My529 Total Correlations

Mutual Funds USA . 
Fund . My529 Total Stock
UTVTX Fund  USD 15.86  0.02  0.13%   
The current 90-days correlation between My529 Total Stock and Vanguard Total Stock is 0.99 (i.e., No risk reduction). The correlation of My529 Total 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.

My529 Total Correlation With Market

Very poor diversification

The correlation between My529 Total Stock and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding My529 Total Stock 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 My529 Total Stock. 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 manufacturing.

Moving together with My529 Mutual Fund

  1.0VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  0.92VTIAX Vanguard Total InterPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.92VGTSX Vanguard Total InterPairCorr
  0.94MTCAX Mfs TechnologyPairCorr
  0.86LMLSX Clearbridge Large CapPairCorr
  0.68GSZIX Goldman Sachs StrategicPairCorr
  0.72ABYCX Abbey Capital FuturesPairCorr
  0.81PFJAX Putnam High YieldPairCorr
  0.8IEMSX Abs Insights EmergingPairCorr
  0.65DCIOX Dunham InternationalPairCorr
  0.93VTPSX Vanguard Total InterPairCorr
  0.68CAYCX California High YieldPairCorr
  0.84BRKCX Mfs Blended ResearchPairCorr
  0.9PGKRX Pgim Jennison TechnologyPairCorr
  0.62JNGTX Janus Global TechnologyPairCorr
  0.99FFFGX Fidelity Freedom 2045PairCorr
  0.65NUSAX Nationwide GovernmentPairCorr
  0.85BTBFX Boston Trust AssetPairCorr
  0.64HYMCX Lord Abbett HighPairCorr
  0.96AREVX One Choice 2055PairCorr
  0.93TRGOX T Rowe PricePairCorr
  0.79ASCGX Lebenthal Lisanti SmallPairCorr
  0.99BSPGX Ishares Sp 500PairCorr
  0.69FIJBX Fidelity CaliforniaPairCorr
  0.97JILGX Multimanager LifestylePairCorr
  0.99NCBGX New Enant BalancedPairCorr
  0.78FCSRX Fidelity Strategic RealPairCorr
  0.81EVT Eaton Vance TaxPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between My529 Mutual Fund performing well and My529 Total 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 My529 Total'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.55  0.01  0.01  0.08  0.84 
(0.52)
 1.15 
(1.22)
 3.67 
VFIAX  0.53  0.02  0.01  0.09  0.77 
(0.51)
 1.23 
(1.17)
 3.55 
VTSMX  0.55  0.01  0.01  0.08  0.84 
(0.52)
 1.15 
(1.22)
 3.65 
VITSX  0.55  0.01  0.01  0.08  0.82 
(0.53)
 1.14 
(1.22)
 3.65 
VSTSX  0.55  0.01  0.01  0.08  0.84 
(0.52)
 1.15 
(1.22)
 3.66 
VSMPX  0.55  0.01  0.01  0.08  0.84 
(0.52)
 1.15 
(1.22)
 3.66 
VTIAX  0.54  0.03  0.02  0.11  0.71 
(0.57)
 1.03 
(1.10)
 3.37 
VFINX  0.53  0.02  0.01  0.09  0.77 
(0.51)
 1.23 
(1.17)
 3.55 
VFFSX  0.54  0.02  0.01  0.09  0.79 
(0.51)
 1.23 
(1.17)
 3.55 
VGTSX  0.54  0.03  0.02  0.11  0.71 
(0.57)
 1.04 
(1.08)
 3.39 

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