Nuveen Infrastructure Correlations

NUSIX Fund

USD 10.09 0.01 0.1%

The current 90-days correlation between Nuveen Infrastructure and Navigator Equity Hedged is 0.21 (i.e., Modest diversification). The correlation of Nuveen Infrastructure 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.

Nuveen Infrastructure Correlation With Market

Significant diversification

The correlation between Nuveen Infrastructure Income and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Infrastructure Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Infrastructure Income. 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 Nuveen Mutual Fund

0.97	NTAIX	Northern Lights	Pair Corr
0.98	NTBAX	Navigator Tactical Fixed	Pair Corr
0.98	NTBCX	Navigator Tactical Fixed	Pair Corr
0.98	NTBIX	Navigator Tactical Fixed	Pair Corr
0.68	NTIIX	Navigator Tactical	Pair Corr
0.96	PTSPX	Pimco Short Term	Pair Corr
0.96	PTSHX	Short Term Fund	Pair Corr
0.95	PSFAX	Short Term Fund	Pair Corr
0.95	PTSRX	Short Term Fund	Pair Corr
0.97	PSDNX	Putnam Ultra Short	Pair Corr
0.96	LUSNX	Lord Abbett Ultra	Pair Corr
0.99	VUBFX	Vanguard Ultra Short	Pair Corr
0.96	PSDRX	Putnam Short Duration	Pair Corr
0.97	PSDYX	Putnam Short Duration	Pair Corr
0.76	RYMEX	Commodities Strategy	Pair Corr
0.75	RYMJX	Commodities Strategy	Pair Corr
0.76	RYMBX	Commodities Strategy	Pair Corr
0.8	BRUFX	Bruce Fund Bruce	Pair Corr
0.95	SPGSX	State Street Premier	Pair Corr
0.97	KF	Korea Closed	Pair Corr
0.9	PIIJX	Diversified International	Pair Corr
0.77	RCBGX	American Funds Porate	Pair Corr
0.74	BSL	Blackstone Gso Senior	Pair Corr
0.98	SEDAX	Siit Emerging Markets	Pair Corr
0.95	ASPGX	Astor Star Fund	Pair Corr
0.94	SUTZX	Ab Sustainable Thematic	Pair Corr
0.93	GCECX	Ab Global E	Pair Corr
0.92	HAVLX	Harbor Large Cap	Pair Corr
0.91	MSAAX	Active International	Pair Corr
0.95	PTOAX	Stocksplus Total Return	Pair Corr
0.9	GLO	Clough Global Opport	Pair Corr
0.95	JHBJX	John Hancock Funds	Pair Corr
0.95	TLYRX	Tiaa Cref Lifecycle	Pair Corr
0.94	RYRSX	Russell 2000 2x	Pair Corr

Moving against Nuveen Mutual Fund

0.54	NAVIX	Navigator Equity Hedged	Pair Corr
0.85	ABPRX	Ab Large Cap	Pair Corr

Related Correlations Analysis

	NAVIX	NTBAX	NTBIX	NUSIX	EIVFX	FZABX	OGFAX	REMAX	CRVRX	SFGIX
NAVIX		-0.56	-0.56	-0.54	-0.53	-0.6	-0.51	-0.53	-0.52	-0.53	NAVIX
NTBAX	-0.56		1.0	0.98	0.96	0.9	0.95	0.96	0.55	0.93	NTBAX
NTBIX	-0.56	1.0		0.98	0.95	0.89	0.95	0.96	0.56	0.93	NTBIX
NUSIX	-0.54	0.98	0.98		0.95	0.91	0.95	0.97	0.58	0.94	NUSIX
EIVFX	-0.53	0.96	0.95	0.95		0.95	0.99	0.99	0.71	0.98	EIVFX
FZABX	-0.6	0.9	0.89	0.91	0.95		0.96	0.95	0.74	0.97	FZABX
OGFAX	-0.51	0.95	0.95	0.95	0.99	0.96		0.98	0.69	0.98	OGFAX
REMAX	-0.53	0.96	0.96	0.97	0.99	0.95	0.98		0.67	0.99	REMAX
CRVRX	-0.52	0.55	0.56	0.58	0.71	0.74	0.69	0.67		0.72	CRVRX
SFGIX	-0.53	0.93	0.93	0.94	0.98	0.97	0.98	0.99	0.72		SFGIX
	NAVIX	NTBAX	NTBIX	NUSIX	EIVFX	FZABX	OGFAX	REMAX	CRVRX	SFGIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NTBIX	+ 1.0	NTBAX
OGFAX	+ 0.99	EIVFX
REMAX	+ 0.99	EIVFX
SFGIX	+ 0.99	REMAX
NUSIX	+ 0.98	NTBAX
NUSIX	+ 0.98	NTBIX

High negative correlations

FZABX	- 0.6	NAVIX
NTBIX	- 0.56	NAVIX
NTBAX	- 0.56	NAVIX
NUSIX	- 0.54	NAVIX
SFGIX	- 0.53	NAVIX
REMAX	- 0.53	NAVIX

Risk-Adjusted Indicators

There is a big difference between Nuveen Mutual Fund performing well and Nuveen Infrastructure 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 Nuveen Infrastructure'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
NAVIX	0.01	(0.01)	0.00	(6.36)	0.00	0.00	0.00	0.00	0.32
NTBAX	0.12	0.03	(0.37)	0.41	0.00	(0.18)	0.32	(0.21)	1.07
NTBIX	0.14	0.03	(0.36)	0.35	0.00	(0.19)	0.32	(0.21)	1.28
NUSIX	0.03	0.01	0.00	3.22	0.00	0.00	0.10	0.00	0.10
EIVFX	0.53	0.07	0.03	0.23	0.46	(0.58)	1.54	(0.97)	3.90
FZABX	0.55	0.13	0.08	0.43	0.35	(0.61)	1.34	(1.07)	3.36
OGFAX	0.65	0.11	0.11	0.25	0.56	(0.75)	2.04	(1.10)	4.89
REMAX	0.51	0.19	0.19	0.52	0.00	(0.63)	1.77	(1.00)	3.94
CRVRX	0.58	0.00	(0.07)	0.12	0.83	(0.62)	1.52	(1.23)	4.49
SFGIX	0.41	0.18	0.11	0.80	0.20	(0.50)	1.12	(0.69)	3.31

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