Us Defensive Correlations

Mutual Funds . USA . 
Fund . Us Defensive Equity
REQTX Fund  USD 46.38  0.04  0.09%   
The current 90-days correlation between Us Defensive Equity and International Developed Markets is 0.64 (i.e., Poor diversification). The correlation of Us Defensive 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.

Us Defensive Correlation With Market

Almost no diversification

The correlation between Us Defensive Equity and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Defensive Equity 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 Us Defensive Equity. 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 estimate.

Moving together with REQTX Mutual Fund

  0.96RNTTX International DevelopedPairCorr
  0.87RREAX Global Real EstatePairCorr
  0.88RREYX Global Real EstatePairCorr
  0.87RRESX Global Real EstatePairCorr
  0.87RRSCX Global Real EstatePairCorr
  0.88RRSRX Global Real EstatePairCorr
  1.0RALAX Growth StrategyPairCorr
  1.0RALCX Growth StrategyPairCorr
  1.0RALSX Growth StrategyPairCorr
  1.0RALRX Growth StrategyPairCorr
  1.0RALVX Growth StrategyPairCorr
  0.64RSBRX Strategic BondPairCorr
  0.85RSBTX Short Duration BondPairCorr
  0.85RSBYX Short Duration BondPairCorr
  0.98RSCRX Us Small CapPairCorr
  0.83RSBCX Short Duration BondPairCorr
  1.0RSECX Us Strategic EquityPairCorr
  1.0RSEAX Us Strategic EquityPairCorr
  1.0RSESX Us Strategic EquityPairCorr
  0.85RSDTX Short Duration BondPairCorr
  0.99RAZAX Multi Asset GrowthPairCorr
  0.99RAZCX Multi Asset GrowthPairCorr
  0.99RSQAX Us E EquityPairCorr
  0.89RBCUX Tax Exempt BondPairCorr
  0.64RSYTX Strategic BondPairCorr
  0.99RBLCX Balanced StrategyPairCorr
  0.99RBLAX Balanced StrategyPairCorr
  0.99RBLSX Balanced StrategyPairCorr
  0.99RBLVX Balanced StrategyPairCorr
  0.99RBLRX Balanced StrategyPairCorr
  1.0RTDAX Multifactor EquityPairCorr
  1.0RTDCX Multifactor EquityPairCorr
  1.0RTDYX Select EquityPairCorr
  1.0RTDSX Select EquityPairCorr
  1.0RTDRX Select EquityPairCorr
  1.0RTDTX Select EquityPairCorr
  0.88RTEAX Tax Exempt BondPairCorr
  0.86RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between REQTX Mutual Fund performing well and Us Defensive 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 Us Defensive'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.51  0.13  0.08  0.43  0.32 
(0.60)
 1.27 
(0.95)
 3.12 
RREAX  0.52  0.04 (0.04) 0.24  0.59 
(0.53)
 1.36 
(1.15)
 3.71 
RREYX  0.52  0.05 (0.04) 0.24  0.58 
(0.52)
 1.34 
(1.17)
 3.68 
RRESX  0.52  0.05 (0.04) 0.24  0.61 
(0.52)
 1.41 
(1.14)
 3.68 
RRSCX  0.52  0.04 (0.04) 0.23  0.63 
(0.52)
 1.36 
(1.14)
 3.70 
RRSRX  0.52  0.05 (0.04) 0.24  0.61 
(0.54)
 1.38 
(1.14)
 3.71 
RALAX  0.46  0.09  0.06  0.26  0.33 
(0.53)
 1.43 
(1.07)
 3.42 
RALCX  0.46  0.08  0.06  0.26  0.35 
(0.51)
 1.46 
(1.08)
 3.46 
RALSX  0.46  0.09  0.06  0.27  0.35 
(0.51)
 1.46 
(1.12)
 3.31 
RALRX  0.46  0.09  0.06  0.27  0.34 
(0.51)
 1.46 
(1.12)
 3.30 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY