Wilshire Income Correlations

WIORX Fund

USD 9.01 0.04 0.45%

The current 90-days correlation between Wilshire Income Opport and Siit High Yield is 0.16 (i.e., Average diversification). The correlation of Wilshire 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.

Wilshire Income Correlation With Market

Good diversification

The correlation between Wilshire Income Opport and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilshire Income Opport 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 Wilshire Income Opport. 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 Wilshire Mutual Fund

0.97	WIOPX	Wilshire Income Opport	Pair Corr
0.92	PONAX	Pimco Income	Pair Corr
0.95	PONCX	Pimco Income	Pair Corr
0.9	PIPNX	Pimco Income	Pair Corr
0.92	PONRX	Pimco Income	Pair Corr
0.9	PONPX	Pimco Incme Fund	Pair Corr
0.9	PIINX	Pimco Income	Pair Corr
0.86	PIMIX	Pimco Income	Pair Corr

Moving against Wilshire Mutual Fund

0.7	WLCGX	Large Pany Growth	Pair Corr
0.68	DTLGX	Wilshire Large	Pair Corr
0.67	WFIVX	Wilshire 5000 Index	Pair Corr
0.63	WLCVX	Large Pany Value	Pair Corr
0.63	DTLVX	Large Pany Value	Pair Corr
0.59	WSMVX	Small Pany Value	Pair Corr
0.59	DTSVX	Small Pany Value	Pair Corr
0.58	DTSGX	Small Pany Growth	Pair Corr
0.73	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.69	MSSGX	Small Pany Growth Steady Growth	Pair Corr
0.68	VITSX	Vanguard Total Stock	Pair Corr
0.67	VTSAX	Vanguard Total Stock	Pair Corr
0.67	VFIAX	Vanguard 500 Index	Pair Corr
0.67	VTSMX	Vanguard Total Stock	Pair Corr
0.67	VSMPX	Vanguard Total Stock	Pair Corr
0.67	VSTSX	Vanguard Total Stock	Pair Corr
0.67	VFINX	Vanguard 500 Index	Pair Corr
0.66	VFFSX	Vanguard 500 Index	Pair Corr
0.61	RFNFX	American Funds Funda	Pair Corr
0.58	UBVUX	Undiscovered Managers	Pair Corr
0.58	ASVNX	Small Cap Value	Pair Corr
0.53	CGAAX	Columbia Growth 529	Pair Corr
0.42	AMFCX	American Mutual	Pair Corr

Related Correlations Analysis

	SGYAX	ARTFX	PHIAX	LHYOX	FAGIX	MRHYX	SIHSX
SGYAX		0.97	0.92	0.92	0.89	0.9	0.83	SGYAX
ARTFX	0.97		0.95	0.97	0.9	0.93	0.9	ARTFX
PHIAX	0.92	0.95		0.96	0.91	0.95	0.89	PHIAX
LHYOX	0.92	0.97	0.96		0.87	0.94	0.95	LHYOX
FAGIX	0.89	0.9	0.91	0.87		0.92	0.72	FAGIX
MRHYX	0.9	0.93	0.95	0.94	0.92		0.87	MRHYX
SIHSX	0.83	0.9	0.89	0.95	0.72	0.87		SIHSX
	SGYAX	ARTFX	PHIAX	LHYOX	FAGIX	MRHYX	SIHSX

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Risk-Adjusted Indicators

There is a big difference between Wilshire Mutual Fund performing well and Wilshire 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 Wilshire 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SGYAX	0.14	0.02	(0.47)	0.45	(0.25)	0.28	(0.14)	1.28
ARTFX	0.12	0.03	(0.59)	0.57	(0.20)	0.33	(0.22)	1.01
PHIAX	0.10	0.02	(0.47)	7.46	(0.15)	0.23	(0.23)	0.80
LHYOX	0.13	0.03	(0.45)	18.73	(0.21)	0.31	(0.16)	0.93
FAGIX	0.19	0.06	(0.20)	2.29	(0.27)	0.41	(0.29)	1.21
MRHYX	0.09	0.03	(0.62)	5.95	(0.14)	0.23	(0.12)	0.59
SIHSX	0.11	0.02	(0.83)	(0.88)	(0.17)	0.30	(0.20)	0.70

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