Eaton Vance Correlations
XEVVX Fund | USD 10.49 0.01 0.1% |
The current 90-days correlation between Eaton Vance Limited and Nuveen Minnesota Municipal is 0.29 (i.e., Modest diversification). The correlation of Eaton Vance 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.
Eaton Vance Correlation With Market
Good diversification
The correlation between Eaton Vance Limited and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Limited and DJI in the same portfolio, assuming nothing else is changed.
Eaton |
Moving together with Eaton Mutual Fund
Moving against Eaton Mutual Fund
0.85 | GRSPX | Greenspring Fund Retail | PairCorr |
0.84 | VTSAX | Vanguard Total Stock | PairCorr |
0.84 | VTSMX | Vanguard Total Stock | PairCorr |
0.84 | VITSX | Vanguard Total Stock | PairCorr |
0.84 | VSTSX | Vanguard Total Stock | PairCorr |
0.84 | VSMPX | Vanguard Total Stock | PairCorr |
0.83 | VFIAX | Vanguard 500 Index | PairCorr |
0.83 | VFINX | Vanguard 500 Index | PairCorr |
0.83 | VFFSX | Vanguard 500 Index | PairCorr |
0.83 | INDEX | Sp 500 Equal | PairCorr |
0.81 | SPGSX | State Street Premier | PairCorr |
0.8 | CMEUX | Six Circles Managed | PairCorr |
0.77 | XGEIX | Guggenheim Energy Income | PairCorr |
0.74 | VTMFX | Vanguard Tax Managed | PairCorr |
0.73 | VWELX | Vanguard Wellington | PairCorr |
0.69 | SCRYX | Small Cap Core | PairCorr |
0.88 | LTFOX | Lord Abbett Affiliated | PairCorr |
0.86 | VIGAX | Vanguard Growth Index | PairCorr |
0.84 | RQECX | Resq Dynamic Allocation | PairCorr |
0.83 | AGTHX | Growth Fund | PairCorr |
0.83 | FXAIX | Fidelity 500 Index | PairCorr |
0.81 | LLPFX | Longleaf Partners | PairCorr |
0.81 | FCNTX | Fidelity Contrafund | PairCorr |
0.79 | RYVYX | Nasdaq 100 2x | PairCorr |
0.77 | RCILX | Alternative Credit Income | PairCorr |
0.77 | FPURX | Fidelity Puritan | PairCorr |
0.76 | VNSNX | Vaughan Nelson Select | PairCorr |
0.76 | SMERX | Invesco Small Cap | PairCorr |
0.74 | WBCIX | William Blair Small | PairCorr |
0.74 | RWSIX | Redwood Systematic Macro | PairCorr |
0.74 | FBALX | Fidelity Balanced | PairCorr |
0.7 | THMAX | Thrivent Moderate | PairCorr |
0.68 | FEMDX | Franklin Emerging Market | PairCorr |
Related Correlations Analysis
0.95 | 0.98 | 0.95 | 0.88 | 0.86 | FYMNX | ||
0.95 | 0.9 | 0.98 | 0.94 | 0.94 | BSNSX | ||
0.98 | 0.9 | 0.88 | 0.79 | 0.76 | FHYVX | ||
0.95 | 0.98 | 0.88 | 0.98 | 0.96 | BIDPX | ||
0.88 | 0.94 | 0.79 | 0.98 | 0.99 | CFNLX | ||
0.86 | 0.94 | 0.76 | 0.96 | 0.99 | PMUYX | ||
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Risk-Adjusted Indicators
There is a big difference between Eaton Mutual Fund performing well and Eaton Vance 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 Eaton Vance'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FYMNX | 0.13 | 0.01 | (0.34) | (0.01) | 0.18 | 0.37 | 1.39 | |||
BSNSX | 0.08 | 0.00 | (0.40) | 0.05 | 0.10 | 0.19 | 0.88 | |||
FHYVX | 0.16 | 0.02 | (0.25) | (0.07) | 0.22 | 0.34 | 1.88 | |||
BIDPX | 0.14 | 0.01 | (0.33) | 0.02 | 0.22 | 0.27 | 1.36 | |||
CFNLX | 0.12 | 0.00 | (0.47) | 0.10 | 0.19 | 0.22 | 1.13 | |||
PMUYX | 0.10 | 0.00 | (0.42) | 0.16 | 0.18 | 0.25 | 1.07 |