Nuveen Dow Correlations

XDIAX Fund

USD 17.57 0.04 0.23%

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.

Nuveen Dow Correlation With Market

Significant diversification

The correlation between Nuveen Dow 30 and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Dow 30 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 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

0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.72	VFIAX	Vanguard 500 Index	Pair Corr
0.77	VTSMX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.77	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VFINX	Vanguard 500 Index	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.77	RYANX	Nova Fund Class	Pair Corr
0.71	PIMIX	Pimco Income	Pair Corr
0.78	WABIX	Wells Fargo Advantage	Pair Corr
0.84	ASCYX	Alger Funds	Pair Corr
0.87	CLIRX	Columbia Capital All	Pair Corr
0.9	WISEX	Azzad Wise Capital	Pair Corr
0.68	CRF	Cornerstone Strategic	Pair Corr
0.83	HIBCX	Hartford Capital App	Pair Corr
0.61	INCLX	Transamerica High Yield	Pair Corr
0.68	TYHRX	Pioneer High Yield	Pair Corr
0.69	WWNPX	Kinetics Paradigm	Pair Corr
0.74	HMXAX	Alphacentric Hedged	Pair Corr
0.72	DABJX	Dreyfus Yield Enhancement	Pair Corr
0.71	VGOSX	Voya Large Cap	Pair Corr

Moving against Nuveen Mutual Fund

0.53

XGEIX

Guggenheim Energy Income

Pair Corr

Related Correlations Analysis

	VUVAF	CREYX	NRSCX	CREMX	VGSIX	FORFX	SRPIX	TRRSX
VUVAF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VUVAF
CREYX	0.0		-0.15	-0.76	0.99	-0.74	-0.99	1.0	CREYX
NRSCX	0.0	-0.15		0.4	-0.1	0.4	0.15	-0.12	NRSCX
CREMX	0.0	-0.76	0.4		-0.71	0.98	0.75	-0.73	CREMX
VGSIX	0.0	0.99	-0.1	-0.71		-0.69	-1.0	1.0	VGSIX
FORFX	0.0	-0.74	0.4	0.98	-0.69		0.73	-0.71	FORFX
SRPIX	0.0	-0.99	0.15	0.75	-1.0	0.73		-0.99	SRPIX
TRRSX	0.0	1.0	-0.12	-0.73	1.0	-0.71	-0.99		TRRSX
	VUVAF	CREYX	NRSCX	CREMX	VGSIX	FORFX	SRPIX	TRRSX

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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

TRRSX	+ 1.0	CREYX
TRRSX	+ 1.0	VGSIX
VGSIX	+ 0.99	CREYX
FORFX	+ 0.98	CREMX
SRPIX	+ 0.75	CREMX
SRPIX	+ 0.73	FORFX

High negative correlations

SRPIX	- 1.0	VGSIX
TRRSX	- 0.99	SRPIX
SRPIX	- 0.99	CREYX
CREMX	- 0.76	CREYX
FORFX	- 0.74	CREYX
TRRSX	- 0.73	CREMX

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
VUVAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CREYX	0.88	(0.13)	0.00	(0.20)	0.00	0.00	1.52	(1.77)	5.49
NRSCX	0.24	(0.04)	0.00	(0.52)	0.00	0.00	0.43	(0.43)	3.00
CREMX	0.03	0.01	0.00	2.41	0.00	0.00	0.08	0.00	0.68
VGSIX	0.91	(0.13)	0.00	(0.17)	0.00	0.00	1.48	(1.71)	5.53
FORFX	0.07	0.03	0.00	11.07	0.00	0.00	0.11	0.00	0.32
SRPIX	0.93	0.14	0.01	(0.19)	0.91	(1.10)	1.79	(1.71)	6.06
TRRSX	0.88	(0.12)	0.00	(0.18)	0.00	0.00	1.51	(1.84)	5.50

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