Domini Impact Correlations

Mutual Funds . USA . 
Fund . Domini Impact Bond
DSBFX Fund  USD 10.11  0.02  0.20%   
The current 90-days correlation between Domini Impact Bond and Domini Impact International is -0.12 (i.e., Good diversification). The correlation of Domini Impact 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.

Domini Impact Correlation With Market

Modest diversification

The correlation between Domini Impact Bond and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini Impact Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Domini Impact 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 census.

Moving together with Domini Mutual Fund

  0.79DSBYX Domini Impact BondPairCorr
  1.0DSBIX Domini Impact BondPairCorr
  1.0MWTNX Metropolitan West TotalPairCorr
  1.0MWTSX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.91PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.92DODIX Dodge IncomePairCorr
  1.0MWTIX Metropolitan West TotalPairCorr
  0.91MWTRX Metropolitan West TotalPairCorr
  0.62NHS Neuberger Berman HighPairCorr
  0.9PCNNX Pimco Investment GradePairCorr
  0.61NQVAX Nuveen Nwq MultiPairCorr
  0.61ABSTX Allianzgi Best StylesPairCorr
  0.7JMGIX Jpmorgan Managed IncomePairCorr
  0.86ARINX Archer IncomePairCorr
  0.61BLZKX Blackrock Advantage EsgPairCorr
  0.65RRTLX T Rowe PricePairCorr
  0.61SWPPX Schwab Sp 500PairCorr
  0.61VFIAX Vanguard 500 IndexPairCorr
  0.73AABTX American Funds 2015PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini Impact 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 Domini Impact'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
DOMIX  0.61  0.19  0.01 (1.76) 0.53 
(0.73)
 1.28 
(1.13)
 3.43 
DSEFX  0.60  0.10  0.10  0.29  0.35 
(0.67)
 1.93 
(0.93)
 4.70 
PAXHX  0.15  0.07 (0.47)(3.26) 0.00 
(0.26)
 0.50 
(0.17)
 0.84 
PXWGX  0.63  0.12  0.12  0.30  0.40 
(0.76)
 2.00 
(0.95)
 4.77 
DIEQX  0.64  0.18  0.05  1.25  0.58 
(0.70)
 1.95 
(1.50)
 4.67 
LIFEX  0.58  0.05  0.00  0.25  0.45 
(0.69)
 1.62 
(1.11)
 3.51 
DOMYX  0.61  0.17  0.02  2.69  0.51 
(0.72)
 1.40 
(1.08)
 3.40 
DOMOX  0.60  0.19  0.01 (2.17) 0.51 
(0.72)
 1.41 
(1.09)
 3.51 
DSBIX  0.25  0.00 (0.45) 0.16  0.26 
(0.28)
 0.41 
(0.51)
 1.21 
DSBFX  0.25  0.00 (0.44) 0.17  0.26 
(0.28)
 0.49 
(0.50)
 1.20 

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