Blackrock Muniholdings Correlations

MUC Fund

USD 10.97 0.03 0.27%

The current 90-days correlation between Blackrock Muniholdings and Eaton Vance National is 0.12 (i.e., Average diversification). The correlation of Blackrock Muniholdings 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.

Blackrock Muniholdings Correlation With Market

Good diversification

The correlation between Blackrock Muniholdings Ca and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Muniholdings Ca 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 Blackrock Muniholdings Ca. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Blackrock Fund

0.8	LIIAX	Columbia Porate Income	Pair Corr
0.81	SRINX	Columbia Porate Income	Pair Corr
0.84	CIFRX	Columbia Porate Income	Pair Corr
0.64	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.83	VZ	Verizon Communications Aggressive Push	Pair Corr
0.65	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Blackrock Fund

0.56	CIOCX	Columbia Porate Income	Pair Corr
0.7	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.53	BAC	Bank of America Aggressive Push	Pair Corr
0.36	DIS	Walt Disney Aggressive Push	Pair Corr

Related Correlations Analysis

	CXH	EOT	MQT	MVF	DTF	MUE	MQY	CXE
CXH		0.67	0.69	0.65	0.48	0.81	0.72	0.73	CXH
EOT	0.67		0.73	0.49	0.25	0.67	0.74	0.74	EOT
MQT	0.69	0.73		0.85	0.16	0.81	0.89	0.89	MQT
MVF	0.65	0.49	0.85		0.14	0.8	0.86	0.81	MVF
DTF	0.48	0.25	0.16	0.14		0.42	0.06	0.11	DTF
MUE	0.81	0.67	0.81	0.8	0.42		0.77	0.74	MUE
MQY	0.72	0.74	0.89	0.86	0.06	0.77		0.93	MQY
CXE	0.73	0.74	0.89	0.81	0.11	0.74	0.93		CXE
	CXH	EOT	MQT	MVF	DTF	MUE	MQY	CXE

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Risk-Adjusted Indicators

There is a big difference between Blackrock Fund performing well and Blackrock Muniholdings 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 Blackrock Muniholdings' 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
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
EOT	0.35	0.02	(0.18)	(1.09)	0.38	(0.41)	0.75	(0.86)	2.08
MQT	0.43	(0.04)	0.00	(0.10)	0.00	0.00	0.87	(0.92)	2.73
MVF	0.46	(0.01)	(0.15)	(0.34)	0.61	(0.54)	0.83	(1.06)	2.81
DTF	0.23	0.01	(0.29)	(0.27)	0.24	(0.28)	0.54	(0.36)	1.96
MUE	0.39	0.03	(0.13)	(1.15)	0.47	(0.40)	0.85	(0.76)	2.47
MQY	0.40	(0.02)	0.00	1.08	0.00	0.00	0.81	(1.07)	2.74
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

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