Franklin Utilities Correlations

FKUTX Fund

USD 26.00 0.07 0.27%

The current 90-days correlation between Franklin Utilities and Mfs High Yield is 0.15 (i.e., Average diversification). The correlation of Franklin Utilities 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.

Franklin Utilities Correlation With Market

Weak diversification

The correlation between Franklin Utilities Fund and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Utilities Fund 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 Franklin Utilities Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Franklin Mutual Fund

1.0	FRUSX	Franklin Utilities	Pair Corr
1.0	FKUQX	Franklin Utilities	Pair Corr
1.0	FRUAX	Franklin Utilities	Pair Corr
1.0	FRURX	Franklin Utilities	Pair Corr
1.0	FUFRX	Franklin Utilities	Pair Corr
0.99	VUIAX	Vanguard Utilities Index	Pair Corr
0.99	MMUGX	Mfs Utilities	Pair Corr
0.99	MURRX	Mfs Utilities	Pair Corr
0.99	MMUJX	Mfs Utilities	Pair Corr
0.69	PMPIX	Precious Metals Ultr	Pair Corr
0.68	PMPSX	Precious Metals Ultr	Pair Corr
0.82	FGPMX	Franklin Gold And	Pair Corr
0.81	FRGOX	Franklin Gold Precious	Pair Corr
0.8	MIDSX	Midas Fund Midas	Pair Corr
0.71	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.78	GPICX	Guidepath Conservative	Pair Corr
0.77	GE	GE Aerospace	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.91	INTC	Intel Aggressive Push	Pair Corr
0.78	IBM	International Business	Pair Corr

Moving against Franklin Mutual Fund

0.84	T	ATT Inc	Pair Corr
0.82	VZ	Verizon Communications	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.6	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.45	BA	Boeing	Pair Corr
0.38	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	HYPPX	AHYMX	CHMCX	RTHAX	MZHIX	JYHRX	NHCCX	TIYRX
HYPPX		0.78	0.71	0.72	0.87	0.84	0.71	0.97	HYPPX
AHYMX	0.78		0.92	0.92	0.78	0.84	0.92	0.8	AHYMX
CHMCX	0.71	0.92		0.99	0.8	0.88	1.0	0.76	CHMCX
RTHAX	0.72	0.92	0.99		0.82	0.89	0.99	0.76	RTHAX
MZHIX	0.87	0.78	0.8	0.82		0.94	0.81	0.89	MZHIX
JYHRX	0.84	0.84	0.88	0.89	0.94		0.88	0.87	JYHRX
NHCCX	0.71	0.92	1.0	0.99	0.81	0.88		0.77	NHCCX
TIYRX	0.97	0.8	0.76	0.76	0.89	0.87	0.77		TIYRX
	HYPPX	AHYMX	CHMCX	RTHAX	MZHIX	JYHRX	NHCCX	TIYRX

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Utilities 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 Franklin Utilities' 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
HYPPX	0.15	0.01	(0.02)	0.10	0.00	(0.25)	0.48	(0.24)	1.07
AHYMX	0.13	0.03	0.12	17.85	0.00	(0.21)	0.34	(0.11)	0.79
CHMCX	0.15	0.06	0.27	3.32	0.00	(0.26)	0.45	(0.22)	1.02
RTHAX	0.12	0.06	0.27	2.11	0.00	(0.22)	0.52	(0.10)	0.96
MZHIX	0.11	0.00	(0.07)	0.05	0.00	(0.16)	0.25	(0.25)	0.63
JYHRX	0.10	0.01	(0.03)	0.12	0.00	(0.17)	0.15	(0.15)	0.61
NHCCX	0.19	0.08	0.36	6.36	0.00	(0.27)	0.57	(0.21)	1.52
TIYRX	0.14	0.01	(0.04)	0.07	0.07	(0.22)	0.34	(0.34)	1.02

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