International Equity Correlations

Mutual Funds . USA . 
Fund . International Equity Fund
HISIX Fund  USD 10.71  0.07  0.65%   
The current 90-days correlation between International Equity and Ab Bond Inflation is 0.14 (i.e., Average diversification). The correlation of International Equity 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.

International Equity Correlation With Market

Very weak diversification

The correlation between International Equity Fund and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Equity Fund 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 International Equity Fund. 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 International Mutual Fund

  0.89HNASX Growth Fund GrowthPairCorr
  0.68HOSBX Short Term BondPairCorr
  0.84HOVLX Value Fund ValuePairCorr
  0.9HSCSX Small-company StockPairCorr
  0.85HSTIX Stock Index FundPairCorr
  0.92VGTSX Vanguard Total InterPairCorr
  0.92VTIAX Vanguard Total InterPairCorr
  0.92VTSNX Vanguard Total InterPairCorr
  0.92VTPSX Vanguard Total InterPairCorr
  0.92VTISX Vanguard Total InterPairCorr
  0.93VTMGX Vanguard DevelopedPairCorr
  0.93VDVIX Vanguard DevelopedPairCorr
  0.93VTMNX Vanguard DevelopedPairCorr
  0.93VDIPX Vanguard DevelopedPairCorr
  0.96FSPSX Fidelity InternationalPairCorr
  0.84ERH Allspring Utilities AndPairCorr
  0.76WHIYX Ivy High IncomePairCorr
  0.77IVHIX Ivy High IncomePairCorr
  0.77IHIFX Ivy High IncomePairCorr
  0.76WRHIX Ivy High IncomePairCorr
  0.77WHIAX Ivy High IncomePairCorr
  0.84CSJZX Cohen Steers RealtyPairCorr
  0.84CSRSX Cohen Steers RealtyPairCorr
  0.9EXHAX Pro Blend MaximumPairCorr
  0.85JANBX Janus BalancedPairCorr
  0.84JDVNX Jhancock DisciplinedPairCorr
  0.86RGAFX Growth FundPairCorr
  0.86FYOKX Oklahoma College SavingsPairCorr
  0.82RBNNX Robinson OpportunisticPairCorr
  0.79NEEIX Needham GrowthPairCorr
  0.85CLEYX Columbia Select LargePairCorr
  0.87JCLMX Multimanager LifestylePairCorr
  0.85LIGFX Lord Abbett DiversifiedPairCorr
  0.89GOIUX Goldman Sachs GrowthPairCorr
  0.88JHRDX Retirement Living ThroughPairCorr
  0.81HCMEX Hcm Income PlusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Equity 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 International Equity'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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