Growth Income Correlations

USGRX Fund

USD 24.45 0.08 0.33%

The current 90-days correlation between Growth Income and Invesco Energy Fund is 0.42 (i.e., Very weak diversification). The correlation of Growth Income 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.

Growth Income Correlation With Market

Modest diversification

The correlation between Growth Income Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Income 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 Growth Income 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 metropolitan statistical area.

Moving together with Growth Mutual Fund

0.66	UINCX	Income Fund Income	Pair Corr
0.96	SRVEX	Victory Diversified Stock	Pair Corr
0.66	UITBX	Intermediate Term Bond	Pair Corr
0.71	UITCX	Usaa Intermediate Term	Pair Corr
0.68	GUTEX	Victory Tax Exempt	Pair Corr
0.95	SSGSX	Victory Sycamore Small	Pair Corr
0.92	SBALX	Victory Strategic	Pair Corr
0.95	SSVSX	Victory Special Value	Pair Corr
0.87	SBFCX	Victory Incore Investment	Pair Corr
0.86	SBFMX	Victory Portfolios	Pair Corr
0.97	MMECX	Victory Integrity	Pair Corr
0.92	MMEAX	Victory Integrity	Pair Corr
0.9	RPPRX	Victory Rs Partners	Pair Corr
1.0	MMIJX	Victory Integrity Mid	Pair Corr
0.92	MMMMX	Victory Integrity	Pair Corr
0.98	MMMSX	Victory Integrity	Pair Corr
0.69	ULTIX	Usaa Tax Exempt	Pair Corr
0.95	MNNAX	Victory Munder Multi	Pair Corr
0.7	RSEGX	Victory Rs Small	Pair Corr
0.76	RSGRX	Victory Rs Growth	Pair Corr
0.95	RSINX	Victory Rs Investors	Pair Corr
0.94	RSIYX	Victory Rs Investors	Pair Corr
0.91	RSPFX	Victory Rs Partners	Pair Corr
0.78	RSNRX	Victory Global Natural	Pair Corr

Moving against Growth Mutual Fund

0.69	RSFYX	Victory Floating Rate	Pair Corr
0.47	RSDYX	Victory Incore Low	Pair Corr
0.41	IPFIX	Victory Incore	Pair Corr
0.67	RSFCX	Victory Floating Rate	Pair Corr
0.66	RSFMX	Victory Floating Rate	Pair Corr
0.66	RSFLX	Victory Floating Rate	Pair Corr

Related Correlations Analysis

	IEFCX	VLPIX	AIWEX	FSLEX	HNRGX	FIKAX	PDX
IEFCX		0.62	0.73	0.24	0.88	0.99	0.38	IEFCX
VLPIX	0.62		0.92	0.74	0.88	0.63	0.71	VLPIX
AIWEX	0.73	0.92		0.63	0.88	0.74	0.59	AIWEX
FSLEX	0.24	0.74	0.63		0.54	0.26	0.54	FSLEX
HNRGX	0.88	0.88	0.88	0.54		0.88	0.69	HNRGX
FIKAX	0.99	0.63	0.74	0.26	0.88		0.39	FIKAX
PDX	0.38	0.71	0.59	0.54	0.69	0.39		PDX
	IEFCX	VLPIX	AIWEX	FSLEX	HNRGX	FIKAX	PDX

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Income 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 Growth Income'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
IEFCX	0.76	0.02	(0.04)	0.17	1.07	(0.69)	1.25	(1.73)	5.01
VLPIX	0.87	0.13	0.04	0.57	1.16	(0.92)	1.93	(2.10)	6.50
AIWEX	0.96	0.07	0.00	0.42	1.59	(1.03)	1.90	(1.66)	11.65
FSLEX	0.88	0.04	(0.01)	0.18	1.43	(0.82)	1.84	(1.92)	6.96
HNRGX	0.85	0.09	0.02	0.43	1.04	(0.88)	1.71	(1.83)	7.42
FIKAX	0.84	0.01	(0.05)	0.11	1.08	(0.86)	1.42	(1.87)	6.03
PDX	1.80	0.20	0.05	0.41	2.78	(2.11)	3.33	(3.19)	31.15

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