Tax-managed Correlations

Mutual Funds . USA . 
Fund . Tax Managed Large Cap
RTLCX Fund  USD 81.56  0.05  0.06%   
The current 90-days correlation between Tax Managed Large and International Developed Markets is 0.04 (i.e., Significant diversification). The correlation of Tax-managed 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.

Tax-managed Correlation With Market

Good diversification

The correlation between Tax Managed Large Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tax Managed Large Cap 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 Tax Managed Large Cap. 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 Tax-managed Mutual Fund

  0.72RNTTX International DevelopedPairCorr
  0.63RREAX Global Real EstatePairCorr
  0.87RREYX Global Real EstatePairCorr
  0.65RRESX Global Real EstatePairCorr
  0.83RRSCX Global Real EstatePairCorr
  0.65RRSRX Global Real EstatePairCorr
  1.0RALCX Growth StrategyPairCorr
  1.0RALSX Growth StrategyPairCorr
  1.0RALVX Growth StrategyPairCorr
  0.67RSBRX Strategic BondPairCorr
  0.87RSBTX Short Duration BondPairCorr
  0.87RSBYX Short Duration BondPairCorr
  0.99RSCRX Us Small CapPairCorr
  0.85RSBCX Short Duration BondPairCorr
  1.0RSECX Us Strategic EquityPairCorr
  1.0RSEAX Us Strategic EquityPairCorr
  1.0RSESX Us Strategic EquityPairCorr
  0.87RSDTX Short Duration BondPairCorr
  0.68RAZAX Multi Asset GrowthPairCorr
  0.99RAZCX Multi Asset GrowthPairCorr
  0.99RSQAX Us E EquityPairCorr
  0.75RBCUX Tax Exempt BondPairCorr
  0.66RSYTX Strategic BondPairCorr
  1.0RBLCX Balanced StrategyPairCorr
  1.0RBLAX Balanced StrategyPairCorr
  1.0RBLSX Balanced StrategyPairCorr
  1.0RBLVX Balanced StrategyPairCorr
  1.0RBLRX 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
  0.89RTEAX 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 Tax-managed Mutual Fund performing well and Tax-managed 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 Tax-managed'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  0.49  0.10  0.02  0.40  0.39 
(0.57)
 1.11 
(0.95)
 2.97 
RREAX  0.47  0.02 (0.09) 0.21  0.61 
(0.48)
 1.18 
(1.00)
 3.33 
RREYX  0.52  0.11 (0.04)(1.33) 0.58 
(0.52)
 1.34 
(1.17)
 3.68 
RRESX  0.48  0.09 (0.08)(0.74) 0.61 
(0.47)
 1.17 
(1.03)
 3.35 
RRSCX  0.52  0.04 (0.05) 0.23  0.63 
(0.52)
 1.36 
(1.14)
 3.70 
RRSRX  0.47  0.09 (0.08)(0.77) 0.60 
(0.49)
 1.17 
(0.99)
 3.38 
RALAX  0.41  0.11  0.07  0.38  0.00 
(0.49)
 1.14 
(0.62)
 3.42 
RALCX  0.46  0.18  0.05 (2.61) 0.35 
(0.51)
 1.46 
(1.08)
 3.46 
RALSX  0.46  0.19  0.05 (2.50) 0.35 
(0.51)
 1.46 
(1.12)
 3.31 
RALRX  0.40  0.11  0.07  0.39  0.07 
(0.47)
 1.19 
(0.67)
 3.24 

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