Icon Bond Correlations

IOBZX Fund

USD 8.58 0.03 0.35%

The current 90-days correlation between Icon Bond Fund and 1919 Financial Services is -0.1 (i.e., Good diversification). The correlation of Icon Bond 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.

Icon Bond Correlation With Market

Good diversification

The correlation between Icon Bond Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icon Bond 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 Icon Bond 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 nation.

Moving together with Icon Mutual Fund

1.0	IOBAX	Icon Bond Fund	Pair Corr
0.94	IOLZX	Icon Long/short	Pair Corr
0.94	ISTAX	Icon Long/short	Pair Corr
0.92	ICBAX	Icon Natural Resources	Pair Corr
0.88	ICFAX	Icon Financial	Pair Corr
0.89	ICFSX	Icon Financial	Pair Corr
0.95	ICTEX	Icon Information Tec	Pair Corr
0.73	ICTTX	Icon Information Tec	Pair Corr
0.62	PONCX	Pimco Income	Pair Corr
0.63	PIPNX	Pimco Income	Pair Corr
0.62	PONRX	Pimco Income	Pair Corr
0.62	LBNDX	Lord Abbett Bond	Pair Corr
0.61	FSTAX	Fidelity Advisor Str	Pair Corr
0.68	FSRIX	Fidelity Advisor Str	Pair Corr
0.67	GAAKX	Gmo Alternative Allo	Pair Corr
0.66	GAAGX	Gmo Alternative Allo	Pair Corr
0.7	LTINX	Principal Lifetime 2015	Pair Corr
0.69	ISNHX	Voya Solution 2030	Pair Corr
0.91	MGQAX	Global Quality Portfolio	Pair Corr
0.7	NPSFX	Nuveen Preferred Sec	Pair Corr
0.87	RPNIX	Riverpark/next Century	Pair Corr
0.68	NWKEX	Nationwide Highmark Small	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr

Moving against Icon Mutual Fund

0.4

GPMFX

Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	SBFAX	IAAEX	VFAIX	DVFYX	RMBLX	BTO	GCFSX	FTIXX
SBFAX		0.96	0.99	0.98	0.94	0.97	0.96	0.64	SBFAX
IAAEX	0.96		0.98	0.98	0.9	0.94	0.98	0.7	IAAEX
VFAIX	0.99	0.98		0.99	0.92	0.96	0.98	0.71	VFAIX
DVFYX	0.98	0.98	0.99		0.91	0.95	0.99	0.71	DVFYX
RMBLX	0.94	0.9	0.92	0.91		0.97	0.9	0.64	RMBLX
BTO	0.97	0.94	0.96	0.95	0.97		0.95	0.67	BTO
GCFSX	0.96	0.98	0.98	0.99	0.9	0.95		0.69	GCFSX
FTIXX	0.64	0.7	0.71	0.71	0.64	0.67	0.69		FTIXX
	SBFAX	IAAEX	VFAIX	DVFYX	RMBLX	BTO	GCFSX	FTIXX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Bond 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 Icon Bond'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SBFAX	0.67	0.03	0.01	0.16	0.69	(0.76)	1.87	(1.79)	5.39
IAAEX	0.69	0.02	0.00	0.16	0.66	(0.83)	1.97	(1.27)	4.55
VFAIX	0.75	0.07	0.07	0.20	0.74	(0.79)	1.92	(1.77)	5.62
DVFYX	0.72	0.15	0.15	0.30	0.57	(0.82)	1.80	(1.32)	5.14
RMBLX	1.12	0.15	0.11	0.28	1.01	(1.23)	2.53	(2.45)	5.97
BTO	0.91	0.19	0.14	0.37	0.88	(1.00)	2.27	(1.81)	6.26
GCFSX	0.65	0.19	0.17	0.41	0.35	(0.78)	1.94	(1.19)	3.94
FTIXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01

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