American Beacon Correlations

ASCIX Fund

USD 21.00 0.02 0.1%

The current 90-days correlation between American Beacon Small and Vanguard Total Bond is 0.54 (i.e., Very weak diversification). The correlation of American Beacon 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.

American Beacon Correlation With Market

Very good diversification

The correlation between American Beacon Small and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Small 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 American Beacon Small. 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 gross domestic product.

Moving against American Mutual Fund

0.66	ANFFX	New Economy Fund	Pair Corr
0.62	VTSAX	Vanguard Total Stock	Pair Corr
0.62	VITSX	Vanguard Total Stock	Pair Corr
0.62	VSMPX	Vanguard Total Stock	Pair Corr
0.62	VSTSX	Vanguard Total Stock	Pair Corr
0.61	VTSMX	Vanguard Total Stock	Pair Corr
0.6	VFFSX	Vanguard 500 Index	Pair Corr
0.58	CUSEX	Capital Group Equity	Pair Corr
0.56	SDLAX	Siit Dynamic Asset	Pair Corr
0.55	VFINX	Vanguard 500 Index	Pair Corr
0.54	VFIAX	Vanguard 500 Index	Pair Corr
0.52	FAXTX	American Funds 2065	Pair Corr
0.52	IRSNX	Voya Target Retirement	Pair Corr
0.5	BHSRX	Blackrock Health Sciences	Pair Corr
0.5	WMCVX	Wasatch Small Cap	Pair Corr
0.46	SRJCX	Jpmorgan Smartretirement	Pair Corr
0.42	PHYEX	Pgim High Yield	Pair Corr
0.39	FFFHX	Fidelity Freedom 2050	Pair Corr
0.37	JDINX	Janus Overseas	Pair Corr
0.65	VQNPX	Vanguard Growth And	Pair Corr
0.64	LHYOX	Lord Abbett High	Pair Corr
0.6	VGIAX	Vanguard Growth And	Pair Corr
0.59	PRRCX	Pioneer Flexible Opp	Pair Corr
0.58	SBCCX	Moderately Servative	Pair Corr
0.56	GBAYX	Balanced Allocation	Pair Corr
0.55	VOLJX	Abr 7525 Volatility	Pair Corr
0.54	DNVYX	Davis New York	Pair Corr
0.54	VPCCX	Vanguard Primecap	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSMPX	VSTSX	VTIAX	VFINX	VFFSX	VBTLX
VTSAX		0.78	1.0	1.0	1.0	1.0	0.64	0.77	0.99	0.28	VTSAX
VFIAX	0.78		0.78	0.78	0.78	0.78	0.52	1.0	0.78	0.25	VFIAX
VTSMX	1.0	0.78		1.0	1.0	1.0	0.63	0.77	0.99	0.28	VTSMX
VITSX	1.0	0.78	1.0		1.0	1.0	0.64	0.77	0.99	0.28	VITSX
VSMPX	1.0	0.78	1.0	1.0		1.0	0.64	0.77	0.99	0.28	VSMPX
VSTSX	1.0	0.78	1.0	1.0	1.0		0.64	0.77	0.99	0.28	VSTSX
VTIAX	0.64	0.52	0.63	0.64	0.64	0.64		0.52	0.59	0.81	VTIAX
VFINX	0.77	1.0	0.77	0.77	0.77	0.77	0.52		0.77	0.24	VFINX
VFFSX	0.99	0.78	0.99	0.99	0.99	0.99	0.59	0.77		0.24	VFFSX
VBTLX	0.28	0.25	0.28	0.28	0.28	0.28	0.81	0.24	0.24		VBTLX
	VTSAX	VFIAX	VTSMX	VITSX	VSMPX	VSTSX	VTIAX	VFINX	VFFSX	VBTLX

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Beacon 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 American Beacon'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
VTSAX	0.55	0.07	(0.01)	(0.83)	0.64	(0.59)	1.05	(1.14)	3.73
VFIAX	0.50	(0.01)	(0.05)	0.05	0.65	(0.52)	0.88	(1.16)	3.53
VTSMX	0.54	0.07	(0.01)	(0.77)	0.63	(0.60)	1.05	(1.14)	3.74
VITSX	0.54	0.07	(0.01)	(0.77)	0.63	(0.60)	1.05	(1.13)	3.73
VSMPX	0.54	0.07	(0.01)	(0.77)	0.63	(0.60)	1.05	(1.14)	3.73
VSTSX	0.55	0.07	(0.01)	(0.84)	0.64	(0.59)	1.05	(1.14)	3.74
VTIAX	0.55	0.25	0.24	(2.05)	0.20	(0.65)	1.47	(1.18)	4.10
VFINX	0.51	(0.02)	(0.05)	0.05	0.66	(0.51)	0.91	(1.16)	3.53
VFFSX	0.53	0.07	(0.02)	(0.71)	0.63	(0.55)	0.92	(1.16)	3.61
VBTLX	0.14	0.01	(0.26)	0.23	0.00	(0.18)	0.31	(0.31)	0.62

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American Beacon Correlations

American Beacon Correlation With Market

Very good diversification

Moving against American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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