Brandes Global Correlations

BGVIX Fund  USD 33.55  0.06  0.18%   
The current 90-days correlation between Brandes Global Equity and Siit High Yield is 0.52 (i.e., Very weak diversification). The correlation of Brandes Global 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.

Brandes Global Correlation With Market

Very poor diversification

The correlation between Brandes Global Equity and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes Global Equity 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 Brandes Global Equity. 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 Brandes Mutual Fund

  0.72BSCRX Brandes Small CapPairCorr
  0.72BSCMX Brandes Small CapPairCorr
  0.99BSCAX Brandes Small CapPairCorr
  0.71BCPRX Brandes E PlusPairCorr
  0.69BCPIX Brandes E PlusPairCorr
  0.67BCPAX Brandes E PlusPairCorr
  0.98BEMIX Brandes Emerging MarketsPairCorr
  0.72BEMCX Brandes Emerging MarketsPairCorr
  0.72BEMAX Brandes Emerging MarketsPairCorr
  0.98BEMRX Brandes Emerging MarketsPairCorr
  1.0BGEAX Brandes Global EquityPairCorr
  0.99BGVCX Brandes Global EquityPairCorr
  0.99BIERX Brandes InternationalPairCorr
  0.99BIEAX Brandes InternationalPairCorr
  0.77BIIEX Brandes InternationalPairCorr
  0.97BINCX Brandes InternationalPairCorr
  0.72BISMX Brandes InternationalPairCorr
  0.72BISAX Brandes InternationalPairCorr
  0.98BISRX Brandes InternationalPairCorr
  0.87SMARX Brandes SeparatelyPairCorr
  0.99TEDRX Franklin Mutual GlobalPairCorr
  0.99FMDRX Franklin Mutual GlobalPairCorr
  0.76DOXWX Dodge Cox GlobalPairCorr
  0.99DODWX Dodge Global StockPairCorr
  0.71TRZRX T Rowe PricePairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.79MDISX Franklin Mutual GlobalPairCorr
  0.99TEDSX Franklin Mutual GlobalPairCorr
  0.95PRAFX T Rowe PricePairCorr
  0.76BEGRX Franklin Mutual BeaconPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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