Investment Grade Correlations

Mutual Funds . USA . 
Fund . Investment Grade Bond
RFATX Fund  USD 18.17  0.03  0.17%   
The current 90-days correlation between Investment Grade Bond and International Developed Markets is 0.36 (i.e., Weak diversification). The correlation of Investment Grade 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.

Investment Grade Correlation With Market

Modest diversification

The correlation between Investment Grade Bond and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investment Grade Bond 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 Investment Grade Bond. 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 Investment Mutual Fund

  0.64RNTTX International DevelopedPairCorr
  0.68RREAX Global Real EstatePairCorr
  0.68RREYX Global Real EstatePairCorr
  0.68RRESX Global Real EstatePairCorr
  0.67RRSCX Global Real EstatePairCorr
  0.68RRSRX Global Real EstatePairCorr
  0.7RALAX Growth StrategyPairCorr
  0.69RALCX Growth StrategyPairCorr
  0.7RALSX Growth StrategyPairCorr
  0.7RALRX Growth StrategyPairCorr
  0.69RALVX Growth StrategyPairCorr
  1.0RSBRX Strategic BondPairCorr
  0.91RSBTX Short Duration BondPairCorr
  0.91RSBYX Short Duration BondPairCorr
  0.68RSCRX Us Small CapPairCorr
  0.93RSBCX Short Duration BondPairCorr
  0.67RSECX Us Strategic EquityPairCorr
  0.68RSEAX Us Strategic EquityPairCorr
  0.68RSESX Us Strategic EquityPairCorr
  0.91RSDTX Short Duration BondPairCorr
  0.74RAZAX Multi Asset GrowthPairCorr
  0.74RAZCX Multi Asset GrowthPairCorr
  0.73RSQAX Us E EquityPairCorr
  0.78RBCUX Tax Exempt BondPairCorr
  1.0RSYTX Strategic BondPairCorr
  0.72RBLCX Balanced StrategyPairCorr
  0.72RBLAX Balanced StrategyPairCorr
  0.72RBLSX Balanced StrategyPairCorr
  0.73RBLVX Balanced StrategyPairCorr
  0.72RBLRX Balanced StrategyPairCorr
  0.67RTDAX Multifactor EquityPairCorr
  0.67RTDCX Multifactor EquityPairCorr
  0.67RTDYX Select EquityPairCorr
  0.67RTDSX Select EquityPairCorr
  0.67RTDRX Select EquityPairCorr
  0.67RTDTX Select EquityPairCorr
  0.78RTEAX Tax Exempt BondPairCorr
  0.76RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Investment Mutual Fund performing well and Investment Grade 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 Investment Grade'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 

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