Bond Fund Correlations

Mutual Funds . USA . 
Fund . Bond Fund Institutional
AIBNX Fund  USD 8.40  0.01  0.12%   
The current 90-days correlation between Bond Fund Institutional and Volumetric Fund Volumetric is 0.22 (i.e., Modest diversification). The correlation of Bond Fund 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.

Bond Fund Correlation With Market

Modest diversification

The correlation between Bond Fund Institutional and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bond Fund Institutional 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 Bond Fund Institutional. 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 board of governors.

Moving together with Bond Mutual Fund

  0.99APBDX Bond Fund InvestorPairCorr
  0.96APENX Strategic Enhanced YieldPairCorr
  0.78APSTX Limited DurationPairCorr
  0.99AABOX Bond Fund ClassPairCorr
  0.86AAENX Strategic Enhanced YieldPairCorr
  0.85AASTX Limited DurationPairCorr
  0.95AIENX Strategic Enhanced YieldPairCorr
  0.79AISTX Limited DurationPairCorr
  0.64AIUSX Cavanal Hillultra ShortPairCorr
  0.88VBTLX Vanguard Total BondPairCorr
  0.98VBMFX Vanguard Total BondPairCorr
  0.98VBTIX Vanguard Total BondPairCorr
  0.98VTBSX Vanguard Total BondPairCorr
  0.98VTBIX Vanguard Total BondPairCorr
  0.98VTBNX Vanguard Total BondPairCorr
  0.98FBOFX American FundsPairCorr
  0.98FFBOX American FundsPairCorr
  0.99BFAFX Bond FundPairCorr
  0.99ABNDX Bond FundPairCorr
  0.61RGAVX Rare Global InfrastrPairCorr
  0.61GAOPX Goldman Sachs BalancedPairCorr
  0.97SGMYX Sdit Gnma FundPairCorr
  0.68SNJLX Western Asset NewPairCorr
  0.64AQRNX Aqr Risk ParityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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