High Yield Correlations
| AHYRX Fund | USD 5.15 0.01 0.19% |
The current 90-days correlation between High Yield Fund and Strategic Advisers Income is 0.58 (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
Very weak diversification
The correlation between High Yield Fund R and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Yield Fund R and DJI in the same portfolio, assuming nothing else is changed.
High |
Moving together with High Mutual Fund
| 0.9 | BHYCX | Blackrock Hi Yld | PairCorr |
| 0.9 | BHYIX | Blackrock High Yield | PairCorr |
| 0.98 | BHYAX | Blackrock High Yield | PairCorr |
| 0.89 | FAHHX | American Funds American | PairCorr |
| 0.89 | FTAHX | American Funds American | PairCorr |
| 0.89 | AHTFX | American High Income | PairCorr |
Moving against High Mutual Fund
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FPIOX | 0.16 | 0.04 | (0.64) | 0.44 | 0.00 | 0.56 | 1.16 | |||
| FAGIX | 0.27 | 0.07 | (0.22) | 0.40 | 0.00 | 0.70 | 1.90 | |||
| NHIEX | 0.15 | 0.07 | (0.75) | (3.80) | 0.00 | 0.53 | 0.91 | |||
| PYRLX | 0.14 | 0.08 | (0.63) | (1.31) | 0.00 | 0.50 | 1.05 | |||
| DNHYX | 0.16 | 0.08 | (0.73) | (2.48) | 0.00 | 0.49 | 1.19 | |||
| THYYX | 0.14 | 0.06 | (0.68) | 3.59 | 0.00 | 0.40 | 1.06 | |||
| JDHYX | 0.19 | 0.05 | (0.53) | 0.44 | 0.00 | 0.58 | 1.26 | |||
| RIMOX | 0.07 | 0.04 | (2.05) | 0.88 | 0.00 | 0.26 | 0.52 |