Bond Fund Correlations

AABOX Fund

USD 8.49 0.07 0.83%

The current 90-days correlation between Bond Fund Class and Strategic Enhanced Yield is 0.93 (i.e., Almost no diversification). The correlation of Bond 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.

Bond Fund Correlation With Market

Very good diversification

The correlation between Bond Fund Class and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bond Fund Class and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bond Fund Class. 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 persons.

Moving together with Bond Mutual Fund

1.0	APBDX	Bond Fund Investor	Pair Corr
0.99	APENX	Strategic Enhanced Yield	Pair Corr
0.88	APSTX	Limited Duration	Pair Corr
0.87	AASTX	Limited Duration	Pair Corr
1.0	AIBNX	Bond Fund Institutional	Pair Corr
0.99	AIENX	Strategic Enhanced Yield	Pair Corr
0.87	AISTX	Limited Duration	Pair Corr
1.0	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
1.0	BFACX	Bond Fund	Pair Corr
1.0	FFBOX	American Funds	Pair Corr

Moving against Bond Mutual Fund

0.85	APWEX	World Energy	Pair Corr
0.85	AAWEX	World Energy	Pair Corr
0.85	ACWEX	World Energy	Pair Corr
0.72	AILIX	Cavanal Hill Hedged	Pair Corr
0.71	AALIX	Astonherndon Large Cap	Pair Corr
0.69	AAUSX	Cavanal Hill Ultra	Pair Corr
0.62	APUSX	Cavanal Hill Ultra	Pair Corr
0.85	AIWEX	World Energy	Pair Corr
0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.83	BAC	Bank of America Aggressive Push	Pair Corr
0.8	LTFOX	Lord Abbett Affiliated	Pair Corr
0.79	RQECX	Resq Dynamic Allocation	Pair Corr
0.77	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	APENX	APLIX	APSTX	APUSX	APWEX	AAENX	AALIX	AASTX
APENX		-0.67	0.9	-0.58	-0.82	1.0	-0.67	0.89	APENX
APLIX	-0.67		-0.41	0.64	0.89	-0.68	1.0	-0.39	APLIX
APSTX	0.9	-0.41		-0.27	-0.62	0.9	-0.41	0.99	APSTX
APUSX	-0.58	0.64	-0.27		0.74	-0.6	0.65	-0.24	APUSX
APWEX	-0.82	0.89	-0.62	0.74		-0.83	0.89	-0.59	APWEX
AAENX	1.0	-0.68	0.9	-0.6	-0.83		-0.68	0.89	AAENX
AALIX	-0.67	1.0	-0.41	0.65	0.89	-0.68		-0.38	AALIX
AASTX	0.89	-0.39	0.99	-0.24	-0.59	0.89	-0.38		AASTX
	APENX	APLIX	APSTX	APUSX	APWEX	AAENX	AALIX	AASTX

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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

AAENX	+ 1.0	APENX
AALIX	+ 1.0	APLIX
AASTX	+ 0.99	APSTX
APSTX	+ 0.9	APENX
AAENX	+ 0.9	APSTX
AASTX	+ 0.89	APENX

High negative correlations

AAENX	- 0.83	APWEX
APWEX	- 0.82	APENX
AALIX	- 0.68	AAENX
AAENX	- 0.68	APLIX
AALIX	- 0.67	APENX
APLIX	- 0.67	APENX

Risk-Adjusted Indicators

There is a big difference between Bond Mutual Fund performing well and Bond 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 Bond 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
APENX	0.19	(0.02)	0.00	0.55	0.00	0.00	0.34	(0.45)	1.11
APLIX	0.39	(0.03)	(0.14)	0.07	0.46	(0.44)	0.80	(0.95)	2.71
APSTX	0.09	0.00	(0.74)	0.24	0.11	(0.14)	0.22	(0.22)	0.65
APUSX	0.03	0.00	0.00	(0.31)	0.00	0.00	0.10	0.00	0.40
APWEX	0.89	0.10	0.08	0.21	0.95	(0.97)	2.01	(1.67)	5.80
AAENX	0.19	(0.02)	0.00	0.61	0.00	0.00	0.34	(0.57)	1.15
AALIX	0.35	(0.02)	(0.16)	0.08	0.35	(0.44)	0.64	(0.79)	2.63
AASTX	0.09	(0.01)	(0.75)	0.45	0.11	(0.13)	0.21	(0.22)	0.75

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