American Funds Correlations

RBEXX Fund

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The current 90-days correlation between American Funds Government and Vanguard Total Stock is 0.05 (i.e., Significant diversification). The correlation of American Funds 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.

American Funds Correlation With Market

Average diversification

The correlation between American Funds Government and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Government 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 American Funds Government. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with American Money Market Fund

0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.76	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.72	IBM	International Business Earnings Call Today	Pair Corr
0.82	DIS	Walt Disney	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.75	BA	Boeing Earnings Call This Week	Pair Corr
0.83	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against American Money Market Fund

0.53

Coca Cola

Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.99	0.51	0.59	0.51	0.51	0.99	0.51	0.52	0.52	VTSAX
VFIAX	0.99		0.48	0.57	0.47	0.48	1.0	0.47	0.49	0.48	VFIAX
VTSMX	0.51	0.48		0.86	1.0	1.0	0.48	1.0	0.98	0.98	VTSMX
VITSX	0.59	0.57	0.86		0.86	0.86	0.57	0.86	0.85	0.85	VITSX
VSTSX	0.51	0.47	1.0	0.86		1.0	0.48	1.0	0.98	0.98	VSTSX
VSMPX	0.51	0.48	1.0	0.86	1.0		0.48	1.0	0.98	0.98	VSMPX
VFINX	0.99	1.0	0.48	0.57	0.48	0.48		0.47	0.49	0.49	VFINX
VFFSX	0.51	0.47	1.0	0.86	1.0	1.0	0.47		0.98	0.98	VFFSX
VGTSX	0.52	0.49	0.98	0.85	0.98	0.98	0.49	0.98		1.0	VGTSX
VTIAX	0.52	0.48	0.98	0.85	0.98	0.98	0.49	0.98	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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Risk-Adjusted Indicators

There is a big difference between American Money Market Fund performing well and American Funds Money Market 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 American Funds' 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
VTSAX	0.66	0.26	0.07	(2.81)	0.54	(0.75)	2.07	(1.17)	5.05
VFIAX	0.61	0.12	0.13	0.31	0.34	(0.72)	2.02	(0.83)	4.88
VTSMX	0.57	0.28	0.14	(2.17)	0.07	(0.67)	1.56	(0.81)	5.04
VITSX	0.56	0.15	0.13	0.41	0.00	(0.66)	1.56	(0.81)	5.05
VSTSX	0.57	0.28	0.14	(2.18)	0.05	(0.66)	1.56	(0.81)	5.04
VSMPX	0.57	0.28	0.14	(2.18)	0.06	(0.67)	1.56	(0.81)	5.04
VFINX	0.62	0.13	0.12	0.32	0.32	(0.74)	2.02	(0.83)	4.88
VFFSX	0.55	0.28	0.14	(2.28)	0.00	(0.65)	1.48	(0.78)	4.88
VGTSX	0.44	0.18	0.01	(4.71)	0.28	(0.50)	1.06	(0.84)	3.09
VTIAX	0.44	0.18	0.01	(4.48)	0.26	(0.50)	1.07	(0.86)	3.10

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