Core Plus Correlations

WCPBX Fund

USD 9.57 0.01 0.10%

The current 90-days correlation between Core Plus Income and Strategic Advisers Income is 0.06 (i.e., Significant diversification). The correlation of Core Plus 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.

Core Plus Correlation With Market

Modest diversification

The correlation between Core Plus Income and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Plus Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Core Plus 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 bureau of labor statistics.

Moving together with Core Mutual Fund

0.62	WBAIX	Weitz Balanced	Pair Corr
1.0	WCPNX	Core Plus Income	Pair Corr
0.82	WNTFX	Nebraska Tax Free	Pair Corr
0.62	WPOIX	Partners Iii Opportunity	Pair Corr
0.63	WPOPX	Partners Iii Opportunity	Pair Corr
0.96	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
0.88	DODIX	Dodge Income	Pair Corr
0.97	MWTIX	Metropolitan West Total	Pair Corr
0.96	MWTRX	Metropolitan West Total	Pair Corr
0.68	BRUFX	Bruce Fund Bruce	Pair Corr
0.81	BDHAX	Blackrock High Income	Pair Corr
0.8	TDOTX	Cleartrack 2025 Class	Pair Corr

Moving against Core Mutual Fund

0.63	XGEIX	Guggenheim Energy Income	Pair Corr
0.39	RYMEX	Commodities Strategy	Pair Corr
0.39	RYMJX	Commodities Strategy	Pair Corr
0.34	RYMBX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	FPIOX	DNHYX	JYHRX	SEIYX	ARTFX	BUFHX
FPIOX		0.97	0.93	0.96	0.99	0.89	FPIOX
DNHYX	0.97		0.93	0.94	0.96	0.89	DNHYX
JYHRX	0.93	0.93		0.87	0.91	0.86	JYHRX
SEIYX	0.96	0.94	0.87		0.97	0.86	SEIYX
ARTFX	0.99	0.96	0.91	0.97		0.9	ARTFX
BUFHX	0.89	0.89	0.86	0.86	0.9		BUFHX
	FPIOX	DNHYX	JYHRX	SEIYX	ARTFX	BUFHX

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Risk-Adjusted Indicators

There is a big difference between Core Mutual Fund performing well and Core Plus 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 Core Plus' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FPIOX	0.15	0.03	(0.25)	8.15	(0.23)	0.57	(0.23)	1.04
DNHYX	0.13	0.02	(0.25)	1.18	(0.18)	0.23	(0.23)	1.04
JYHRX	0.13	0.01	(0.31)	0.25	(0.19)	0.31	(0.30)	1.07
SEIYX	0.16	0.02	(0.26)	(3.66)	(0.28)	0.39	(0.20)	1.17
ARTFX	0.11	0.02	(0.31)	(11.49)	(0.18)	0.44	(0.22)	1.10
BUFHX	0.08	0.03	(0.40)	1.53	(0.13)	0.19	(0.09)	0.66

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