High Yield Correlations

Mutual Funds . USA . 
Fund . High Yield Fund
THYUX Fund  USD 3.24  0.01  0.31%   
The current 90-days correlation between High Yield Fund and Balanced Fund Retail is 0.45 (i.e., Very weak 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

Very poor diversification

The correlation between High Yield Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Yield Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in High Yield 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 population.

Moving together with High Mutual Fund

  0.88TEMUX Emerging Markets EquityPairCorr
  0.94DINDX Global Fixed IncomePairCorr
  0.85MLMAX Global E PortfolioPairCorr
  0.84MLMCX Global E PortfolioPairCorr
  0.77MLNSX Global Centrated PorPairCorr
  0.85MLMIX Global E PortfolioPairCorr
  0.85MLMSX Global E PortfolioPairCorr
  0.76MLNCX Global Centrated PorPairCorr
  0.77MLNAX Global Centrated PorPairCorr
  0.77MLNIX Global Centrated PorPairCorr
  0.63TIFUX International FixedPairCorr
  0.89TIEUX International EquityPairCorr
  0.9MPBAX Global StrategistPairCorr
  0.85MPFDX Corporate Bond PortfolioPairCorr
  0.88MRHYX Msift High YieldPairCorr
  0.9MAIJX Morgan Stanley InstiPairCorr
  0.9MAIHX Morgan Stanley InstiPairCorr
  0.78MSBOX Corporate Bond PortfolioPairCorr
  0.9MSAAX Active InternationalPairCorr
  0.92MSACX Active InternationalPairCorr
  0.7MSALX International AdvantagePairCorr

Moving against High Mutual Fund

  0.73MMKBX Emerging Markets PorPairCorr
  0.73MMMPX Msif Emerging MarketsPairCorr
  0.73MRGEX Msif Emerging MarketsPairCorr
  0.49MPAIX Advantage Portfolio ClassPairCorr
  0.48MADSX Msif Advantage PortPairCorr
  0.75MSECX Msif Intl EquityPairCorr
  0.51MSCOX Msif Small PanyPairCorr
  0.49MAPPX Advantage Portfolio ClassPairCorr
  0.49MAPLX Advantage Portfolio ClassPairCorr
  0.35MSCMX Morgan Stanley MultiPairCorr

Related Correlations Analysis


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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY