Income Fund Correlations

UIINX Fund

USD 11.81 0.01 0.08%

The correlation of Income Fund 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.

Income Fund Correlation With Market

Poor diversification

The correlation between Income Fund Income and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Income 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 Income Fund Income. 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 inflation.

Moving together with Income Mutual Fund

0.67	UICGX	Capital Growth	Pair Corr
0.8	UIEMX	Emerging Markets	Pair Corr
0.71	UIHIX	High Income Fund	Pair Corr
0.74	UIIFX	International Fund	Pair Corr
0.66	UIGIX	Growth Income	Pair Corr
0.92	UIGSX	Government Securities	Pair Corr
0.74	UIISX	Income Stock	Pair Corr
0.92	UIITX	Intermediate Term Bond	Pair Corr
0.75	UIPMX	Precious Metals And Steady Growth	Pair Corr
0.81	UISBX	Short Term Bond	Pair Corr
0.75	UISCX	Small Cap Stock	Pair Corr
0.69	UIVAX	Value Fund Value	Pair Corr
0.65	UIWGX	World Growth	Pair Corr
0.92	URIBX	Intermediate Term Bond	Pair Corr
0.98	URIFX	Income Fund Income	Pair Corr
0.95	URGSX	Government Securities	Pair Corr
0.8	URHIX	High Income Fund	Pair Corr
0.81	URUSX	Ultra Short Term	Pair Corr
0.74	UTMAX	Target Managed Allocation	Pair Corr
0.79	UUSIX	Ultra Short Term	Pair Corr
0.79	UGOFX	Global Managed Volatility	Pair Corr
0.92	DODIX	Dodge Income	Pair Corr
0.92	DOXIX	Dodge Cox Income	Pair Corr
0.89	FIWGX	Strategic Advisers	Pair Corr
0.85	MWTNX	Metropolitan West Total	Pair Corr
0.86	MWTSX	Metropolitan West Total	Pair Corr
0.93	PTTPX	Pimco Total Return	Pair Corr
0.93	PTRRX	Total Return	Pair Corr
0.93	PTRAX	Total Return	Pair Corr
0.93	PTTRX	Total Return	Pair Corr
0.92	PDBSX	Prudential Total Return	Pair Corr
0.91	AWP	Aberdeen Global Premier	Pair Corr
0.73	EKWDX	Wells Fargo Advantage	Pair Corr
0.83	OEPIX	Oil Equipment Services Steady Growth	Pair Corr

Moving against Income Mutual Fund

0.4	UIGRX	Growth Fund Growth	Pair Corr
0.6	CISGX	Touchstone Sands Capital	Pair Corr
0.48	UIAGX	Aggressive Growth	Pair Corr

Related Correlations Analysis

	UICGX	UIEMX	UIHIX	UIIFX	UIGIX	UIGSX	UIGRX	UIISX	UIITX
UICGX		0.92	0.9	0.99	1.0	0.74	-0.14	0.99	0.59	UICGX
UIEMX	0.92		0.9	0.97	0.9	0.85	-0.36	0.95	0.72	UIEMX
UIHIX	0.9	0.9		0.91	0.9	0.73	-0.04	0.9	0.6	UIHIX
UIIFX	0.99	0.97	0.91		0.98	0.81	-0.25	0.99	0.66	UIIFX
UIGIX	1.0	0.9	0.9	0.98		0.73	-0.09	0.98	0.58	UIGIX
UIGSX	0.74	0.85	0.73	0.81	0.73		-0.47	0.81	0.96	UIGSX
UIGRX	-0.14	-0.36	-0.04	-0.25	-0.09	-0.47		-0.27	-0.47	UIGRX
UIISX	0.99	0.95	0.9	0.99	0.98	0.81	-0.27		0.67	UIISX
UIITX	0.59	0.72	0.6	0.66	0.58	0.96	-0.47	0.67		UIITX
	UICGX	UIEMX	UIHIX	UIIFX	UIGIX	UIGSX	UIGRX	UIISX	UIITX

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

UIGIX	+ 1.0	UICGX
UIIFX	+ 0.99	UICGX
UIISX	+ 0.99	UICGX
UIISX	+ 0.99	UIIFX
UIGIX	+ 0.98	UIIFX
UIISX	+ 0.98	UIGIX

High negative correlations

UIITX	- 0.47	UIGRX
UIGRX	- 0.47	UIGSX
UIGRX	- 0.36	UIEMX
UIISX	- 0.27	UIGRX
UIGRX	- 0.25	UIIFX
UIGRX	- 0.14	UICGX

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income Fund 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 Income Fund'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
UICGX	0.69	0.23	0.26	0.46	0.32	(0.84)	1.11	(1.14)	11.34
UIEMX	0.76	0.30	0.32	0.64	0.25	(0.93)	2.15	(1.27)	7.16
UIHIX	0.09	0.01	(0.24)	0.49	0.00	(0.16)	0.15	(0.15)	0.87
UIIFX	0.74	0.32	0.34	0.61	0.18	(0.86)	1.60	(1.33)	11.17
UIGIX	0.57	0.15	0.18	0.32	0.33	(0.69)	1.14	(0.91)	8.57
UIGSX	0.13	0.02	(0.29)	0.94	0.00	(0.18)	0.33	(0.22)	0.67
UIGRX	0.69	(0.11)	0.00	(0.07)	0.00	0.00	1.27	(1.88)	4.44
UIISX	0.65	0.24	0.33	0.47	0.00	(0.84)	1.57	(0.93)	9.57
UIITX	0.14	0.02	(0.25)	0.68	0.00	(0.20)	0.32	(0.22)	0.76

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