International Government Correlations

VCIFX Fund

USD 10.00 0.01 0.1%

The current 90-days correlation between International Government and Mid Cap Index is -0.03 (i.e., Good diversification). The correlation of International Government 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.

International Government Correlation With Market

Good diversification

The correlation between International Government Bond and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Government Bond 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 International Government Bond. 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 census.

Moving together with International Mutual Fund

0.98	VCBDX	Valic Company I	Pair Corr
0.98	VCGSX	Government Securities	Pair Corr
0.85	VCFVX	Foreign Value	Pair Corr
0.84	VCIEX	International Equities	Pair Corr
0.99	VCTPX	Inflation Protected	Pair Corr
0.87	VCSOX	Global Social Awareness	Pair Corr
0.89	VGREX	Global Real Estate	Pair Corr
0.91	VIOPX	Valic Company I	Pair Corr
0.99	FGBRX	Templeton Global Bond	Pair Corr
0.99	FBNRX	Templeton Global Bond	Pair Corr
1.0	FCWBX	Capital World Bond	Pair Corr
0.99	RCWBX	Capital World Bond	Pair Corr

Moving against International Mutual Fund

0.76	VAPPX	Valic Company I	Pair Corr
0.74	VMSGX	Mid Cap Strategic	Pair Corr
0.74	VBCVX	Broad Cap Value	Pair Corr
0.74	VCBCX	Blue Chip Growth	Pair Corr
0.73	VCGAX	Growth Income	Pair Corr
0.71	VSTIX	Stock Index Fund	Pair Corr
0.71	VCSTX	Science Technology	Pair Corr
0.7	VMIDX	Mid Cap Index	Pair Corr
0.7	VCNIX	Nasdaq 100 Index	Pair Corr
0.7	VCULX	Growth Fund Growth	Pair Corr
0.69	VVMCX	Valic Company I	Pair Corr
0.68	VCSLX	Small Cap Index	Pair Corr
0.66	VSRDX	Valic Company I	Pair Corr
0.66	VCIGX	Valic Company I	Pair Corr
0.63	VSSVX	Small Cap Special	Pair Corr
0.58	VCAAX	Asset Allocation	Pair Corr
0.52	VVSGX	Valic Company I	Pair Corr
0.35	VDAFX	Dynamic Allocation	Pair Corr
0.87	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.7	SMPIX	Semiconductor Ultrasector	Pair Corr
0.69	SMPSX	Semiconductor Ultrasector	Pair Corr
0.68	RMQAX	Monthly Rebalance	Pair Corr
0.63	VVSCX	Valic Company I	Pair Corr
0.59	RSNRX	Victory Global Natural	Pair Corr
0.59	RSNYX	Victory Global Natural	Pair Corr
0.59	RGNCX	Victory Global Natural	Pair Corr
0.57	FIKGX	Fidelity Advisor Sem	Pair Corr
0.47	VLCGX	Large Capital Growth	Pair Corr
0.44	VLAGX	Valic Company I	Pair Corr

Related Correlations Analysis

	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX
VMIDX		0.98	0.96	0.95	0.96	0.95	0.97	0.93	-0.7	0.95	VMIDX
VMSGX	0.98		0.97	0.95	0.97	0.9	0.97	0.93	-0.72	0.96	VMSGX
VAPPX	0.96	0.97		0.98	0.99	0.85	0.95	0.95	-0.77	1.0	VAPPX
VSRDX	0.95	0.95	0.98		0.99	0.83	0.96	0.98	-0.68	0.98	VSRDX
VSTIX	0.96	0.97	0.99	0.99		0.85	0.97	0.98	-0.72	0.99	VSTIX
VSSVX	0.95	0.9	0.85	0.83	0.85		0.89	0.82	-0.6	0.85	VSSVX
VBCVX	0.97	0.97	0.95	0.96	0.97	0.89		0.94	-0.73	0.94	VBCVX
VCAAX	0.93	0.93	0.95	0.98	0.98	0.82	0.94		-0.58	0.96	VCAAX
VCBDX	-0.7	-0.72	-0.77	-0.68	-0.72	-0.6	-0.73	-0.58		-0.75	VCBDX
VCBCX	0.95	0.96	1.0	0.98	0.99	0.85	0.94	0.96	-0.75		VCBCX
	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VCBCX	+ 1.0	VAPPX
VSTIX	+ 0.99	VAPPX
VSTIX	+ 0.99	VSRDX
VCBCX	+ 0.99	VSTIX
VMSGX	+ 0.98	VMIDX
VSRDX	+ 0.98	VAPPX

High negative correlations

VCBDX	- 0.77	VAPPX
VCBCX	- 0.75	VCBDX
VCBDX	- 0.73	VBCVX
VCBDX	- 0.72	VSTIX
VCBDX	- 0.72	VMSGX
VCBDX	- 0.7	VMIDX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Government 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 International Government'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	0.72	0.00	0.03	0.12	0.64	(0.79)	1.73	(1.19)	5.20
VMSGX	0.71	0.06	0.08	0.18	0.64	(0.81)	1.60	(1.17)	4.39
VAPPX	0.75	0.01	0.01	0.13	1.17	(0.73)	1.50	(2.13)	4.99
VSRDX	0.58	(0.01)	(0.04)	0.11	0.65	(0.62)	1.12	(1.39)	3.62
VSTIX	0.56	0.00	(0.02)	0.12	0.65	(0.60)	1.17	(1.31)	3.85
VSSVX	0.86	(0.03)	0.02	0.10	0.75	(1.04)	1.84	(1.23)	7.23
VBCVX	0.53	0.02	0.01	0.15	0.32	(0.62)	1.18	(0.88)	3.80
VCAAX	0.36	(0.01)	(0.13)	0.09	0.39	(0.42)	0.74	(0.84)	2.63
VCBDX	0.23	(0.02)	0.00	0.52	0.00	0.00	0.41	(0.61)	1.42
VCBCX	0.72	0.00	(0.01)	0.12	1.03	(0.69)	1.69	(2.18)	4.92

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

2024 Macroaxis LLC