Avantis International Correlations

Mutual Funds . USA . 
Fund . Avantis International Equity
AVDNX Fund  USD 12.24  0.04  0.33%   
The current 90-days correlation between Avantis International and Vanguard Total International is 0.98 (i.e., Almost no diversification). The correlation of Avantis International 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.

Avantis International Correlation With Market

Very weak diversification

The correlation between Avantis International Equity and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Equity 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 Avantis International Equity. 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 board of governors.

Moving together with Avantis Mutual Fund

  0.86AVANX Avantis InternationalPairCorr
  0.69AVBNX American Century EtfPairCorr
  1.0AVDEX Avantis InternationalPairCorr
  0.86AVDVX Avantis InternationalPairCorr
  0.68AVIGX American Century EtfPairCorr
  0.92VGTSX Vanguard Total InterPairCorr
  0.91VTIAX Vanguard Total InterPairCorr
  0.91VTSNX Vanguard Total InterPairCorr
  0.78VTPSX Vanguard Total InterPairCorr
  0.91VTISX Vanguard Total InterPairCorr
  0.9VTMGX Vanguard DevelopedPairCorr
  0.99VDVIX Vanguard DevelopedPairCorr
  0.9VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.9FSPSX Fidelity InternationalPairCorr
  0.78NHS Neuberger Berman HighPairCorr

Moving against Avantis Mutual Fund

  0.4AVLVX American Century EtfPairCorr
  0.4AVUSX Avantis EquityPairCorr
  0.4ALCEX Avantis Large CapPairCorr
  0.39AVCNX American Century EtfPairCorr
  0.39AVUVX Avantis Small CapPairCorr
  0.34AVUNX Avantis EquityPairCorr
  0.59EGLAX Eagle Mlp StrategyPairCorr
  0.46RLSIX Riverpark Long/shortPairCorr
  0.45VIGAX Vanguard Growth IndexPairCorr
  0.41AMEIX Equity GrowthPairCorr
  0.39FNILX Fidelity Zero LargePairCorr
  0.37VFINX Vanguard 500 IndexPairCorr
  0.35MRLSX Amg Renaissance LargePairCorr

Related Correlations Analysis

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