Columbia Income Correlations

RBBAX Fund

USD 11.64 0.01 0.09%

The current 90-days correlation between Columbia Income Builder and Vanguard Financials Index is 0.58 (i.e., Very weak diversification). The correlation of Columbia 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.

Columbia Income Correlation With Market

Weak diversification

The correlation between Columbia Income Builder and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Builder 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 Columbia Income Builder. 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 nation.

Moving together with Columbia Mutual Fund

0.77	ILGCX	Columbia Integrated Large	Pair Corr
0.78	ILGGX	Columbia Integrated Large	Pair Corr
0.78	ILGJX	Columbia Integrated Large	Pair Corr
0.64	SSCVX	Columbia Select Smaller	Pair Corr
0.64	ILVBX	Columbia Integrated Large	Pair Corr
0.69	ILVFX	Columbia Integrated Large	Pair Corr
0.87	LHIAX	Columbia High Yield	Pair Corr
0.84	IMNTX	Columbia Minnesota Tax	Pair Corr
0.92	IMRFX	Columbia Global Oppo	Pair Corr
0.92	CFIGX	Columbia Flexible Capital	Pair Corr
0.9	CFIAX	Columbia Flexible Capital	Pair Corr
0.74	LIACX	Columbia Acorn	Pair Corr
0.91	LIBAX	Columbia Total Return	Pair Corr
0.78	INDZX	Columbia Diversified	Pair Corr
0.84	LIIAX	Columbia Porate Income	Pair Corr
0.87	INTAX	Columbia Strategic	Pair Corr
0.76	LITAX	Columbia Amt Free	Pair Corr
0.81	LITCX	Columbia Amt Free	Pair Corr
0.78	INUTX	Columbia Dividend	Pair Corr
0.77	NACMX	Columbia Amt Free	Pair Corr
0.68	PISDX	Columbia Pyrford Int	Pair Corr
0.64	PISLX	Columbia Pyrford Int	Pair Corr
0.69	PISOX	Columbia Pyrford Int	Pair Corr
0.68	PISJX	Columbia Pyrford Int	Pair Corr
0.69	PISQX	Columbia Pyrford Int	Pair Corr
0.72	AQEAX	Columbia Disciplined	Pair Corr
0.81	SVLCX	Columbia Select Large	Pair Corr
0.73	NSGAX	Columbia Select Large	Pair Corr
0.71	NSMMX	Columbia Short Term	Pair Corr
0.89	NBICX	Columbia Capital All	Pair Corr
0.89	NBIAX	Columbia Capital All	Pair Corr
0.76	NTIAX	Columbia Mid Cap	Pair Corr
1.0	RBBCX	Columbia Income Builder	Pair Corr

Moving against Columbia Mutual Fund

0.31

CUSOX

Columbia Ultra Short

Pair Corr

Related Correlations Analysis

	VFAIX	PSSRX	GCFSX	FTIXX	FIKBX
VFAIX		0.66	0.87	0.0	0.92	VFAIX
PSSRX	0.66		0.78	0.0	0.9	PSSRX
GCFSX	0.87	0.78		0.0	0.92	GCFSX
FTIXX	0.0	0.0	0.0		0.0	FTIXX
FIKBX	0.92	0.9	0.92	0.0		FIKBX
	VFAIX	PSSRX	GCFSX	FTIXX	FIKBX

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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

FIKBX	+ 0.92	VFAIX
FIKBX	+ 0.92	GCFSX
FIKBX	+ 0.9	PSSRX
GCFSX	+ 0.87	VFAIX
GCFSX	+ 0.78	PSSRX
PSSRX	+ 0.66	VFAIX

High negative correlations

FIKBX	- 0.0	FTIXX
FTIXX	- 0.0	GCFSX
FTIXX	- 0.0	PSSRX
FTIXX	- 0.0	VFAIX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia 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 Columbia 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VFAIX	0.80	0.11	0.10	0.31	0.90	(0.87)	1.46	(1.49)	10.22
PSSRX	0.88	(0.01)	(0.02)	(0.01)	1.36	(0.98)	1.51	(1.79)	11.81
GCFSX	0.59	0.05	0.04	1.49	0.77	(0.69)	1.43	(1.30)	6.27
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.85	0.07	0.05	0.21	1.02	(0.94)	1.66	(1.95)	11.21

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