Equity Income Correlations

Mutual Funds . USA . 
Fund . Equity Income Fund
JHEIX Fund  USD 14.42  0.07  0.49%   
The current 90-days correlation between Equity Income and Schwab Health Care is -0.04 (i.e., Good diversification). The correlation of Equity Income 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.

Equity Income Correlation With Market

Pay attention - limited upside

The correlation between Equity Income Fund and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Income Fund 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 Equity Income Fund. 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 gross domestic product.

Moving against Equity Mutual Fund

  0.82JRBFX Regional BankPairCorr
  0.82JRGRX Regional BankPairCorr
  0.81JQLMX Multimanager LifestylePairCorr
  0.81JQLBX Multimanager LifestylePairCorr
  0.81JQLAX Multimanager LifestylePairCorr
  0.81JQLGX Multimanager LifestylePairCorr
  0.81JRETX J Hancock IiPairCorr
  0.76JQLCX Multimanager LifestylePairCorr
  0.73JRLOX Retirement Living ThroughPairCorr
  0.72JRLDX Retirement Living ThroughPairCorr
  0.72JRLIX Retirement Living ThroughPairCorr
  0.72JRLKX Multi Index 2015PairCorr
  0.72JRLLX Retirement Living ThroughPairCorr
  0.71JRLFX Multi Index 2010PairCorr
  0.71JRLHX Retirement Living ThroughPairCorr
  0.6FRBAX Regional BankPairCorr
  0.6FRBCX Regional BankPairCorr
  0.81JROUX J Hancock IiPairCorr
  0.79JRLQX Retirement Living ThroughPairCorr
  0.79JRLUX Multi Index 2045PairCorr
  0.79JRLWX Retirement Living ThroughPairCorr
  0.79JRLVX Retirement Living ThroughPairCorr
  0.79JRLZX Retirement Living ThroughPairCorr
  0.79JRODX J Hancock IiPairCorr
  0.79JAAFX Jhancock Multi IndexPairCorr
  0.79JAAKX Jhancock Multi IndexPairCorr
  0.73JRTAX Retirement Living ThroughPairCorr
  0.73JRTDX Multi Index 2025PairCorr
  0.72JRLPX Multi Index 2020PairCorr
  0.7JAAIX Alternative AssetPairCorr
  0.7JAAPX Alternative AssetPairCorr
  0.7JAARX Alternative AssetPairCorr
  0.4JRTBX Retirement Living ThroughPairCorr
  0.81JAAVX Jhancock MultimanagerPairCorr
  0.81JAAWX Jhancock MultimanagerPairCorr
  0.81JAAZX Jhancock MultimanagerPairCorr
  0.81JABDX Jhancock MultimanagerPairCorr
  0.81JABBX Jhancock MultimanagerPairCorr
  0.81JABEX Jhancock MultimanagerPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity Income 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 Equity Income'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.

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