Virtus Real Correlations

PHRIX Fund

USD 18.79 0.05 0.27%

The current 90-days correlation between Virtus Real Estate and Fulcrum Diversified Absolute is 0.07 (i.e., Significant diversification). The correlation of Virtus Real 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.

Virtus Real Correlation With Market

Average diversification

The correlation between Virtus Real Estate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Virtus Real Estate. 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 Virtus Mutual Fund

0.81	O	Realty Income	Pair Corr
0.67	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.85	HR	Healthcare Realty Trust	Pair Corr
0.92	KW	Kennedy Wilson Holdings	Pair Corr
0.86	UE	Urban Edge Properties	Pair Corr
0.8	WY	Weyerhaeuser	Pair Corr
0.86	ADC-PA	Agree Realty	Pair Corr
0.84	DOUG	Douglas Elliman	Pair Corr
0.94	VICI	VICI Properties	Pair Corr
0.9	ELME	Elme Communities	Pair Corr
0.8	EPRT	Essential Properties	Pair Corr
0.64	WELL	Welltower	Pair Corr
0.84	ESBA	Empire State Realty	Pair Corr
0.89	ESRT	Empire State Realty	Pair Corr
0.68	WHLR	Wheeler Real Estate	Pair Corr
0.88	EXPI	eXp World Holdings	Pair Corr

Moving against Virtus Mutual Fund

0.66	MITT-PC	AG Mortgage Investment	Pair Corr
0.5	DX	Dynex Capital	Pair Corr
0.59	CDR-PC	Cedar Realty Trust	Pair Corr
0.35	AIV	Apartment Investment and	Pair Corr

Related Correlations Analysis

	FARIX	MBLAX	LIGFX	PDAAX	DSCPX	SRDAX
FARIX		0.84	0.74	0.49	0.83	-0.39	FARIX
MBLAX	0.84		0.92	0.67	0.85	-0.31	MBLAX
LIGFX	0.74	0.92		0.82	0.79	-0.01	LIGFX
PDAAX	0.49	0.67	0.82		0.57	0.3	PDAAX
DSCPX	0.83	0.85	0.79	0.57		-0.31	DSCPX
SRDAX	-0.39	-0.31	-0.01	0.3	-0.31		SRDAX
	FARIX	MBLAX	LIGFX	PDAAX	DSCPX	SRDAX

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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

LIGFX	+ 0.92	MBLAX
DSCPX	+ 0.85	MBLAX
MBLAX	+ 0.84	FARIX
DSCPX	+ 0.83	FARIX
PDAAX	+ 0.82	LIGFX
DSCPX	+ 0.79	LIGFX

High negative correlations

SRDAX	- 0.39	FARIX
SRDAX	- 0.31	DSCPX
SRDAX	- 0.31	MBLAX
SRDAX	- 0.01	LIGFX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Real 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 Virtus Real'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
FARIX	0.31	(0.01)	0.00	(0.20)	0.00	0.00	0.65	(0.62)	2.12
MBLAX	0.23	0.00	(0.19)	0.04	0.29	(0.28)	0.46	(0.31)	1.79
LIGFX	0.28	0.02	(0.11)	1.68	0.37	(0.29)	0.62	(0.50)	2.04
PDAAX	0.17	0.01	(0.22)	(1.52)	0.11	(0.26)	0.52	(0.31)	1.35
DSCPX	0.75	0.00	(0.03)	0.07	0.96	(0.85)	1.60	(1.25)	8.80
SRDAX	0.15	0.03	(0.15)	1.70	0.00	(0.20)	0.38	(0.37)	1.05

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