Global Fixed Correlations

DINDX Fund

USD 50.99 0.07 0.14%

The current 90-days correlation between Global Fixed Income and Angel Oak Ultrashort is -0.02 (i.e., Good diversification). The correlation of Global Fixed 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.

Global Fixed Correlation With Market

Weak diversification

The correlation between Global Fixed Income and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Fixed Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global Fixed Income. 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 median.

Moving against Global Mutual Fund

0.68	MPAIX	Advantage Portfolio Class	Pair Corr
0.68	MADSX	Msif Advantage Port	Pair Corr
0.54	MACGX	Mid Cap Growth	Pair Corr
0.52	MMCGX	Mid Cap Growth	Pair Corr
0.52	MPEGX	Mid Cap Growth	Pair Corr
0.49	MNOPX	International Opportunity	Pair Corr
0.49	MRNPX	Msif International	Pair Corr
0.44	MMMPX	Msif Emerging Markets	Pair Corr
0.44	MRGEX	Msif Emerging Markets	Pair Corr
0.43	MMKBX	Emerging Markets Por	Pair Corr
0.71	MSCOX	Msif Small Pany	Pair Corr
0.7	MAPPX	Advantage Portfolio Class	Pair Corr
0.68	MAPLX	Advantage Portfolio Class	Pair Corr
0.67	MSAUX	Asia Opportunity Por	Pair Corr
0.66	MSAWX	Asia Opportunity Por	Pair Corr
0.65	MSAQX	Asia Opportunity Por	Pair Corr
0.65	MSAYX	Asia Opportunity Por	Pair Corr
0.63	MSCMX	Morgan Stanley Multi	Pair Corr
0.44	MSECX	Msif Intl Equity	Pair Corr

Related Correlations Analysis

	OWSBX	ASCLX	SWSFX	QLENX	FTFZX	FTIAX	AOUNX
OWSBX		-0.48	-0.45	-0.44	-0.49	-0.36	-0.41	OWSBX
ASCLX	-0.48		0.86	0.9	0.72	0.83	0.83	ASCLX
SWSFX	-0.45	0.86		0.89	0.74	0.91	0.88	SWSFX
QLENX	-0.44	0.9	0.89		0.58	0.84	0.78	QLENX
FTFZX	-0.49	0.72	0.74	0.58		0.81	0.92	FTFZX
FTIAX	-0.36	0.83	0.91	0.84	0.81		0.94	FTIAX
AOUNX	-0.41	0.83	0.88	0.78	0.92	0.94		AOUNX
	OWSBX	ASCLX	SWSFX	QLENX	FTFZX	FTIAX	AOUNX

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

AOUNX	+ 0.94	FTIAX
AOUNX	+ 0.92	FTFZX
FTIAX	+ 0.91	SWSFX
QLENX	+ 0.9	ASCLX
QLENX	+ 0.89	SWSFX
AOUNX	+ 0.88	SWSFX

High negative correlations

FTFZX	- 0.49	OWSBX
ASCLX	- 0.48	OWSBX
SWSFX	- 0.45	OWSBX
QLENX	- 0.44	OWSBX
AOUNX	- 0.41	OWSBX
FTIAX	- 0.36	OWSBX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Fixed 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 Global Fixed'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
OWSBX	0.06	(0.01)	0.00	(0.91)	0.00	0.00	0.10	(0.10)	1.07
ASCLX	0.56	0.25	0.46	1.37	0.00	(0.76)	0.58	(0.58)	17.47
SWSFX	0.04	0.00	(0.43)	0.01	0.00	(0.15)	0.10	(0.10)	0.49
QLENX	0.33	0.08	0.09	0.93	0.16	(0.39)	0.85	(0.51)	1.88
FTFZX	0.04	0.01	0.00	(0.50)	0.00	0.00	0.10	(0.10)	0.39
FTIAX	0.06	0.00	(0.33)	0.64	0.00	(0.17)	0.12	(0.12)	0.59
AOUNX	0.05	0.01	(0.35)	(2.94)	0.00	(0.22)	0.10	(0.10)	0.51

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