Avantis Us Correlations

AVSBX Fund

10.08 0.05 0.49%

The current 90-days correlation between Avantis Small Cap and Avantis International Small is 0.63 (i.e., Poor diversification). The correlation of Avantis Us 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.

Avantis Us Correlation With Market

Almost no diversification

The correlation between Avantis Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small Cap 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 Avantis Small Cap. 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 bureau of labor statistics.

Moving together with Avantis Mutual Fund

0.99	AVCNX	American Century Etf	Pair Corr
0.73	AVEEX	Avantis Emerging Markets	Pair Corr
0.73	AVENX	Avantis Emerging Markets	Pair Corr
0.99	AVUVX	Avantis Small Cap	Pair Corr
0.96	AVUSX	Avantis Equity	Pair Corr
0.96	AVUNX	Avantis Equity	Pair Corr
0.99	ALCEX	Avantis Large Cap	Pair Corr
0.99	VSMAX	Vanguard Small Cap	Pair Corr
0.98	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.99	NAESX	Vanguard Small Cap	Pair Corr
0.99	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.99	PASVX	T Rowe Price	Pair Corr
0.99	PRVIX	T Rowe Price	Pair Corr
0.99	TRZVX	T Rowe Price	Pair Corr
0.99	PRSVX	T Rowe Price	Pair Corr
0.76	NHS	Neuberger Berman High	Pair Corr
0.67	DIEAX	Dreyfus International	Pair Corr
0.62	PJIZX	Prudential Qma Inter	Pair Corr
0.67	JOMMX	Johcm Emerging Markets	Pair Corr
0.77	TRGZX	T Rowe Price	Pair Corr
0.68	TFEQX	International Equity	Pair Corr

Moving against Avantis Mutual Fund

0.52	MVRXX	Morgan Stanley Insti	Pair Corr
0.38	VTAPX	Vanguard Short Term	Pair Corr
0.36	AGYCX	Global Gold Fund	Pair Corr
0.33	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr

Related Correlations Analysis

	AVANX	AVBNX	AVDEX	AVCNX	AVEEX	AVDVX	AVDNX	AVENX	AVGNX	AVIGX
AVANX		-0.03	0.99	0.52	0.92	1.0	0.99	0.92	0.52	-0.03	AVANX
AVBNX	-0.03		0.03	0.23	0.09	-0.03	0.03	0.09	0.08	0.99	AVBNX
AVDEX	0.99	0.03		0.6	0.95	0.99	1.0	0.95	0.49	0.03	AVDEX
AVCNX	0.52	0.23	0.6		0.75	0.52	0.6	0.75	-0.14	0.25	AVCNX
AVEEX	0.92	0.09	0.95	0.75		0.92	0.95	1.0	0.33	0.09	AVEEX
AVDVX	1.0	-0.03	0.99	0.52	0.92		0.99	0.92	0.52	-0.03	AVDVX
AVDNX	0.99	0.03	1.0	0.6	0.95	0.99		0.95	0.49	0.03	AVDNX
AVENX	0.92	0.09	0.95	0.75	1.0	0.92	0.95		0.34	0.09	AVENX
AVGNX	0.52	0.08	0.49	-0.14	0.33	0.52	0.49	0.34		0.08	AVGNX
AVIGX	-0.03	0.99	0.03	0.25	0.09	-0.03	0.03	0.09	0.08		AVIGX
	AVANX	AVBNX	AVDEX	AVCNX	AVEEX	AVDVX	AVDNX	AVENX	AVGNX	AVIGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AVDVX	+ 1.0	AVANX
AVDNX	+ 1.0	AVDEX
AVENX	+ 1.0	AVEEX
AVDEX	+ 0.99	AVANX
AVDNX	+ 0.99	AVANX
AVIGX	+ 0.99	AVBNX

High negative correlations

AVGNX	- 0.14	AVCNX
AVIGX	- 0.03	AVDVX
AVDVX	- 0.03	AVBNX
AVIGX	- 0.03	AVANX
AVBNX	- 0.03	AVANX

Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Us 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 Avantis Us' 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
AVANX	0.87	0.20	0.12	0.31	1.40	(0.87)	2.08	(2.04)	9.93
AVBNX	0.29	0.00	0.08	(0.32)	0.35	(0.32)	0.60	(0.60)	1.80
AVDEX	0.85	0.17	0.10	0.21	1.41	(0.81)	1.92	(2.06)	8.97
AVCNX	1.45	(0.02)	0.00	(0.05)	0.00	0.00	2.76	(2.74)	14.14
AVEEX	0.93	0.09	0.07	0.12	1.36	(0.93)	2.46	(2.32)	7.48
AVDVX	0.87	0.20	0.12	0.30	1.40	(0.89)	2.08	(2.05)	9.94
AVDNX	0.84	0.17	0.10	0.21	1.47	(0.81)	1.92	(1.98)	8.96
AVENX	0.93	0.09	0.07	0.12	1.39	(0.94)	2.46	(2.32)	7.55
AVGNX	0.08	0.01	0.36	(0.88)	0.00	(0.20)	0.21	(0.11)	0.84
AVIGX	0.29	(0.01)	0.08	(0.51)	0.36	(0.31)	0.49	(0.49)	1.92

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