INVESCO HIGH Correlations

HYINX Fund

USD 3.54 -0.01 -0.28%

Current 90-days correlation between Invesco High Yield and Thrivent Municipal Bond is 0.12 (i.e., Good diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

Market Correlation Snapshot: INVESCO HIGH

Very poor diversification

For the present investment horizon, the measured correlation between INVESCO HIGH and Dow Jones stands at 0.84, or Very poor diversification. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Allocation balance across sectors and asset classes shapes the risk-return profile of the portfolio. Diversification context helps frame allocation across holdings. Risk contribution from any single position depends on its weight and co-movement with the rest.

Moving together with INVESCO HIGH Mutual Fund

0.98	AHTFX	American High Income	Pair Corr
0.97	AHTCX	American High Income	Pair Corr
0.98	AHITX	American High Income	Pair Corr
0.98	BHYSX	BlackRock Hi Yld	Pair Corr
0.96	VWEHX	Vanguard High Yield	Pair Corr
0.97	BHYCX	BlackRock Hi Yld	Pair Corr
0.97	BHYIX	BlackRock High Yield	Pair Corr
0.98	BHYAX	BlackRock High Yield	Pair Corr
0.96	VWEAX	Vanguard High Yield	Pair Corr
0.95	PHYZX	Prudential High Yield	Pair Corr
0.77	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.76	RYVLX	Nasdaq 100 2x Steady Growth	Pair Corr
0.76	RYVYX	Nasdaq 100 2x Steady Growth	Pair Corr
0.76	UOPIX	Ultra Nasdaq 100 Steady Growth	Pair Corr
0.76	RYCCX	Nasdaq 100 2x Steady Growth	Pair Corr
0.74	UOPSX	Ultranasdaq 100 Profund Steady Growth	Pair Corr
0.73	INPIX	Internet Ultrasector	Pair Corr
0.73	INPSX	Internet Ultrasector	Pair Corr
0.8	BIPIX	BIOTECHNOLOGY ULTRASECTOR	Pair Corr
0.91	JSIZX	JPMORGAN SMARTRETIREMENT	Pair Corr
0.87	SCPIX	Deutsche Sampp 500	Pair Corr
0.89	RTLCX	Tax Managed Large	Pair Corr
0.92	FFFGX	Fidelity Freedom 2045	Pair Corr
0.78	JAAPX	Alternative Asset	Pair Corr
0.86	BRWUX	Mfs Blended Research	Pair Corr
0.72	TIILX	TIAA-CREF INFLATION-LINKED	Pair Corr
0.73	MASGX	Matthews Asia Esg Steady Growth	Pair Corr
0.89	SUVCX	Prudential Qma Strategic	Pair Corr
0.83	NHCCX	Nuveen High Yield	Pair Corr
0.89	IPMIX	Voya Index Plus	Pair Corr
0.71	IVRSX	Vy Clarion Real	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.95	AHIFX	American High Income	Pair Corr
0.91	TCRIX	TIAA Cref Lifecycle	Pair Corr
0.9	ISRSX	Voya Solution 2045	Pair Corr
0.68	MSSGX	Small Pany Growth Steady Growth	Pair Corr
0.89	ADGAX	Ab E Opportunities	Pair Corr
0.87	WFILX	Index Fund Class	Pair Corr

Related Correlations Analysis

	FAARX	SCFYX	MMIDX	ELMXX	MCBDX	VMLTX	AAMBX
FAARX		0.91	0.93	0.0	0.93	0.96	0.91	FAARX
SCFYX	0.91		0.79	0.0	0.96	0.91	0.76	SCFYX
MMIDX	0.93	0.79		0.0	0.84	0.87	0.99	MMIDX
ELMXX	0.0	0.0	0.0		0.0	0.0	0.0	ELMXX
MCBDX	0.93	0.96	0.84	0.0		0.87	0.83	MCBDX
VMLTX	0.96	0.91	0.87	0.0	0.87		0.84	VMLTX
AAMBX	0.91	0.76	0.99	0.0	0.83	0.84		AAMBX
	FAARX	SCFYX	MMIDX	ELMXX	MCBDX	VMLTX	AAMBX

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

AAMBX	+ 0.99	MMIDX
VMLTX	+ 0.96	FAARX
MCBDX	+ 0.96	SCFYX
MMIDX	+ 0.93	FAARX
MCBDX	+ 0.93	FAARX
SCFYX	+ 0.91	FAARX

High negative correlations

AAMBX	- 0.0	ELMXX
VMLTX	- 0.0	ELMXX
MCBDX	- 0.0	ELMXX
ELMXX	- 0.0	MMIDX
ELMXX	- 0.0	SCFYX
ELMXX	- 0.0	FAARX

Risk-Adjusted Indicators

Strong recent returns in INVESCO HIGH Mutual Fund do not always mean INVESCO HIGH Mutual Fund is outperforming peers on business quality. Reviewing INVESCO HIGH's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FAARX	0.12	-0.01	0.00	-0.12	0.00	0.00	0.20	-0.40	1.20
SCFYX	0.23	-0.01	-0.05	-0.07	0.27	-0.32	0.52	-0.52	1.35
MMIDX	0.14	-0.01	-0.03	-0.26	0.20	-0.22	0.25	-0.37	1.10
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCBDX	0.22	-0.01	-0.05	-0.07	0.26	-0.26	0.43	-0.43	1.30
VMLTX	0.06	-0.01	-0.09	-0.19	0.08	-0.17	0.27	-0.18	0.64
AAMBX	0.16	0.00	-0.02	-0.37	0.21	-0.21	0.30	-0.40	1.19