Smead Funds Correlations
| SVXFX Fund | USD 57.03 0.53 0.94% |
The current 90-days correlation between Smead Funds Trust and Oakmark International Fund is 0.69 (i.e., Poor diversification). The correlation of Smead Funds 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.
Smead Funds Correlation With Market
Modest diversification
The correlation between Smead Funds Trust and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead Funds Trust and DJI in the same portfolio, assuming nothing else is changed.
Smead |
Moving together with Smead Mutual Fund
| 1.0 | SVXYX | Smead International Value | PairCorr |
| 1.0 | SVXCX | Smead International Value | PairCorr |
| 1.0 | SVXAX | Smead Funds Trust | PairCorr |
| 1.0 | SVXLX | Smead Funds Trust | PairCorr |
| 0.75 | DOXFX | Dodge Cox International | PairCorr |
| 0.76 | OANIX | Oakmark International | PairCorr |
| 0.75 | DODFX | Dodge International Stock | PairCorr |
| 0.76 | OAKIX | Oakmark International | PairCorr |
| 0.76 | OAYIX | Oakmark International | PairCorr |
| 0.76 | OAZIX | Oakmark International | PairCorr |
| 0.8 | FINVX | Fidelity Series Inte | PairCorr |
| 0.8 | VTRIX | Vanguard International | PairCorr |
| 0.76 | RRIGX | T Rowe Price | PairCorr |
Moving against Smead Mutual Fund
Related Correlations Analysis
| 0.9 | 1.0 | 1.0 | 1.0 | 0.91 | 0.96 | OANIX | ||
| 0.9 | 0.89 | 0.89 | 0.9 | 0.8 | 0.94 | DODFX | ||
| 1.0 | 0.89 | 1.0 | 1.0 | 0.91 | 0.96 | OAKIX | ||
| 1.0 | 0.89 | 1.0 | 1.0 | 0.91 | 0.96 | OAYIX | ||
| 1.0 | 0.9 | 1.0 | 1.0 | 0.91 | 0.96 | OAZIX | ||
| 0.91 | 0.8 | 0.91 | 0.91 | 0.91 | 0.93 | FINVX | ||
| 0.96 | 0.94 | 0.96 | 0.96 | 0.96 | 0.93 | VTRIX | ||
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Risk-Adjusted Indicators
There is a big difference between Smead Mutual Fund performing well and Smead Funds 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 Smead Funds' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OANIX | 0.81 | (0.11) | 0.00 | (0.22) | 0.00 | 1.62 | 6.01 | |||
| DODFX | 0.62 | (0.08) | 0.00 | (0.05) | 0.00 | 1.18 | 4.42 | |||
| OAKIX | 0.81 | (0.11) | 0.00 | (0.22) | 0.00 | 1.62 | 6.00 | |||
| OAYIX | 0.81 | (0.11) | 0.00 | (0.22) | 0.00 | 1.61 | 6.01 | |||
| OAZIX | 0.81 | (0.11) | 0.00 | (0.21) | 0.00 | 1.61 | 6.00 | |||
| FINVX | 0.70 | (0.14) | 0.00 | (0.11) | 0.00 | 1.18 | 4.12 | |||
| VTRIX | 0.66 | (0.12) | 0.00 | (0.15) | 0.00 | 1.36 | 4.84 |