Total Return Correlations

Mutual Funds . USA . 
Fund . Total Return Bond
BNDIX Fund  USD 9.48  0.02  0.21%   
The current 90-days correlation between Total Return Bond and Spectrum Fund Adviser is 0.27 (i.e., Modest 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

Modest diversification

The correlation between Total Return Bond and DJI is 0.28 (i.e., Modest 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 gross domestic product.

Moving together with Total Mutual Fund

  0.92SRUAX Spectrum Fund AdviserPairCorr
  0.92SRUIX Spectrum Fund InstitPairCorr
  0.89QNTAX Quantex Fund AdviserPairCorr
  0.89QNTIX Quantex Fund InstituPairCorr
  0.95IFAAX Infrastructure FundPairCorr
  0.96IFAIX Infrastructure FundPairCorr
  0.91BLNIX Balanced Fund InstitPairCorr
  0.91BLNAX Balanced Fund AdviserPairCorr
  1.0FLBDX Total Return BondPairCorr
  0.89FLCGX Quantex Fund RetailPairCorr
  0.92FLDOX Dividend OpportunitiesPairCorr
  0.88FLDGX Dynamic GrowthPairCorr
  0.91FLDFX Balanced Fund RetailPairCorr
  0.88FLFGX Global OpportunitiesPairCorr
  0.9FLMIX Muirfield Fund InstiPairCorr
  0.9FLMFX Muirfield Fund RetailPairCorr
  0.9FLMAX Muirfield Fund AdviserPairCorr
  0.96FLRUX Infrastructure FundPairCorr
  0.92FLSPX Spectrum Fund RetailPairCorr
  0.92DVOIX Dividend OpportunitiesPairCorr
  0.92DVOAX Dividend OpportunitiesPairCorr
  0.99BNDAX Total Return BondPairCorr
  0.88GBPAX Global OpportunitiesPairCorr
  0.88GBPIX Global OpportunitiesPairCorr
  0.89DYGIX Dynamic GrowthPairCorr
  0.88DYGAX Dynamic GrowthPairCorr
  0.97BSIKX Blackrock StrategicPairCorr
  0.96BSICX Blackrock Strategic OppsPairCorr
  0.96BASIX Blackrock Strategic OppsPairCorr
  0.96BSIIX Blackrock StrategicPairCorr
  0.94JSORX Jpmorgan Strategic IncomePairCorr
  0.93JSOZX Jpmorgan Strategic IncomePairCorr
  0.92JSOCX Jpmorgan Strategic IncomePairCorr
  0.94JSOSX Jpmorgan Strategic IncomePairCorr
  0.93JSOAX Jpmorgan Strategic IncomePairCorr
  0.91PMZCX Pimco Mortgage OpporPairCorr
  0.7RYMEX Commodities StrategyPairCorr
  0.69RYMJX Commodities StrategyPairCorr
  0.71RYMBX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRUAX  0.55  0.09  0.07  0.25  0.38 
(0.63)
 1.61 
(1.14)
 3.90 
SRUIX  0.55  0.09  0.07  0.25  0.36 
(0.66)
 1.65 
(1.14)
 3.88 
QNTAX  0.57  0.24  0.13 (3.43) 0.33 
(0.64)
 1.82 
(1.23)
 3.98 
QNTIX  0.57  0.24  0.13 (3.28) 0.34 
(0.64)
 1.82 
(1.23)
 3.96 
IFAAX  0.24  0.08 (0.15)(4.18) 0.00 
(0.28)
 0.67 
(0.42)
 1.56 
IFAIX  0.24  0.03 (0.18) 0.24  0.00 
(0.27)
 0.67 
(0.42)
 1.52 
BLNIX  0.40  0.06  0.00  0.25  0.23 
(0.47)
 1.25 
(0.78)
 2.89 
BLNAX  0.40  0.14  0.01 (3.46) 0.20 
(0.47)
 1.17 
(0.78)
 2.89 
FLBDX  0.09  0.02 (0.60) 0.65  0.00 
(0.14)
 0.22 
(0.21)
 0.53 
FLCGX  0.56  0.24  0.13 (3.37) 0.32 
(0.65)
 1.81 
(1.24)
 3.99 

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