Blackrock Muniyield Correlations
| MYD Fund | USD 9.87 0.03 0.30% |
The current 90-days correlation between Blackrock Muniyield and Munivest Fund is 0.76 (i.e., Poor diversification). The correlation of Blackrock Muniyield 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.
Blackrock Muniyield Correlation With Market
Very weak diversification
The correlation between Blackrock Muniyield 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 Blackrock Muniyield and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Related Correlations Analysis
| 0.57 | 0.38 | 0.48 | 0.69 | 0.26 | 0.42 | MVF | ||
| 0.57 | 0.9 | 0.9 | 0.86 | 0.84 | 0.84 | MQT | ||
| 0.38 | 0.9 | 0.92 | 0.84 | 0.94 | 0.93 | MQY | ||
| 0.48 | 0.9 | 0.92 | 0.86 | 0.91 | 0.89 | MHD | ||
| 0.69 | 0.86 | 0.84 | 0.86 | 0.82 | 0.87 | MUE | ||
| 0.26 | 0.84 | 0.94 | 0.91 | 0.82 | 0.92 | MVT | ||
| 0.42 | 0.84 | 0.93 | 0.89 | 0.87 | 0.92 | MYI | ||
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Risk-Adjusted Indicators
There is a big difference between Blackrock Fund performing well and Blackrock Muniyield 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 Blackrock Muniyield'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MVF | 0.48 | (0.09) | 0.00 | (0.11) | 0.00 | 1.05 | 3.01 | |||
| MQT | 0.37 | (0.02) | (0.28) | 0.07 | 0.44 | 0.96 | 2.77 | |||
| MQY | 0.43 | (0.06) | (0.26) | 0.01 | 0.57 | 1.01 | 3.60 | |||
| MHD | 0.48 | (0.06) | (0.20) | 0.02 | 0.68 | 0.91 | 2.99 | |||
| MUE | 0.47 | (0.09) | 0.00 | (0.11) | 0.00 | 0.96 | 2.94 | |||
| MVT | 0.46 | (0.06) | (0.20) | (0.01) | 0.74 | 0.91 | 3.67 | |||
| MYI | 0.42 | (0.06) | 0.00 | (0.04) | 0.00 | 0.97 | 3.22 |