Calvert Emerging Correlations

CEFAX Fund

USD 16.91 0.04 0.24%

The current 90-days correlation between Calvert Emerging Markets and Western Asset High is 0.21 (i.e., Modest diversification). The correlation of Calvert Emerging 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.

Calvert Emerging Correlation With Market

Poor diversification

The correlation between Calvert Emerging Markets and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Emerging Markets 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 Calvert Emerging Markets. 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 nation.

Moving together with Calvert Mutual Fund

0.84	VEMAX	Vanguard Emerging Markets	Pair Corr
0.84	VEIEX	Vanguard Emerging Markets	Pair Corr
0.84	VEMIX	Vanguard Emerging Markets	Pair Corr
0.83	VEMRX	Vanguard Emerging Markets	Pair Corr
0.75	NEWFX	New World Fund	Pair Corr
0.73	NWFFX	New World Fund	Pair Corr
0.73	NEWCX	New World Fund	Pair Corr
0.73	FWWNX	American Funds New	Pair Corr
0.73	FNFWX	American Funds New	Pair Corr
0.74	PDI	Pimco Dynamic Income	Pair Corr
0.73	BA	Boeing	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.71	INTC	Intel Aggressive Push	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr

Moving against Calvert Mutual Fund

0.66	CESGX	Coho Relative Value	Pair Corr
0.6	UIPIX	Ultrashort Mid Cap	Pair Corr
0.57	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.56	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.36	TCSUX	Cleartrack 2020 Class	Pair Corr
0.32	TCTGX	Transamerica Cleartrack	Pair Corr
0.32	TDKTX	Cleartrack 2015 Class	Pair Corr
0.32	TCTJX	Transamerica Cleartrack	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.48	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CABIX	MAANX	ATPAX	CBSYX	AGDAX	VASGX	WAHSX
CABIX		0.94	0.88	1.0	0.89	0.93	0.88	CABIX
MAANX	0.94		0.91	0.94	0.94	0.99	0.94	MAANX
ATPAX	0.88	0.91		0.88	0.98	0.9	0.93	ATPAX
CBSYX	1.0	0.94	0.88		0.89	0.93	0.88	CBSYX
AGDAX	0.89	0.94	0.98	0.89		0.93	0.95	AGDAX
VASGX	0.93	0.99	0.9	0.93	0.93		0.94	VASGX
WAHSX	0.88	0.94	0.93	0.88	0.95	0.94		WAHSX
	CABIX	MAANX	ATPAX	CBSYX	AGDAX	VASGX	WAHSX

Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert Emerging 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 Calvert Emerging'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
CABIX	0.44	0.06	0.07	0.14	0.41	(0.48)	0.83	(0.89)	5.68
MAANX	0.47	0.02	0.01	0.07	0.58	(0.48)	1.02	(1.04)	2.81
ATPAX	0.09	0.01	(0.23)	5.34	0.00	(0.19)	0.25	(0.12)	0.73
CBSYX	0.43	0.06	0.07	0.14	0.39	(0.47)	0.82	(0.88)	5.72
AGDAX	0.12	0.01	(0.17)	2.10	0.00	(0.21)	0.28	(0.14)	0.86
VASGX	0.44	0.02	0.00	0.07	0.56	(0.45)	0.91	(1.05)	2.57
WAHSX	0.11	0.01	(0.17)	0.15	0.00	(0.21)	0.28	(0.14)	0.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC