82	THMAX	Thrivent Moderate	Pair Corr
0.97	AABFX	Thrivent Balanced Income	Pair Corr
0.98	AAINX	Thrivent Opportunity	Pair Corr
1.0	AAHYX	Thrivent Diversified	Pair Corr
0.84	AAMBX	Thrivent Municipal Bond	Pair Corr
0.78	AAUTX	Thrivent Large Cap	Pair Corr
0.78	TLVIX	Thrivent Large Cap	Pair Corr
0.96	TLVOX	Thrivent Low Volatility	Pair Corr
0.82	TMAIX	Thrivent Moderate	Pair Corr
0.97	IBBFX	Thrivent Balanced Income	Pair Corr
0.86	TMBIX	Thrivent Municipal Bond	Pair Corr
0.71	TMAFX	Thrivent Moderately	Pair Corr
0.7	TMAAX	Thrivent Moderately	Pair Corr
0.94	TMLDX	Thrivent Multidimensional	Pair Corr
0.97	LBHYX	Thrivent High Yield	Pair Corr
0.97	LBIIX	Thrivent Income	Pair Corr
0.97	LBHIX	Thrivent High Yield	Pair Corr
0.94	LBLAX	Thrivent Limited Maturity	Pair Corr
0.61	TAAAX	Thrivent Aggressive	Pair Corr
0.62	TAAIX	Thrivent Aggressive	Pair Corr
0.97	LUBIX	Thrivent Income	Pair Corr
0.93	TBFIX	Thrivent Government Bond	Pair Corr
0.97	IIINX	Thrivent Opportunity	Pair Corr
0.96	TCAAX	Thrivent Moderately	Pair Corr
0.97	TCAIX	Thrivent Moderately	Pair Corr

Related Correlations Analysis

	LBHIX	THLIX	THLCX	TMSIX	TMAIX
LBHIX		0.96	0.03	0.54	0.75	LBHIX
THLIX	0.96		-0.14	0.35	0.59	THLIX
THLCX	0.03	-0.14		0.42	0.65	THLCX
TMSIX	0.54	0.35	0.42		0.79	TMSIX
TMAIX	0.75	0.59	0.65	0.79		TMAIX
	LBHIX	THLIX	THLCX	TMSIX	TMAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

THLIX	+ 0.96	LBHIX
TMAIX	+ 0.79	TMSIX
TMAIX	+ 0.75	LBHIX
TMAIX	+ 0.65	THLCX
TMAIX	+ 0.59	THLIX
TMSIX	+ 0.54	LBHIX

High negative correlations

THLCX

- 0.14

THLIX

Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Diversified 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 Thrivent Diversified'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
LBHIX	0.16	0.05	(0.13)	0.51	0.00	(0.31)	0.24	(0.24)	1.44
THLIX	0.09	0.04	(0.60)	(0.58)	0.00	(0.15)	0.25	(0.16)	0.73
THLCX	0.91	(0.08)	(0.04)	0.03	1.41	(0.84)	2.06	(2.65)	5.51
TMSIX	0.83	(0.05)	(0.03)	0.06	1.09	(0.83)	2.11	(2.25)	4.78
TMAIX	0.43	(0.01)	(0.07)	0.09	0.52	(0.47)	0.87	(1.00)	2.77

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC