Global Infrastructure Correlations

Mutual Funds . USA . 
Fund . Global Infrastructure Fund
RGIYX Fund  USD 10.25  0.01  0.1%   
The current 90-days correlation between Global Infrastructure and International Developed Markets is -0.14 (i.e., Good diversification). The correlation of Global 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.

Global Infrastructure Correlation With Market

Weak diversification

The correlation between Global Infrastructure Fund and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Infrastructure Fund 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 Global Infrastructure Fund. 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 manufacturing.

Moving together with Global Mutual Fund

  0.95RNTTX International DevelopedPairCorr
  0.89RREAX Global Real EstatePairCorr
  0.9RREYX Global Real EstatePairCorr
  0.92RRESX Global Real EstatePairCorr
  0.92RRSCX Global Real EstatePairCorr
  0.93RRSRX Global Real EstatePairCorr
  0.93RALAX Growth StrategyPairCorr
  0.93RALCX Growth StrategyPairCorr
  0.94RALSX Growth StrategyPairCorr
  0.93RALRX Growth StrategyPairCorr
  0.94RALVX Growth StrategyPairCorr
  0.63RSBRX Strategic BondPairCorr
  0.84RSBTX Short Duration BondPairCorr
  0.83RSBYX Short Duration BondPairCorr
  0.88RSCRX Us Small CapPairCorr
  0.81RSBCX Short Duration BondPairCorr
  0.91RSECX Us Strategic EquityPairCorr
  0.91RSEAX Us Strategic EquityPairCorr
  0.92RSESX Us Strategic EquityPairCorr
  0.83RSDTX Short Duration BondPairCorr
  0.93RAZAX Multi Asset GrowthPairCorr
  0.94RAZCX Multi Asset GrowthPairCorr
  0.89RSQAX Us E EquityPairCorr
  0.81RBCUX Tax Exempt BondPairCorr
  0.62RSYTX Strategic BondPairCorr
  0.93RBLCX Balanced StrategyPairCorr
  0.93RBLAX Balanced StrategyPairCorr
  0.94RBLSX Balanced StrategyPairCorr
  0.94RBLVX Balanced StrategyPairCorr
  0.94RBLRX Balanced StrategyPairCorr
  0.91RTDAX Multifactor EquityPairCorr
  0.92RTDCX Multifactor EquityPairCorr
  0.91RTDYX Select EquityPairCorr
  0.91RTDSX Select EquityPairCorr
  0.92RTDRX Select EquityPairCorr
  0.91RTDTX Select EquityPairCorr
  0.8RTEAX Tax Exempt BondPairCorr
  0.77RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global 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 Global 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.51  0.19  0.07 (3.66) 0.32 
(0.60)
 1.27 
(0.95)
 3.12 
RREAX  0.52  0.11 (0.04)(1.24) 0.59 
(0.53)
 1.36 
(1.15)
 3.71 
RREYX  0.52  0.11 (0.04)(1.33) 0.58 
(0.52)
 1.34 
(1.17)
 3.68 
RRESX  0.52  0.04 (0.04) 0.24  0.61 
(0.53)
 1.41 
(1.14)
 3.68 
RRSCX  0.52  0.04 (0.05) 0.23  0.63 
(0.52)
 1.36 
(1.14)
 3.70 
RRSRX  0.52  0.05 (0.04) 0.24  0.60 
(0.55)
 1.38 
(1.14)
 3.71 
RALAX  0.46  0.18  0.05 (2.64) 0.33 
(0.53)
 1.43 
(1.07)
 3.42 
RALCX  0.46  0.18  0.05 (2.61) 0.35 
(0.51)
 1.46 
(1.08)
 3.46 
RALSX  0.46  0.09  0.06  0.27  0.36 
(0.51)
 1.46 
(1.12)
 3.31 
RALRX  0.46  0.18  0.05 (2.69) 0.34 
(0.51)
 1.46 
(1.12)
 3.30 

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