Us Defensive Correlations

REQAX Fund

USD 42.28 0.45 1.05%

The current 90-days correlation between Us Defensive Equity and Ab Bond Inflation is 0.16 (i.e., Average diversification). The correlation of Us Defensive 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.

Us Defensive Correlation With Market

Very poor diversification

The correlation between Us Defensive Equity and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Defensive Equity 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 Us Defensive Equity. 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 REQAX Mutual Fund

0.97	RNTTX	International Developed	Pair Corr
0.62	RREAX	Global Real Estate	Pair Corr
0.62	RREYX	Global Real Estate	Pair Corr
0.64	RRESX	Global Real Estate	Pair Corr
0.64	RRSRX	Global Real Estate	Pair Corr
0.95	RALAX	Growth Strategy	Pair Corr
0.93	RSCRX	Us Small Cap	Pair Corr
0.67	RSYTX	Strategic Bond	Pair Corr
0.96	RBLCX	Balanced Strategy	Pair Corr
1.0	RTDAX	Multifactor Equity	Pair Corr
1.0	RTDSX	Select Equity	Pair Corr
0.79	RTEAX	Tax Exempt Bond	Pair Corr
0.61	RTHAX	Tax Exempt High	Pair Corr
0.86	RTIUX	Tax-managed International	Pair Corr
0.72	RTLCX	Tax Managed Large	Pair Corr
0.74	RTLAX	Tax Managed Large	Pair Corr
0.86	RTNSX	Tax-managed International	Pair Corr
0.74	RTMTX	Tax Managed Large	Pair Corr
0.84	RTNCX	Tax-managed International	Pair Corr
0.8	RTOUX	Tax Managed Mid	Pair Corr
0.79	RTSCX	Tax Managed Mid	Pair Corr
0.72	RTXSX	Russell Investment Tax	Pair Corr
0.87	RDBRX	Short Duration Bond	Pair Corr
0.95	REAAX	Equity Growth Strategy	Pair Corr
0.97	RELCX	Equity Growth Strategy	Pair Corr
0.74	RETSX	Tax Managed Large	Pair Corr
0.65	RFDAX	Strategic Bond	Pair Corr
0.99	RGDTX	Global Equity	Pair Corr
0.86	RGCAX	Global Opportunistic	Pair Corr
0.92	RGFTX	Global Infrastructure	Pair Corr
0.97	RGECX	Global Equity	Pair Corr
0.64	RHYTX	Tax Exempt High	Pair Corr
0.93	RLESX	Us Small Cap	Pair Corr
0.97	RLGYX	Global Equity	Pair Corr
0.93	RMGSX	Multi Asset Growth	Pair Corr

Related Correlations Analysis

	TMSSX	BOGSX	RECIX	DODEX	APDOX	REMVX	ABNTX
TMSSX		0.18	0.0	-0.17	-0.16	-0.19	-0.3	TMSSX
BOGSX	0.18		0.74	0.77	0.63	0.72	0.41	BOGSX
RECIX	0.0	0.74		0.93	0.94	0.93	0.71	RECIX
DODEX	-0.17	0.77	0.93		0.93	0.99	0.77	DODEX
APDOX	-0.16	0.63	0.94	0.93		0.94	0.8	APDOX
REMVX	-0.19	0.72	0.93	0.99	0.94		0.78	REMVX
ABNTX	-0.3	0.41	0.71	0.77	0.8	0.78		ABNTX
	TMSSX	BOGSX	RECIX	DODEX	APDOX	REMVX	ABNTX

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

REMVX	+ 0.99	DODEX
APDOX	+ 0.94	RECIX
REMVX	+ 0.94	APDOX
DODEX	+ 0.93	RECIX
REMVX	+ 0.93	RECIX
APDOX	+ 0.93	DODEX

High negative correlations

ABNTX	- 0.3	TMSSX
REMVX	- 0.19	TMSSX
DODEX	- 0.17	TMSSX
APDOX	- 0.16	TMSSX
RECIX	- 0.0	TMSSX

Risk-Adjusted Indicators

There is a big difference between REQAX Mutual Fund performing well and Us Defensive 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 Us Defensive'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
TMSSX	0.14	(0.03)	0.00	(0.32)	0.00	0.00	0.23	(0.23)	2.21
BOGSX	1.12	(0.09)	0.00	(0.04)	0.00	0.00	2.17	(2.68)	5.97
RECIX	0.83	0.28	0.28	0.44	0.55	(0.95)	1.89	(1.42)	11.57
DODEX	0.54	0.12	0.14	0.28	0.46	(0.59)	1.42	(1.20)	2.80
APDOX	0.10	0.07	0.20	1.11	0.00	(0.15)	0.28	(0.18)	0.56
REMVX	0.60	0.21	0.27	1.77	0.27	(0.79)	1.47	(0.84)	3.28
ABNTX	0.07	0.00	(0.28)	0.04	0.00	(0.11)	0.10	(0.10)	0.39

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