High Yield Correlations

Mutual Funds . USA . 
Fund . High Yield Fund Investor
ABHIX Fund  USD 5.12  0.01  0.19%   
The current 90-days correlation between High Yield Fund and High Yield Municipal Fund is 0.47 (i.e., Very weak diversification). The correlation of High Yield 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.

High Yield Correlation With Market

Poor diversification

The correlation between High Yield Fund Investor and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Yield Fund Investor and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in High Yield Fund Investor. 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 gross domestic product.

Moving together with High Mutual Fund

  0.88AMDVX Mid Cap ValuePairCorr
  0.88AMEIX Equity GrowthPairCorr
  0.88AMGIX Income GrowthPairCorr
  0.74CDBCX Diversified BondPairCorr
  0.88AMKIX Emerging MarketsPairCorr
  0.69TWACX Short Term GovernmentPairCorr
  0.95TWADX Value Fund APairCorr
  0.86TWCCX Ultra Fund CPairCorr
  0.94TWCAX Select Fund APairCorr
  0.87TWCIX Select Fund InvestorPairCorr
  0.94TWCGX Growth Fund InvestorPairCorr
  0.69TWARX Short Term GovernmentPairCorr
  0.81AMVYX Mid Cap ValuePairCorr
  0.81AMVRX Mid Cap ValuePairCorr
  0.9TWBIX Balanced Fund InvestorPairCorr
  0.91TWEAX Equity IncomePairCorr
  0.86TWEIX Equity IncomePairCorr
  0.86TWCUX Ultra Fund InvestorPairCorr
  0.88TWGAX International GrowthPairCorr
  0.87TWGIX Growth Fund IPairCorr
  0.85TWGGX Global GrowthPairCorr
  0.77TWIEX International GrowthPairCorr
  0.85TWHIX Heritage Fund InvestorPairCorr
  0.87TWMIX Emerging MarketsPairCorr
  0.87TWRCX Growth Fund CPairCorr
  0.86TWTIX Intermediate Term TaxPairCorr
  0.89TWSCX Strategic Allocation:PairCorr
  0.88TWSAX Strategic Allocation:PairCorr
  0.96TWSMX Strategic Allocation:PairCorr
  0.87TWSIX Select Fund IPairCorr
  0.86TWVLX Value Fund InvestorPairCorr
  0.93TWUAX Ultra Fund APairCorr
  0.86TWUIX Ultra Fund IPairCorr
  0.75TWUOX Short Term GovernmentPairCorr
  0.91NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between High Mutual Fund performing well and High Yield 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 High Yield'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY