Icon Equity Correlations

IEQAX Fund

USD 17.64 0.27 1.51%

The current 90-days correlation between Icon Equity Income and Aberdeen Global High is 0.4 (i.e., Very weak diversification). The correlation of Icon Equity 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.

Icon Equity Correlation With Market

Poor diversification

The correlation between Icon Equity Income and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icon Equity Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Equity 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 nation.

Moving together with Icon Mutual Fund

0.89	IOBAX	Icon Bond Fund	Pair Corr
1.0	IOEZX	Icon Equity Income	Pair Corr
0.9	ICBAX	Icon Natural Resources	Pair Corr
0.93	ICFAX	Icon Financial	Pair Corr
0.88	ICTEX	Icon Information Tec	Pair Corr
0.68	MUTHX	Franklin Mutual Shares	Pair Corr
0.62	TESRX	Franklin Mutual Shares	Pair Corr
0.68	FMSHX	Franklin Mutual Shares	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.75	VTSAX	Vanguard Total Stock	Pair Corr
0.74	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr
0.75	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VTIAX	Vanguard Total Inter	Pair Corr
0.74	VFINX	Vanguard 500 Index	Pair Corr
0.74	VFFSX	Vanguard 500 Index	Pair Corr
0.79	OSMCX	Oppenheimer International	Pair Corr
0.97	DFLVX	Us Large Cap	Pair Corr
0.94	PMCKX	Pioneer Mid Cap	Pair Corr
0.74	TRRLX	T Rowe Price	Pair Corr
0.76	HGOVX	Hartford Growth	Pair Corr
0.83	FCGYX	Mainstay Pinestone Global	Pair Corr
0.83	PRBLX	Parnassus E Equity	Pair Corr
0.73	RPMMX	Reinhart Mid Cap	Pair Corr
0.91	JRSTX	Intech Managed Volatility	Pair Corr
0.67	PRDMX	T Rowe Price Potential Growth	Pair Corr
0.7	DIVPX	Mai Managed Volatility	Pair Corr
0.75	LTIUX	Principal Lifetime 2035	Pair Corr
0.87	HNMVX	Harbor Mid Cap	Pair Corr

Moving against Icon Mutual Fund

0.6

ICTVX

Icon Utilities

Pair Corr

Related Correlations Analysis

	BJBHX	RLGAX	EIPFX	EIPIX	NCBIX	BSVSX	VLT	HMSFX	CEV	JASCX
BJBHX		0.54	0.4	0.4	0.51	0.68	0.06	0.17	-0.68	0.69	BJBHX
RLGAX	0.54		0.61	0.61	0.78	0.53	0.21	0.42	0.0	0.78	RLGAX
EIPFX	0.4	0.61		1.0	0.9	0.71	0.35	0.41	-0.14	0.63	EIPFX
EIPIX	0.4	0.61	1.0		0.9	0.71	0.35	0.41	-0.14	0.63	EIPIX
NCBIX	0.51	0.78	0.9	0.9		0.71	0.25	0.3	-0.18	0.69	NCBIX
BSVSX	0.68	0.53	0.71	0.71	0.71		0.15	0.28	-0.38	0.76	BSVSX
VLT	0.06	0.21	0.35	0.35	0.25	0.15		0.51	0.2	0.14	VLT
HMSFX	0.17	0.42	0.41	0.41	0.3	0.28	0.51		0.35	0.57	HMSFX
CEV	-0.68	0.0	-0.14	-0.14	-0.18	-0.38	0.2	0.35		-0.19	CEV
JASCX	0.69	0.78	0.63	0.63	0.69	0.76	0.14	0.57	-0.19		JASCX
	BJBHX	RLGAX	EIPFX	EIPIX	NCBIX	BSVSX	VLT	HMSFX	CEV	JASCX

Please upgrade your account to get full access to Macroaxis premium features

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

EIPIX	+ 1.0	EIPFX
NCBIX	+ 0.9	EIPFX
NCBIX	+ 0.9	EIPIX
NCBIX	+ 0.78	RLGAX
JASCX	+ 0.78	RLGAX
JASCX	+ 0.76	BSVSX

High negative correlations

CEV	- 0.68	BJBHX
CEV	- 0.38	BSVSX
JASCX	- 0.19	CEV
CEV	- 0.18	NCBIX
CEV	- 0.14	EIPIX
CEV	- 0.14	EIPFX

Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Equity 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 Icon Equity'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
BJBHX	0.12	(0.01)	(0.25)	(0.06)	0.15	(0.18)	0.26	(0.26)	0.78
RLGAX	0.39	0.00	(0.02)	0.05	0.50	(0.41)	0.90	(0.82)	2.12
EIPFX	0.69	0.21	0.23	1.86	0.32	(0.85)	0.93	(1.16)	14.92
EIPIX	0.69	0.21	0.22	1.83	0.31	(0.85)	0.92	(1.16)	14.94
NCBIX	0.30	0.05	0.06	0.19	0.12	(0.34)	0.55	(0.49)	5.22
BSVSX	1.19	0.24	0.14	(6.07)	1.09	(1.45)	1.97	(2.51)	15.14
VLT	0.34	0.02	(0.06)	0.44	0.41	(0.38)	0.72	(0.63)	2.46
HMSFX	0.62	(0.02)	(0.06)	0.00	0.79	(0.68)	1.30	(1.53)	3.39
CEV	0.41	0.02	(0.07)	(0.04)	0.46	(0.55)	1.09	(0.86)	3.22
JASCX	0.72	(0.05)	(0.05)	0.00	0.91	(0.75)	1.49	(1.45)	3.61

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