Domini Impact Correlations

DSBYX Fund

USD 10.06 0.01 0.1%

The current 90-days correlation between Domini Impact Bond and Pace High Yield is 0.07 (i.e., Significant diversification). The correlation of Domini Impact 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.

Domini Impact Correlation With Market

Very good diversification

The correlation between Domini Impact Bond 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 Domini Impact Bond 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 Domini Impact Bond. 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 manufacturing.

Moving together with Domini Mutual Fund

0.62	DOMOX	Domini Impact Intern	Pair Corr
1.0	DSBIX	Domini Impact Bond	Pair Corr
1.0	DSBFX	Domini Impact Bond	Pair Corr
0.79	RISEX	Domini International	Pair Corr
0.79	LEADX	Domini International	Pair Corr
0.98	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.96	PTRRX	Total Return	Pair Corr
0.96	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.96	FIWGX	Strategic Advisers	Pair Corr
0.97	DODIX	Dodge Income	Pair Corr
0.98	MWTIX	Metropolitan West Total	Pair Corr
1.0	MWTRX	Metropolitan West Total	Pair Corr

Moving against Domini Mutual Fund

0.8	LTFOX	Lord Abbett Affiliated	Pair Corr
0.68	DIEQX	Domini Impact Equity	Pair Corr
0.68	DSEFX	Domini Impact Equity	Pair Corr
0.68	DSFRX	Domini Impact Equity	Pair Corr
0.62	SCRYX	Small Cap Core	Pair Corr
0.37	RIV	Rivernorth Opportunities	Pair Corr
0.82	RQECX	Resq Dynamic Allocation	Pair Corr
0.79	VIGAX	Vanguard Growth Index	Pair Corr
0.78	GRSPX	Greenspring Fund Retail	Pair Corr
0.77	USPRX	Sp 500 Index	Pair Corr
0.77	FCNTX	Fidelity Contrafund	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.76	FXAIX	Fidelity 500 Index	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	PHIAX	DAHYX	LHYOX	GMOZX	ARTFX	MRHYX	JHYZX
PHIAX		0.95	0.96	0.89	0.96	0.97	0.96	PHIAX
DAHYX	0.95		0.95	0.93	0.92	0.97	0.95	DAHYX
LHYOX	0.96	0.95		0.9	0.97	0.95	0.96	LHYOX
GMOZX	0.89	0.93	0.9		0.88	0.9	0.95	GMOZX
ARTFX	0.96	0.92	0.97	0.88		0.94	0.96	ARTFX
MRHYX	0.97	0.97	0.95	0.9	0.94		0.97	MRHYX
JHYZX	0.96	0.95	0.96	0.95	0.96	0.97		JHYZX
	PHIAX	DAHYX	LHYOX	GMOZX	ARTFX	MRHYX	JHYZX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini Impact 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 Domini Impact'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PHIAX	0.09	0.00	(0.48)	0.00	(0.15)	0.23	(0.23)	0.57
DAHYX	0.11	0.02	(0.52)	2.25	(0.15)	0.23	(0.23)	0.57
LHYOX	0.13	0.00	(0.33)	0.00	(0.21)	0.31	(0.16)	0.93
GMOZX	0.13	0.00	(0.41)	0.14	(0.18)	0.28	(0.33)	0.90
ARTFX	0.12	0.03	(0.46)	0.55	(0.20)	0.33	(0.22)	1.01
MRHYX	0.09	0.03	(0.50)	23.31	(0.14)	0.23	(0.12)	0.59
JHYZX	0.11	0.02	(0.45)	0.53	(0.21)	0.31	(0.15)	0.47

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