High Yield Correlations
| RYHHX Fund | USD 94.79 0.09 0.1% |
The current 90-days correlation between High Yield Strategy and Guggenheim Managed Futures is 0.19 (i.e., Average diversification). The correlation of High Yield 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.
High Yield Correlation With Market
Average diversification
The correlation between High Yield Strategy and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Yield Strategy and DJI in the same portfolio, assuming nothing else is changed.
High |
Moving together with High Mutual Fund
| 0.67 | RYBKX | Banking Fund Class | PairCorr |
| 0.89 | RYBHX | Sp Midcap 400 | PairCorr |
| 0.8 | RYAHX | Mid Cap 15x | PairCorr |
| 0.81 | RYAZX | Sp Smallcap 600 | PairCorr |
| 0.8 | RYAVX | Sp Midcap 400 | PairCorr |
| 0.61 | RYDCX | Mid Cap 15x | PairCorr |
Moving against High Mutual Fund
| 0.69 | RYACX | Inverse Nasdaq 100 | PairCorr |
| 0.65 | RYAIX | Inverse Nasdaq 100 | PairCorr |
| 0.61 | RYAFX | Inverse Russell 2000 | PairCorr |
| 0.54 | RYAGX | Inverse Mid Cap | PairCorr |
| 0.51 | RYARX | Inverse Sp 500 | PairCorr |
| 0.34 | RYABX | Government Long Bond | PairCorr |
| 0.32 | RYALX | Inverse Nasdaq 100 | PairCorr |
| 0.56 | RYAUX | Utilities Fund Class | PairCorr |
| 0.35 | RYCGX | Government Long Bond | PairCorr |
| 0.32 | RYAPX | Inverse Nasdaq 100 | PairCorr |
| 0.61 | RYCQX | Inverse Russell 2000 | PairCorr |
| 0.56 | RYCWX | Inverse Dow 2x | PairCorr |
| 0.53 | RYCLX | Inverse Mid Cap | PairCorr |
| 0.51 | RYCBX | Inverse Sp 500 | PairCorr |
| 0.5 | RYCIX | Consumer Products | PairCorr |
| 0.46 | RYCDX | Rydex Inverse Nasdaq | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between High Mutual Fund performing well and High Yield 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 High Yield'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RYMFX | 0.67 | (0.07) | 0.00 | (0.02) | 0.00 | 1.22 | 8.18 | |||
| MASFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MASNX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LVAMX | 0.45 | 0.04 | (0.04) | 0.41 | 0.55 | 1.02 | 2.50 | |||
| RIVSX | 0.88 | 0.09 | 0.01 | (1.56) | 1.18 | 2.07 | 5.19 | |||
| EMSLX | 0.74 | (0.01) | (0.03) | 0.06 | 1.24 | 1.26 | 5.29 | |||
| BGRWX | 0.74 | 0.30 | 0.30 | 249.26 | 0.21 | 1.22 | 14.47 | |||
| CSCVX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RYBCX | 1.21 | (0.04) | 0.00 | (0.21) | 0.00 | 2.07 | 14.04 | |||
| GAAEX | 0.91 | (0.04) | (0.02) | 0.04 | 1.33 | 1.83 | 5.16 |