Short-term Treasury Correlations

Mutual Funds . USA . 
Fund . Short Term Treasury Portfolio
PRTBX Fund  USD 66.59  0.04  0.06%   
The current 90-days correlation between Short Term Treasury and Versatile Bond Portfolio is 0.56 (i.e., Very weak diversification). The correlation of Short-term Treasury 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.

Short-term Treasury Correlation With Market

Very good diversification

The correlation between Short Term Treasury Portfolio and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Treasury Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Short Term Treasury Portfolio. 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 bureau of labor statistics.

Moving together with Short-term Mutual Fund

  0.81PRPHX Permanent Portfolio ClassPairCorr
  0.82PRPDX Permanent Portfolio ClassPairCorr
  0.82PRPFX Permanent Portfolio ClassPairCorr
  0.96PRVBX Versatile Bond PortfolioPairCorr
  0.93PRVHX Versatile Bond PortfolioPairCorr
  0.96PRVDX Versatile Bond PortfolioPairCorr
  0.78PAGDX Aggressive GrowthPairCorr
  0.78PAGHX Aggressive GrowthPairCorr
  0.78PAGRX Aggressive GrowthPairCorr
  0.82PTSPX Pimco Short TermPairCorr
  0.81PTSHX Short Term FundPairCorr
  0.8PSFAX Short Term FundPairCorr
  0.79PTSRX Short Term FundPairCorr
  0.89PSDNX Putnam Ultra ShortPairCorr
  0.88LUSNX Lord Abbett UltraPairCorr
  0.93VUBFX Vanguard Ultra ShortPairCorr
  0.87PSDRX Putnam Short DurationPairCorr
  0.88PSDYX Putnam Short DurationPairCorr
  0.74MGGYX Mirova Global GreenPairCorr
  0.9HLDIX Hartford EmergingPairCorr
  0.9HLDRX Hartford EmergingPairCorr
  0.9HLDAX Hartford EmergingPairCorr
  0.89HLDCX Hartford EmergingPairCorr
  0.9HLDTX Hartford EmergingPairCorr
  0.85TIHRX Tiaa-cref High-yieldPairCorr
  0.81HFQAX Henderson Global EquityPairCorr
  0.77JSLGX Multimanager LifestylePairCorr
  0.81WMFFX Washington MutualPairCorr
  0.77MKLOX Blackrock Global AllPairCorr
  0.77BCX Blackrock ResourcesPairCorr
  0.82ADBLX Amg Managers DoublelinePairCorr
  0.77VFINX Vanguard 500 IndexPairCorr
  0.82REMAX Emerging MarketsPairCorr
  0.88MSPGX Massmutual Select TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short-term Mutual Fund performing well and Short-term Treasury 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 Short-term Treasury'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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