Nuveen Dow Correlations

XDIAX Fund

USD 17.73 0.02 0.11%

The current 90-days correlation between Nuveen Dow 30 and Vanguard Total Stock is 0.06 (i.e., Significant diversification). The correlation of Nuveen Dow 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.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Nuveen Dow 30. 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 nation.

Moving together with Nuveen Mutual Fund

0.86	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.85	XPPRX	Voya Prime Rate	Pair Corr
0.78	PCF	Putnam High Income	Pair Corr
0.7	FIKAX	Fidelity Advisor Energy	Pair Corr
0.87	VEXRX	Vanguard Explorer	Pair Corr
0.79	RGRYX	Victory Rs Growth	Pair Corr
0.83	FBALX	Fidelity Balanced	Pair Corr
0.68	VTWAX	Vanguard Total World	Pair Corr
0.63	VASGX	Vanguard Lifestrategy	Pair Corr
0.84	ILESX	Fisher Investments	Pair Corr
0.83	MERDX	Meridian Growth	Pair Corr
0.88	ARIDX	Amg River Road	Pair Corr
0.82	CSQ	Calamos Strategic Total	Pair Corr
0.93	RYMDX	Mid Cap 15x	Pair Corr
0.68	BALFX	American Balanced	Pair Corr
0.83	VIIIX	Vanguard Institutional	Pair Corr
0.63	AMECX	Income Fund	Pair Corr
0.9	FSRFX	Transportation Portfolio	Pair Corr
0.82	VIGAX	Vanguard Growth Index	Pair Corr

Moving against Nuveen Mutual Fund

0.51	XNXJX	Nuveen New Jersey	Pair Corr
0.45	VGTSX	Vanguard Total Inter	Pair Corr
0.45	VTIAX	Vanguard Total Inter	Pair Corr
0.39	NXJ	Nuveen New Jersey	Pair Corr
0.43	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.96	1.0	1.0	1.0	1.0	1.0	1.0	-0.25	-0.25	VTSAX
VFIAX	0.96		0.96	0.96	0.96	0.96	0.96	0.96	-0.25	-0.25	VFIAX
VTSMX	1.0	0.96		1.0	1.0	1.0	1.0	1.0	-0.25	-0.25	VTSMX
VITSX	1.0	0.96	1.0		1.0	1.0	1.0	1.0	-0.25	-0.25	VITSX
VSTSX	1.0	0.96	1.0	1.0		1.0	1.0	1.0	-0.25	-0.25	VSTSX
VSMPX	1.0	0.96	1.0	1.0	1.0		1.0	1.0	-0.25	-0.25	VSMPX
VFINX	1.0	0.96	1.0	1.0	1.0	1.0		1.0	-0.21	-0.2	VFINX
VFFSX	1.0	0.96	1.0	1.0	1.0	1.0	1.0		-0.21	-0.21	VFFSX
VGTSX	-0.25	-0.25	-0.25	-0.25	-0.25	-0.25	-0.21	-0.21		1.0	VGTSX
VTIAX	-0.25	-0.25	-0.25	-0.25	-0.25	-0.25	-0.2	-0.21	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFINX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX

High negative correlations

VTIAX	- 0.25	VSMPX
VGTSX	- 0.25	VSMPX
VTIAX	- 0.25	VSTSX
VGTSX	- 0.25	VSTSX
VTIAX	- 0.25	VITSX
VGTSX	- 0.25	VITSX

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Dow 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 Nuveen Dow'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
VTSAX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VFIAX	0.55	0.10	(0.04)	(4.14)	0.66	(0.56)	1.17	(1.31)	3.84
VTSMX	0.56	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VITSX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VSTSX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VSMPX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.30)	4.11
VFINX	0.55	0.01	(0.02)	0.14	0.65	(0.57)	1.17	(1.31)	3.84
VFFSX	0.55	0.01	(0.02)	0.14	0.65	(0.56)	1.17	(1.31)	3.84
VGTSX	0.62	(0.09)	0.00	(0.08)	0.00	0.00	1.15	(1.56)	4.09
VTIAX	0.62	(0.09)	0.00	(0.08)	0.00	0.00	1.15	(1.59)	4.11

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Nuveen Dow Correlations

Moving together with Nuveen Mutual Fund

Moving against Nuveen Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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