Total Return Correlations

Mutual Funds . USA . 
Fund . Total Return Bond
BNDAX Fund  USD 9.47  0.01  0.11%   
The current 90-days correlation between Total Return Bond and Payden Government Fund is 0.48 (i.e., Very weak diversification). The correlation of Total Return 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.

Total Return Correlation With Market

Good diversification

The correlation between Total Return Bond and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Return Bond 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 Total Return Bond. 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 nation.

Moving together with Total Mutual Fund

  0.92SRUAX Spectrum Fund AdviserPairCorr
  0.92SRUIX Spectrum Fund InstitPairCorr
  0.9QNTAX Quantex Fund AdviserPairCorr
  0.9QNTIX Quantex Fund InstituPairCorr
  0.96IFAAX Infrastructure FundPairCorr
  0.95IFAIX Infrastructure FundPairCorr
  0.92BLNIX Balanced Fund InstitPairCorr
  0.92BLNAX Balanced Fund AdviserPairCorr
  0.99FLBDX Total Return BondPairCorr
  0.9FLCGX Quantex Fund RetailPairCorr
  0.94FLDOX Dividend OpportunitiesPairCorr
  0.89FLDGX Dynamic GrowthPairCorr
  0.92FLDFX Balanced Fund RetailPairCorr
  0.89FLFGX Global OpportunitiesPairCorr
  0.91FLMIX Muirfield Fund InstiPairCorr
  0.9FLMFX Muirfield Fund RetailPairCorr
  0.91FLMAX Muirfield Fund AdviserPairCorr
  0.95FLRUX Infrastructure FundPairCorr
  0.92FLSPX Spectrum Fund RetailPairCorr
  0.94DVOIX Dividend OpportunitiesPairCorr
  0.94DVOAX Dividend OpportunitiesPairCorr
  0.99BNDIX Total Return BondPairCorr
  0.89GBPAX Global OpportunitiesPairCorr
  0.89GBPIX Global OpportunitiesPairCorr
  0.89DYGIX Dynamic GrowthPairCorr
  0.9DYGAX Dynamic GrowthPairCorr
  0.97BSIKX Blackrock StrategicPairCorr
  0.97BSICX Blackrock Strategic OppsPairCorr
  0.98BASIX Blackrock Strategic OppsPairCorr
  0.97BSIIX Blackrock StrategicPairCorr
  0.95JSORX Jpmorgan Strategic IncomePairCorr
  0.94JSOZX Jpmorgan Strategic IncomePairCorr
  0.93JSOCX Jpmorgan Strategic IncomePairCorr
  0.94JSOSX Jpmorgan Strategic IncomePairCorr
  0.94JSOAX Jpmorgan Strategic IncomePairCorr
  0.89PMZCX Pimco Mortgage OpporPairCorr
  0.7RYMEX Commodities StrategyPairCorr
  0.7RYMJX Commodities StrategyPairCorr
  0.7RYMBX Commodities StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Total Mutual Fund performing well and Total Return 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 Total Return'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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