Siit E Correlations
| SCOAX Fund | USD 8.76 0.01 0.11% |
The current 90-days correlation between Siit E Fixed and Vanguard Total Bond is 0.98 (i.e., Almost no diversification). The correlation of Siit E 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.
Siit E Correlation With Market
Average diversification
The correlation between Siit E Fixed and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit E Fixed and DJI in the same portfolio, assuming nothing else is changed.
Siit |
Moving together with Siit Mutual Fund
| 0.72 | SAAAX | Simt Multi Asset | PairCorr |
| 0.85 | SBDAX | Stet California Municipal | PairCorr |
| 1.0 | SCFYX | Simt E Fixed | PairCorr |
| 0.97 | CFVAX | Catholic Values Fixed | PairCorr |
| 0.97 | CFVYX | Catholic Values Fixed | PairCorr |
| 1.0 | SCXIX | Sei Insti Mgd | PairCorr |
| 0.82 | SCYYX | Stet California Municipal | PairCorr |
Moving against Siit Mutual Fund
| 0.7 | SSPIX | Simt Sp 500 | PairCorr |
| 0.68 | SSCGX | Simt Small Cap | PairCorr |
| 0.68 | STMPX | Simt Tax Managed | PairCorr |
| 0.68 | STMSX | Simt Tax Managed | PairCorr |
| 0.67 | TFCYX | Tax Free Conservative | PairCorr |
| 0.66 | STDAX | Saat Defensive Strategy | PairCorr |
| 0.65 | ENIAX | Siit Opportunistic Income | PairCorr |
| 0.63 | SSMAX | Siit Small Mid | PairCorr |
| 0.57 | TFCAX | Tax Free Conservative | PairCorr |
| 0.56 | STLYX | Simt Tax Managed | PairCorr |
| 0.4 | SSGAX | Saat Aggressive Strategy | PairCorr |
| 0.37 | SASDX | Saat Aggressive Strategy | PairCorr |
| 0.79 | SDYAX | Simt Dynamic Asset | PairCorr |
| 0.79 | SDYYX | Simt Dynamic Asset | PairCorr |
| 0.78 | SDLAX | Siit Dynamic Asset | PairCorr |
| 0.74 | SCPAX | Siit Large Cap | PairCorr |
| 0.67 | SVAYX | Simt Large Cap | PairCorr |
| 0.67 | SECAX | Siit Small Cap | PairCorr |
| 0.6 | SUSYX | Simt Managed Volatility | PairCorr |
| 0.6 | SVOAX | Simt Managed Volatility | PairCorr |
| 0.45 | SUSAX | Siit Ultra Short | PairCorr |
| 0.43 | SEAIX | Saat Aggressive Strategy | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Siit Mutual Fund performing well and Siit E 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 Siit E'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VBTLX | 0.22 | (0.04) | 0.00 | (0.87) | 0.00 | 0.42 | 1.36 | |||
| VBMFX | 0.22 | (0.04) | 0.00 | (0.91) | 0.00 | 0.42 | 1.36 | |||
| VBTIX | 0.22 | (0.04) | 0.00 | (0.87) | 0.00 | 0.42 | 1.36 | |||
| VTBSX | 0.22 | (0.04) | 0.00 | (0.91) | 0.00 | 0.42 | 1.36 | |||
| VTBIX | 0.22 | (0.03) | 0.00 | 0.50 | 0.00 | 0.42 | 1.27 | |||
| VTBNX | 0.22 | (0.03) | 0.00 | 0.50 | 0.00 | 0.42 | 1.27 | |||
| BFAFX | 0.22 | (0.04) | 0.00 | 0.66 | 0.00 | 0.44 | 1.30 | |||
| BFACX | 0.22 | (0.04) | 0.00 | 0.71 | 0.00 | 0.44 | 1.30 | |||
| FFBOX | 0.23 | (0.04) | 0.00 | (0.77) | 0.00 | 0.44 | 1.30 |