High Yield Correlations

MSYIX Fund

USD 8.61 0.01 0.12%

The current 90-days correlation between High Yield Portfolio and Auer Growth Fund is 0.16 (i.e., Average diversification). The correlation of High Yield 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.

High Yield Correlation With Market

Almost no diversification

The correlation between High Yield Portfolio and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Yield Portfolio and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in High Yield Portfolio. 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 together with High Mutual Fund

0.81	TEMUX	Emerging Markets Equity	Pair Corr
0.93	MLMIX	Global E Portfolio	Pair Corr
0.95	TIEUX	International Equity	Pair Corr
0.71	TIIUX	Core Fixed Income	Pair Corr
1.0	MRHYX	Msift High Yield	Pair Corr
0.93	MAIJX	Morgan Stanley Insti	Pair Corr
0.87	MSFLX	Global Franchise Por	Pair Corr
0.87	MSFAX	Global Franchise Por	Pair Corr
0.93	MSSOX	Global Strategist	Pair Corr
0.94	MBAAX	Global Strategist	Pair Corr
0.86	MUAIX	Ultra Short Income	Pair Corr
0.86	MUIIX	Ultra Short Income	Pair Corr
0.9	MULSX	Ultra Short Income	Pair Corr
0.87	MGISX	Global Franchise Por	Pair Corr
0.9	MGKAX	Morgan Stanley Global	Pair Corr
0.95	TSDUX	Ultra Short Term	Pair Corr
0.83	MIQBX	International Equity	Pair Corr
0.97	AHTFX	American High Income	Pair Corr
0.96	AHTCX	American High Income	Pair Corr
0.96	AHITX	American High Income	Pair Corr
0.97	BHYCX	Blackrock Hi Yld	Pair Corr
0.98	BHYIX	Blackrock High Yield	Pair Corr
0.98	BHYSX	Blackrock Hi Yld	Pair Corr
0.97	BHYAX	Blackrock High Yield	Pair Corr
0.98	VWEHX	Vanguard High Yield	Pair Corr
0.97	VWEAX	Vanguard High Yield	Pair Corr
0.95	PHYZX	Prudential High Yield	Pair Corr
0.95	FSMMX	Fs Multi Strategy	Pair Corr
0.92	BTMPX	Ishares Msci Eafe	Pair Corr

Moving against High Mutual Fund

0.49	MSSMX	Small Pany Growth	Pair Corr
0.47	MSSGX	Small Pany Growth	Pair Corr
0.41	MSPTX	Global Advantage Por	Pair Corr

Related Correlations Analysis

	FLDFX	USCAX	IIXCX	RIGCX	LAVVX	AUERX
FLDFX		0.96	0.83	0.97	0.88	0.95	FLDFX
USCAX	0.96		0.86	0.96	0.92	0.97	USCAX
IIXCX	0.83	0.86		0.83	0.9	0.85	IIXCX
RIGCX	0.97	0.96	0.83		0.86	0.94	RIGCX
LAVVX	0.88	0.92	0.9	0.86		0.92	LAVVX
AUERX	0.95	0.97	0.85	0.94	0.92		AUERX
	FLDFX	USCAX	IIXCX	RIGCX	LAVVX	AUERX

Risk-Adjusted Indicators

There is a big difference between High Mutual Fund performing well and High Yield 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 High Yield'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
FLDFX	0.45	0.09	0.08	1.42	0.35	(0.54)	0.93	(0.96)	4.03
USCAX	0.85	0.14	0.13	0.20	0.76	(1.00)	2.07	(1.87)	7.96
IIXCX	0.06	0.01	(0.30)	0.40	0.00	(0.18)	0.22	(0.11)	0.54
RIGCX	0.62	0.14	0.15	0.25	0.54	(0.70)	1.38	(1.37)	3.65
LAVVX	0.59	0.16	0.25	0.26	0.23	(0.76)	1.13	(0.86)	8.59
AUERX	0.87	0.35	0.38	0.82	0.24	(1.15)	1.77	(1.38)	12.63

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