Blue Chip Correlations

VCBCX Fund

USD 20.43 0.19 0.92%

The current 90-days correlation between Blue Chip Growth and Valic Company I is 0.02 (i.e., Significant diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Very good diversification

The correlation between Blue Chip Growth and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Chip Growth 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 Blue Chip Growth. 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 unemployment.

Moving together with Blue Mutual Fund

0.99	VAPPX	Valic Company I	Pair Corr
0.61	VCAAX	Asset Allocation	Pair Corr
0.62	VCNIX	Nasdaq 100 Index	Pair Corr
0.8	VCULX	Growth Fund Growth	Pair Corr
1.0	VIGAX	Vanguard Growth Index	Pair Corr
0.61	AGTHX	Growth Fund	Pair Corr
0.79	GFACX	Growth Fund	Pair Corr
0.77	GFAFX	Growth Fund	Pair Corr

Moving against Blue Mutual Fund

0.74	VCBDX	Valic Company I	Pair Corr
0.72	VCFVX	Foreign Value	Pair Corr
0.71	VCGEX	Emerging Economies	Pair Corr
0.71	VCSOX	Global Social Awareness	Pair Corr
0.7	VCIFX	International Government	Pair Corr
0.7	VCTPX	Inflation Protected	Pair Corr
0.69	VCIEX	International Equities	Pair Corr
0.68	VVMCX	Valic Company I	Pair Corr
0.67	VSSVX	Small Cap Special	Pair Corr
0.67	VCGSX	Government Securities	Pair Corr
0.65	VCIGX	Valic Company I	Pair Corr
0.64	VMIDX	Mid Cap Index	Pair Corr
0.57	VBCVX	Broad Cap Value	Pair Corr
0.43	VCSLX	Small Cap Index	Pair Corr
0.81	VGREX	Global Real Estate	Pair Corr
0.72	SRINX	Columbia Porate Income	Pair Corr
0.69	LIIAX	Columbia Porate Income	Pair Corr
0.65	VVSCX	Valic Company I	Pair Corr
0.63	VIOPX	Valic Company I	Pair Corr
0.59	VGLSX	Global Strategy	Pair Corr
0.55	VHYLX	Valic Company I	Pair Corr
0.54	VGCLX	Valic Company I	Pair Corr
0.47	VLSMX	Valic Company I	Pair Corr
0.43	VLAGX	Valic Company I	Pair Corr
0.32	WHIAX	Ivy High Income	Pair Corr
0.32	IHIFX	Ivy High Income	Pair Corr

Related Correlations Analysis

	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX
VMIDX		0.5	-0.66	0.64	0.62	0.97	0.96	0.14	0.77	VMIDX
VMSGX	0.5		0.25	0.88	0.8	0.4	0.47	0.7	0.11	VMSGX
VAPPX	-0.66	0.25		0.12	0.14	-0.68	-0.58	0.57	-0.78	VAPPX
VSRDX	0.64	0.88	0.12		0.94	0.57	0.68	0.76	0.28	VSRDX
VSTIX	0.62	0.8	0.14	0.94		0.57	0.69	0.83	0.24	VSTIX
VSSVX	0.97	0.4	-0.68	0.57	0.57		0.96	0.08	0.69	VSSVX
VBCVX	0.96	0.47	-0.58	0.68	0.69	0.96		0.21	0.67	VBCVX
VCAAX	0.14	0.7	0.57	0.76	0.83	0.08	0.21		-0.08	VCAAX
VCBDX	0.77	0.11	-0.78	0.28	0.24	0.69	0.67	-0.08		VCBDX
	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX

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

VSSVX	+ 0.97	VMIDX
VBCVX	+ 0.96	VMIDX
VBCVX	+ 0.96	VSSVX
VSTIX	+ 0.94	VSRDX
VSRDX	+ 0.88	VMSGX
VCAAX	+ 0.83	VSTIX

High negative correlations

VCBDX	- 0.78	VAPPX
VSSVX	- 0.68	VAPPX
VAPPX	- 0.66	VMIDX
VBCVX	- 0.58	VAPPX
VCBDX	- 0.08	VCAAX

Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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
VMIDX	0.65	0.11	0.13	0.19	0.44	(0.72)	1.73	(1.28)	4.84
VMSGX	0.82	0.00	0.00	0.08	0.93	(0.89)	1.54	(1.92)	5.44
VAPPX	0.71	(0.09)	0.00	(0.04)	0.00	0.00	1.29	(1.78)	4.84
VSRDX	0.60	0.01	0.00	0.09	0.75	(0.64)	1.15	(1.44)	4.24
VSTIX	0.52	0.00	(0.03)	0.08	0.62	(0.56)	0.92	(1.15)	3.60
VSSVX	0.76	0.08	0.10	0.16	0.57	(0.95)	2.23	(1.27)	4.55
VBCVX	0.51	0.07	0.07	0.17	0.43	(0.56)	1.37	(0.84)	3.29
VCAAX	0.32	(0.02)	(0.15)	0.03	0.38	(0.37)	0.71	(0.70)	2.34
VCBDX	0.15	0.02	(0.28)	2.87	0.00	(0.22)	0.30	(0.29)	0.69

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