Cref Inflation-linked Correlations

Funds . USA . 
Fund . Cref Inflation Linked Bond
QCILPX Fund  USD 91.25  0.06  0.07%   
The current 90-days correlation between Cref Inflation Linked and Vanguard Total Bond is 0.76 (i.e., Poor diversification). The correlation of Cref Inflation-linked 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.

Cref Inflation-linked Correlation With Market

Very weak diversification

The correlation between Cref Inflation Linked Bond and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cref Inflation Linked Bond 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 Cref Inflation Linked Bond. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Cref Fund

  0.81VTIAX Vanguard Total InterPairCorr
  0.94VBTLX Vanguard Total BondPairCorr
  0.85NHS Neuberger Berman HighPairCorr
  0.73PHYEX Pgim High YieldPairCorr
  0.62SRJCX Jpmorgan SmartretirementPairCorr
  0.83DMYBX Dreyfus Short IntermPairCorr
  0.62WMCVX Wasatch Small CapPairCorr
  0.85GCEPX Goldman Sachs CleanPairCorr
  0.86EMDZX Prudential EmergingPairCorr
  0.74FFFHX Fidelity Freedom 2050PairCorr
  0.78JDINX Janus OverseasPairCorr
  0.61FAXTX American Funds 2065PairCorr
  0.68IRSNX Voya Target RetirementPairCorr
  0.71CVKFX Pioneer Disciplined ValuePairCorr
  0.89FDBLX Federated BondPairCorr
  0.84RLEMX Lazard Emerging MarketsPairCorr
  0.79OGIIX Oppenheimer GlobalPairCorr
  0.67OGMNX Oppenheimer Gold Spec Steady GrowthPairCorr
  0.69FLSJX Franklin Lifesmart 2050PairCorr
  0.72INUTX Columbia DividendPairCorr
  0.7BALFX American BalancedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Cref Fund performing well and Cref Inflation-linked 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 Cref Inflation-linked'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.57  0.06 (0.06)(0.29) 0.72 
(0.59)
 1.11 
(1.28)
 3.73 
VFIAX  0.54 (0.01)(0.04) 0.08  0.67 
(0.56)
 0.99 
(1.22)
 3.61 
VTSMX  0.56 (0.01)(0.03) 0.08  0.69 
(0.60)
 1.11 
(1.28)
 3.74 
VITSX  0.56 (0.01)(0.03) 0.08  0.69 
(0.60)
 1.11 
(1.28)
 3.73 
VSMPX  0.56 (0.01)(0.03) 0.08  0.69 
(0.60)
 1.11 
(1.28)
 3.73 
VSTSX  0.57  0.06 (0.06)(0.29) 0.72 
(0.59)
 1.11 
(1.28)
 3.74 
VTIAX  0.57  0.16  0.17  0.35  0.36 
(0.65)
 1.47 
(1.18)
 4.10 
VFINX  0.54 (0.01)(0.04) 0.08  0.69 
(0.55)
 1.06 
(1.22)
 3.61 
VFFSX  0.55  0.05 (0.07)(0.23) 0.72 
(0.54)
 0.99 
(1.23)
 3.61 
VBTLX  0.14  0.01 (0.35) 0.22  0.00 
(0.18)
 0.31 
(0.31)
 0.62 

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