Western Asset Correlations

Funds . USA . 
Fund . Western Asset High
HIO Fund  USD 4.00  0.02  0.50%   
The current 90-days correlation between Western Asset High and Western Asset High is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Western Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Asset High moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Western Asset Correlation With Market

Weak diversification

The correlation between Western Asset High and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset High and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Western Asset High. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Western Fund

  0.84BRUFX Bruce Fund BrucePairCorr
  0.89SPGSX State Street PremierPairCorr
  0.84KF Korea ClosedPairCorr
  0.94DHMYX Diamond Hill SmallPairCorr
  0.88TEMVX Tiaa Cref EmergingPairCorr
  0.84SIGAX Western Asset PoratePairCorr
  0.91HGOTX Hartford Growth OppoPairCorr
  0.9GCSSX Goldman Sachs SmallPairCorr
  0.64DLEUX Doubleline ShillerPairCorr
  0.93VIVAX Vanguard Value IndexPairCorr
  0.88STPAX Technology MunicationsPairCorr
  0.78MIOIX Morgan Stanley InstiPairCorr
  0.9RBOTX American Funds 2065PairCorr
  0.89TILCX T Rowe PricePairCorr
  0.86LPREX Blackrock LifepathPairCorr
  0.91PRMDX Maryland Short TermPairCorr
  0.86TFSLX Touchstone FlexiblePairCorr
  0.79FESIX Fidelity Sai RealPairCorr
  0.88JSOCX Jpmorgan Strategic IncomePairCorr
  0.79BIMIX Baird Intermediate BondPairCorr
  0.79GCIIX Goldman Sachs InternPairCorr
  0.91JGMRX Janus TritonPairCorr
  0.91MSPIX Mainstay Sp 500PairCorr
  0.9DELNX Doubleline Low DurationPairCorr
  0.91CHYDX Calamos High IncomePairCorr
  0.88GWOAX Gmo Global DevelopedPairCorr
  0.89LFRRX Lord Abbett InvPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.89NUSAX Nationwide GovernmentPairCorr
  0.91DVOIX Dividend OpportunitiesPairCorr
  0.87ANGLX Angel Oak MultiPairCorr
  0.92CLVRX Columbia InternationalPairCorr
  0.9USBSX Cornerstone ModeratePairCorr
  0.89GMYYX Mydestination 2045PairCorr
  0.9GMWZX Mydestination 2025PairCorr
  0.9PISHX Cohen Steers PreferredPairCorr
  0.9GCMRX Goldman Sachs MidPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Western Fund performing well and Western Asset 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 Western Asset'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY