Strategic Bond Correlations

RFCCX Fund

USD 8.83 0.02 0.23%

The current 90-days correlation between Strategic Bond and Aqr Global Macro is 0.15 (i.e., Average diversification). The correlation of Strategic Bond 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.

Strategic Bond Correlation With Market

Significant diversification

The correlation between Strategic Bond Fund and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Bond Fund 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 Strategic Bond Fund. 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 main economic indicators.

Moving together with Strategic Mutual Fund

0.68	RREYX	Global Real Estate	Pair Corr
0.82	RRESX	Global Real Estate	Pair Corr
0.67	RRSCX	Global Real Estate	Pair Corr
0.61	RRSRX	Global Real Estate	Pair Corr
0.86	RALAX	Growth Strategy	Pair Corr
0.81	RALCX	Growth Strategy	Pair Corr
0.86	RALSX	Growth Strategy	Pair Corr
0.79	RALRX	Growth Strategy	Pair Corr
0.85	RALVX	Growth Strategy	Pair Corr
0.79	RSCRX	Us Small Cap	Pair Corr
0.8	RSECX	Us Strategic Equity	Pair Corr
0.9	RAZCX	Multi Asset Growth	Pair Corr
0.65	RSQAX	Us E Equity	Pair Corr
0.87	RBCUX	Tax Exempt Bond	Pair Corr
0.89	RSYTX	Strategic Bond	Pair Corr
0.8	RBLCX	Balanced Strategy	Pair Corr
0.78	RBLAX	Balanced Strategy	Pair Corr
0.7	RBLSX	Balanced Strategy	Pair Corr
0.76	RBLVX	Balanced Strategy	Pair Corr
0.7	RBLRX	Balanced Strategy	Pair Corr
0.79	RTDAX	Multifactor Equity	Pair Corr
0.79	RTDCX	Multifactor Equity	Pair Corr
0.79	RTDYX	Select Equity	Pair Corr
0.79	RTDSX	Select Equity	Pair Corr
0.64	RTDTX	Select Equity	Pair Corr
0.88	RTEAX	Tax Exempt Bond	Pair Corr
0.89	RTECX	Tax Exempt Bond	Pair Corr
0.88	RTHAX	Tax Exempt High	Pair Corr
0.87	RTHCX	Tax Exempt High	Pair Corr
0.81	RTHSX	Tax Exempt High	Pair Corr
0.78	RTISX	Select International	Pair Corr
0.71	RTIRX	Select International	Pair Corr
0.71	RTIYX	Select International	Pair Corr
0.74	RTIUX	Tax Managed Internat	Pair Corr
0.67	RTOUX	Tax Managed Mid	Pair Corr
0.7	RTSCX	Tax Managed Mid	Pair Corr

Related Correlations Analysis

	QGMIX	KGLCX	RGELX	SMYIX	ANAZX	XAWFX
QGMIX		0.25	-0.21	-0.27	-0.1	-0.24	QGMIX
KGLCX	0.25		0.49	0.54	0.33	0.43	KGLCX
RGELX	-0.21	0.49		0.93	0.72	0.87	RGELX
SMYIX	-0.27	0.54	0.93		0.76	0.87	SMYIX
ANAZX	-0.1	0.33	0.72	0.76		0.85	ANAZX
XAWFX	-0.24	0.43	0.87	0.87	0.85		XAWFX
	QGMIX	KGLCX	RGELX	SMYIX	ANAZX	XAWFX

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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

SMYIX	+ 0.93	RGELX
XAWFX	+ 0.87	RGELX
XAWFX	+ 0.87	SMYIX
XAWFX	+ 0.85	ANAZX
ANAZX	+ 0.76	SMYIX
ANAZX	+ 0.72	RGELX

High negative correlations

SMYIX	- 0.27	QGMIX
XAWFX	- 0.24	QGMIX
RGELX	- 0.21	QGMIX
ANAZX	- 0.1	QGMIX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Bond 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 Strategic Bond'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
QGMIX	0.43	0.09	0.02	(0.97)	0.33	(0.52)	0.95	(0.64)	2.57
KGLCX	1.33	0.22	0.12	0.54	1.40	(1.55)	3.00	(2.32)	8.75
RGELX	0.57	0.03	(0.01)	0.14	0.92	(0.56)	1.33	(1.45)	4.33
SMYIX	0.69	0.01	(0.01)	0.08	1.10	(0.64)	1.48	(1.35)	4.86
ANAZX	0.18	(0.01)	(0.29)	(0.08)	0.18	(0.28)	0.29	(0.29)	1.31
XAWFX	0.12	(0.01)	(0.24)	(0.12)	0.18	(0.14)	0.18	(0.44)	0.88

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