Thrivent Low Correlations

TLVOX Fund

USD 11.87 0.00 0.00%

The current 90-days correlation between Thrivent Low Volatility and Blackrock Science Technology is -0.05 (i.e., Good diversification). The correlation of Thrivent Low 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.

Thrivent Low Correlation With Market

Good diversification

The correlation between Thrivent Low Volatility and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrivent Low Volatility and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 persons.

Moving together with Thrivent Mutual Fund

0.78	TWAAX	Thrivent Partner Wor	Pair Corr
0.77	TWAIX	Thrivent Partner Wor	Pair Corr
0.7	AAINX	Thrivent Opportunity	Pair Corr
0.64	TMBIX	Thrivent Municipal Bond	Pair Corr
0.8	LBIIX	Thrivent Income	Pair Corr
0.81	LUBIX	Thrivent Income	Pair Corr
0.82	TBFAX	Thrivent Government Bond	Pair Corr
0.82	TBFIX	Thrivent Government Bond	Pair Corr
0.68	IIINX	Thrivent Opportunity	Pair Corr

Moving against Thrivent Mutual Fund

0.6	TMCVX	Thrivent Mid Cap	Pair Corr
0.55	THLCX	Thrivent Large Cap	Pair Corr
0.55	AAAGX	Thrivent Large Cap	Pair Corr
0.54	AAUTX	Thrivent Large Cap	Pair Corr
0.54	TLVIX	Thrivent Large Cap	Pair Corr
0.48	TAAAX	Thrivent Aggressive	Pair Corr
0.44	AASCX	Thrivent Mid Cap	Pair Corr
0.44	TMSIX	Thrivent Mid Cap	Pair Corr
0.41	THMAX	Thrivent Moderate	Pair Corr
0.41	TMAIX	Thrivent Moderate	Pair Corr
0.41	TMAAX	Thrivent Moderately	Pair Corr
0.59	VTSAX	Vanguard Total Stock	Pair Corr
0.59	VSMPX	Vanguard Total Stock	Pair Corr
0.59	VSTSX	Vanguard Total Stock	Pair Corr
0.59	VITSX	Vanguard Total Stock	Pair Corr
0.58	VTSMX	Vanguard Total Stock	Pair Corr
0.57	VFIAX	Vanguard 500 Index	Pair Corr
0.57	VFINX	Vanguard 500 Index	Pair Corr
0.55	TSCSX	Thrivent Small Cap	Pair Corr
0.53	TSCGX	Thrivent Small Cap	Pair Corr
0.48	TAAIX	Thrivent Aggressive	Pair Corr
0.33	IILGX	Thrivent Large Cap	Pair Corr

Related Correlations Analysis

	BSTSX	TOWTX	ROGSX	USTCX	ITYYX	VITAX	TEPIX
BSTSX		0.87	0.94	0.98	0.97	0.99	0.98	BSTSX
TOWTX	0.87		0.94	0.84	0.8	0.88	0.91	TOWTX
ROGSX	0.94	0.94		0.89	0.86	0.93	0.97	ROGSX
USTCX	0.98	0.84	0.89		0.99	0.98	0.94	USTCX
ITYYX	0.97	0.8	0.86	0.99		0.97	0.92	ITYYX
VITAX	0.99	0.88	0.93	0.98	0.97		0.98	VITAX
TEPIX	0.98	0.91	0.97	0.94	0.92	0.98		TEPIX
	BSTSX	TOWTX	ROGSX	USTCX	ITYYX	VITAX	TEPIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Thrivent Mutual Fund performing well and Thrivent Low 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 Thrivent Low'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
BSTSX	1.00	0.00	0.01	0.12	1.49	(0.99)	1.88	(2.49)	6.75
TOWTX	0.53	(0.04)	(0.09)	0.06	0.73	(0.56)	1.08	(1.32)	3.71
ROGSX	0.87	(0.09)	(0.05)	0.04	1.35	(0.85)	1.70	(2.51)	5.59
USTCX	0.91	0.04	0.03	0.15	1.22	(0.88)	2.39	(2.53)	6.28
ITYYX	0.96	0.09	0.08	0.20	1.26	(0.98)	2.50	(2.43)	6.05
VITAX	0.96	(0.01)	0.01	0.11	1.40	(0.92)	1.98	(2.45)	6.25
TEPIX	1.50	(0.08)	0.00	0.07	2.23	(1.47)	2.84	(3.72)	9.83

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