Icon Bond Competition

IOBZX Fund

USD 8.60 0.01 0.12%

Icon Bond Fund competes with Oppenheimer Gold, Fidelity Advisor, Goldman Sachs, Gold Portfolio, and Sprott Gold; as well as few others. The fund is listed under Multisector Bond category and is part of ICON Funds family. Analyzing Icon Bond competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Icon Bond to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Icon Bond Correlation with its peers.

Icon Bond vs Franklin Gold Correlation

Almost no diversification

The correlation between Icon Bond Fund and FRGOX is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icon Bond Fund and FRGOX in the same portfolio, assuming nothing else is changed.

Moving together with Icon Mutual Fund

0.99	IOBAX	Icon Bond Fund	Pair Corr
0.89	IOEZX	Icon Equity Income	Pair Corr
0.88	IOLZX	Icon Long/short Steady Growth	Pair Corr
0.87	ISTAX	Icon Long/short Steady Growth	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
8.49	8.60	8.71

Details

Intrinsic

Valuation

Low	Real	High
7.79	7.90	9.46

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icon Bond. Your research has to be compared to or analyzed against Icon Bond's peers to derive any actionable benefits. When done correctly, Icon Bond's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Icon Bond Fund.

Icon Bond Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Icon Bond and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Icon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Icon Bond Fund does not affect the price movement of the other competitor.

	OGMCX	FGDIX	GCEBX	FGDAX	XGGNX	SGDLX	FRGOX
OGMCX		1.0	0.79	0.99	0.99	1.0	0.99	OGMCX
FGDIX	1.0		0.79	0.99	0.99	1.0	0.99	FGDIX
GCEBX	0.79	0.79		0.78	0.81	0.77	0.78	GCEBX
FGDAX	0.99	0.99	0.78		0.98	0.99	0.99	FGDAX
XGGNX	0.99	0.99	0.81	0.98		0.99	0.99	XGGNX
SGDLX	1.0	1.0	0.77	0.99	0.99		1.0	SGDLX
FRGOX	0.99	0.99	0.78	0.99	0.99	1.0		FRGOX
	OGMCX	FGDIX	GCEBX	FGDAX	XGGNX	SGDLX	FRGOX

Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Bond 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 Icon Bond'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
OGMCX	1.89	0.38	0.12	0.38	2.70	(1.95)	4.50	(4.24)	16.71
FGDIX	1.98	0.40	0.12	0.39	2.77	(2.12)	4.65	(4.45)	17.37
GCEBX	0.81	0.10	0.07	0.23	0.93	(0.92)	2.20	(1.18)	6.03
FGDAX	1.99	0.46	0.13	0.83	2.77	(2.11)	4.68	(4.44)	17.38
XGGNX	0.82	0.21	0.11	0.59	0.95	(0.91)	1.93	(1.44)	7.09
SGDLX	1.95	0.40	0.13	0.45	2.70	(2.15)	4.65	(3.99)	17.67
FRGOX	2.03	0.46	0.15	0.49	2.63	(2.18)	4.97	(4.60)	16.65

Icon Bond Competitive Analysis

The better you understand Icon Bond competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Icon Bond's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Icon Bond's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	IOBZX	OGMCX	FGDIX	GCEBX	FGDAX	XGGNX	SGDLX	FRGOX
	0.12 8.60 Icon	4.72 58.61 Oppenheimer	4.93 66.47 Fidelity	1.46 12.48 Goldman	4.92 63.98 GOLD	1.56 5.86 Gamco	4.93 140.61 Sprott	3.98 43.08 Franklin
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Good	Good	Fair	Good	Good	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Fair	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Hold	Strong Hold	Strong Buy	Strong Hold	Strong Buy	Buy	Strong Hold
Net Asset	154.84 M	4.23 B	1.06 B	85.53 M	1.06 B	N/A	1.94 B	2.97 B
Minimum Initial Investment	1 K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	1.39 X	1.30 X	N/A	1.30 X	N/A	N/A	1.28 X
Five Year Return	4.26 %	23.73 %	22.79 %	N/A	23.78 %	N/A	22.03 %	27.29 %
One Year Return	5.94 %	100.00 %	100.00 %	N/A	100.00 %	N/A	100.00 %	100.00 %
Last Dividend Paid	0.03	0.26	1.13	0.08	1.07	0.05	N/A	2.32
Price To Earning	N/A	17.05 X	27.34 X	N/A	27.34 X	N/A	N/A	18.89 X
Price To Sales	N/A	1.93 X	2.35 X	N/A	2.35 X	N/A	N/A	1.20 X
Cash Position Weight	10.51 %	1.54 %	0.91 %	0.41 %	0.91 %	N/A	0.54 %	0.37 %
Equity Positions Weight	2.10 %	98.26 %	98.29 %	99.59 %	98.29 %	N/A	82.84 %	99.41 %
Three Year Return	7.06 %	44.16 %	45.40 %	N/A	46.16 %	N/A	48.98 %	56.63 %
Annual Yield	0.07 %	N/A	0.02 %	0.01 %	0.02 %	N/A	N/A	0.12 %
Year To Date Return	0.93 %	25.23 %	24.94 %	N/A	26.63 %	N/A	11.00 %	23.52 %
Bond Positions Weight	70.52 %	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	3.54 %	(2.82) %	(2.73) %	N/A	(3.05) %	N/A	(2.26) %	(4.33) %
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	8.6	58.61	66.47	12.48	63.98	5.86	140.61	43.08
Period Momentum Indicator	0.01	2.64	3.12	0.18	3.0	0.09	6.6	1.65
Rate Of Daily Change	1.0	1.05	1.05	1.01	1.05	1.02	1.05	1.04
Day Median Price	8.6	58.61	66.47	12.48	63.98	5.86	140.61	43.08
Price Action Indicator	0.005	1.32	1.56	0.09	1.5	0.045	3.3	0.82
Coefficient Of Variation	514.78	562.6	556.22	663.74	555.68	459.93	558.19	507.86
Mean Deviation	0.0709	1.89	1.98	0.8083	1.99	0.8167	1.95	2.03
Jensen Alpha	0.0063	0.3775	0.4047	0.098	0.4587	0.2053	0.4043	0.4636
Total Risk Alpha	5.0E-4	0.2065	0.2227	0.0456	0.2231	0.1248	0.2149	0.2712
Sortino Ratio	(0.28)	0.1168	0.1248	0.066	0.1277	0.1112	0.1261	0.1459
Downside Variance	0.0616	11.63	11.73	1.19	11.21	2.01	10.69	10.6
Standard Deviation	0.1099	2.75	2.88	1.07	2.87	1.14	2.8	2.87
Kurtosis	12.82	4.88	3.74	1.73	3.78	3.21	4.67	2.99
Potential Upside	0.1178	4.5	4.65	2.2	4.68	1.93	4.65	4.97
Treynor Ratio	0.1777	0.3793	0.3945	0.2253	0.8311	0.5929	0.4476	0.4851
Maximum Drawdown	0.8148	16.71	17.37	6.03	17.38	7.09	17.67	16.65
Variance	0.0121	7.54	8.27	1.15	8.26	1.29	7.85	8.23
Market Risk Adjusted Performance	0.1877	0.3893	0.4045	0.2353	0.8411	0.6029	0.4576	0.4951
Risk Adjusted Performance	0.0932	0.1503	0.1521	0.1239	0.1522	0.1781	0.1515	0.1658
Skewness	(2.36)	(1.43)	(1.20)	(0.26)	(1.20)	(0.96)	(1.32)	(1.04)
Semi Deviation	0.0	2.7	2.77	0.9301	2.77	0.9531	2.7	2.63
Information Ratio	(0.62)	0.1451	0.1486	0.0671	0.1488	0.1385	0.1471	0.1656
Value At Risk	(0.12)	(4.24)	(4.45)	(1.18)	(4.44)	(1.44)	(3.99)	(4.60)
Expected Short fall	(0.13)	(1.95)	(2.12)	(0.92)	(2.11)	(0.91)	(2.15)	(2.18)
Downside Deviation	0.2482	3.41	3.43	1.09	3.35	1.42	3.27	3.26
Semi Variance	(0.01)	7.27	7.68	0.8652	7.65	0.9084	7.27	6.93

Icon Bond Competition Performance Charts

Five steps to successful analysis of Icon Bond Competition

Icon Bond's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Icon Bond Fund in relation to its competition. Icon Bond's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Icon Bond in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Icon Bond's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Icon Bond Fund, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Icon Bond position

In addition to having Icon Bond in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Junk Bonds Funds Thematic Idea Now

Junk Bonds Funds

Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds Funds theme has 40 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Junk Bonds Funds Theme or any other thematic opportunities.

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Other Information on Investing in Icon Mutual Fund

Icon Bond financial ratios help investors to determine whether Icon Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Icon with respect to the benefits of owning Icon Bond security.

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