Short Duration Correlations

Mutual Funds . USA . 
Fund . Short Duration Bond
RSBCX Fund  USD 18.51  0.02  0.11%   
The current 90-days correlation between Short Duration Bond and International Developed Markets is -0.05 (i.e., Good diversification). The correlation of Short Duration 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 Duration Correlation With Market

Significant diversification

The correlation between Short Duration Bond and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Duration 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 Short Duration 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 main economic indicators.

Moving together with Short Mutual Fund

  0.81RNTTX International DevelopedPairCorr
  0.77RREAX Global Real EstatePairCorr
  0.78RREYX Global Real EstatePairCorr
  0.77RRESX Global Real EstatePairCorr
  0.77RRSCX Global Real EstatePairCorr
  0.78RRSRX Global Real EstatePairCorr
  0.86RALAX Growth StrategyPairCorr
  0.86RALCX Growth StrategyPairCorr
  0.86RALSX Growth StrategyPairCorr
  0.86RALRX Growth StrategyPairCorr
  0.86RALVX Growth StrategyPairCorr
  0.93RSBRX Strategic BondPairCorr
  0.97RSBTX Short Duration BondPairCorr
  1.0RSBYX Short Duration BondPairCorr
  0.84RSCRX Us Small CapPairCorr
  0.84RSECX Us Strategic EquityPairCorr
  0.84RSEAX Us Strategic EquityPairCorr
  0.85RSESX Us Strategic EquityPairCorr
  1.0RSDTX Short Duration BondPairCorr
  0.88RAZAX Multi Asset GrowthPairCorr
  0.89RAZCX Multi Asset GrowthPairCorr
  0.87RSQAX Us E EquityPairCorr
  0.86RBCUX Tax Exempt BondPairCorr
  0.9RSYTX Strategic BondPairCorr
  0.87RBLCX Balanced StrategyPairCorr
  0.87RBLAX Balanced StrategyPairCorr
  0.87RBLSX Balanced StrategyPairCorr
  0.88RBLVX Balanced StrategyPairCorr
  0.88RBLRX Balanced StrategyPairCorr
  0.84RTDAX Multifactor EquityPairCorr
  0.84RTDCX Multifactor EquityPairCorr
  0.84RTDYX Select EquityPairCorr
  0.84RTDSX Select EquityPairCorr
  0.84RTDRX Select EquityPairCorr
  0.84RTDTX Select EquityPairCorr
  0.83RTEAX Tax Exempt BondPairCorr
  0.81RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Duration 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 Duration'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  0.52  0.22  0.12 (3.29) 0.27 
(0.63)
 1.40 
(0.95)
 3.12 
RREAX  0.55  0.14 (0.01)(1.30) 0.56 
(0.57)
 1.44 
(1.15)
 3.71 
RREYX  0.54  0.14 (0.01)(1.38) 0.56 
(0.56)
 1.42 
(1.17)
 3.69 
RRESX  0.55  0.14 (0.01)(1.30) 0.58 
(0.56)
 1.46 
(1.14)
 3.68 
RRSCX  0.54  0.13 (0.01)(1.27) 0.57 
(0.55)
 1.45 
(1.14)
 3.70 
RRSRX  0.54  0.14 (0.01)(1.30) 0.54 
(0.59)
 1.46 
(1.14)
 3.72 
RALAX  0.47  0.20  0.08 (2.58) 0.32 
(0.54)
 1.43 
(1.07)
 3.42 
RALCX  0.46  0.20  0.07 (2.55) 0.32 
(0.52)
 1.46 
(1.08)
 3.46 
RALSX  0.47  0.20  0.08 (2.45) 0.34 
(0.52)
 1.46 
(1.12)
 3.31 
RALRX  0.47  0.20  0.08 (2.61) 0.33 
(0.52)
 1.46 
(1.12)
 3.30 

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