Strategic Advisers Correlations

Mutual Funds . USA . 
Fund . Strategic Advisers Municipal
FSMUX Fund  USD 8.84  0.01  0.11%   
The current 90-days correlation between Strategic Advisers and Vanguard Long Term Tax Exempt is 0.94 (i.e., Almost no diversification). The correlation of Strategic Advisers 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.

Strategic Advisers Correlation With Market

Average diversification

The correlation between Strategic Advisers Municipal and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Advisers Municipal 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 Strategic Advisers Municipal. 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 employment.

Moving together with Strategic Mutual Fund

  0.72FPTKX Fidelity Freedom 2015PairCorr
  0.71FPURX Fidelity PuritanPairCorr
  0.71FPUKX Fidelity PuritanPairCorr
  0.99FPXTX Fidelity PennsylvaniaPairCorr
  0.73FQIFX Fidelity Freedom IndexPairCorr
  0.73FQIPX Fidelity Freedom IndexPairCorr
  0.68FQLSX Fidelity Flex FreedomPairCorr
  0.72FRAGX Aggressive GrowthPairCorr
  0.75FRAMX Fidelity Income ReplPairCorr
  0.75FRASX Fidelity Income ReplPairCorr
  0.75FRGAX Growth Allocation IndexPairCorr
  0.63FRIFX Fidelity Real EstatePairCorr
  0.76FRIMX Fidelity Income ReplPairCorr
  0.62FRINX Fidelity Real EstatePairCorr
  0.62FRIQX Fidelity Real EstatePairCorr
  0.76FRHMX Fidelity Managed RetPairCorr
  0.76FRKMX Fidelity Managed RetPairCorr
  0.63FRIRX Fidelity Real EstatePairCorr
  0.73FRLPX Fidelity Freedom IndexPairCorr
  0.99FROGX Fidelity Municipal IncomePairCorr
  0.76FRQHX Fidelity Managed RetPairCorr
  0.76FRQIX Fidelity Income ReplPairCorr
  0.76FRQKX Fidelity Managed RetPairCorr
  0.75FRQAX Fidelity Income ReplPairCorr
  0.66FAASX Fidelity Asset ManagerPairCorr
  0.67FAAIX Fidelity Asset ManagerPairCorr
  0.72FACVX Fidelity ConvertiblePairCorr
  0.62FACPX Fidelity Advisor SumerPairCorr
  0.71FACFX Fidelity Advisor FreedomPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Advisers 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 Strategic Advisers' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWLTX  0.22 (0.03) 0.00 (0.34) 0.00 
 0.00 
 0.37 
(0.55)
 1.67 
VWAHX  0.23 (0.03) 0.00 (0.33) 0.00 
 0.00 
 0.38 
(0.56)
 1.79 
VWALX  0.23 (0.03) 0.00 (0.33) 0.00 
 0.00 
 0.38 
(0.56)
 1.79 
FSMUX  0.20 (0.02) 0.00 (0.34) 0.00 
 0.00 
 0.34 
(0.45)
 1.47 
VWLUX  0.22 (0.03) 0.00 (0.32) 0.00 
 0.00 
 0.37 
(0.55)
 1.67 
FAFTX  0.21 (0.03) 0.00 (0.35) 0.00 
 0.00 
 0.46 
(0.46)
 1.57 
FFTQX  0.21 (0.02) 0.00 (0.35) 0.00 
 0.00 
 0.47 
(0.55)
 1.67 
FKTIX  0.21 (0.02) 0.00 (0.35) 0.00 
 0.00 
 0.47 
(0.55)
 1.76 
FRFTX  0.21 (0.03) 0.00 (0.34) 0.00 
 0.00 
 0.46 
(0.46)
 1.67 
FFQAX  0.20 (0.02) 0.00 (0.36) 0.00 
 0.00 
 0.47 
(0.55)
 1.67 

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