Virtus Bond Correlations
| SAVCX Fund | USD 9.76 0.04 0.41% |
The current 90-days correlation between Virtus Bond Fund and Elfun Government Money is 0.1 (i.e., Average diversification). The correlation of Virtus Bond 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.
Virtus Bond Correlation With Market
Average diversification
The correlation between Virtus Bond Fund and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
Virtus |
Moving together with Virtus Mutual Fund
| 0.85 | HYPSX | Ridgeworth Seix High | PairCorr |
| 0.95 | SAMFX | Ridgeworth Seix Total | PairCorr |
| 0.75 | SAMBX | Ridgeworth Seix Floating | PairCorr |
| 0.85 | SAMHX | Ridgeworth Seix High | PairCorr |
| 0.66 | SSAGX | Virtus Seix Government | PairCorr |
| 0.78 | SAMZX | Ridgeworth Seix Total | PairCorr |
| 0.78 | PXCZX | Virtus Tax Exempt | PairCorr |
| 0.75 | PFSRX | Virtus Senior Floating | PairCorr |
| 0.69 | SASVX | Ridgeworth Ceredex Small | PairCorr |
| 0.65 | PXIIX | Virtus Rampart Enhanced | PairCorr |
| 1.0 | SAVAX | Virtus Bond Fund | PairCorr |
| 1.0 | SAVYX | Virtus Bond Fund | PairCorr |
| 0.71 | PGICX | Virtus Rampart Enhanced | PairCorr |
| 0.91 | HIBIX | Virtus Low Duration | PairCorr |
| 0.76 | STCZX | Ridgeworth Silvant Large | PairCorr |
| 0.74 | STCIX | Ridgeworth Silvant Large | PairCorr |
| 0.64 | STCEX | Ridgeworth Ceredex Small | PairCorr |
| 0.89 | STGIX | Ridgeworth Seix E | PairCorr |
| 0.92 | STGZX | Ridgeworth Seix E | PairCorr |
| 0.68 | STIGX | Ridgeworth Seix E | PairCorr |
| 0.65 | STITX | Ridgeworth International | PairCorr |
| 0.79 | PHCHX | Virtus High Yield | PairCorr |
| 0.82 | PHCIX | Virtus High Yield | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Virtus Mutual Fund performing well and Virtus Bond 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 Virtus Bond'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELMXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| FCSCX | 0.06 | (0.01) | (1.85) | (3.12) | 0.00 | 0.13 | 0.53 | |||
| FICMX | 0.33 | 0.01 | (0.54) | 0.09 | 0.38 | 0.68 | 1.60 | |||
| RFBAX | 0.08 | 0.00 | (1.26) | 0.54 | 0.05 | 0.20 | 0.59 | |||
| IVMXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| SIGVX | 0.05 | 0.00 | (2.33) | 0.25 | 0.00 | 0.10 | 0.61 | |||
| FKFSX | 0.27 | 0.00 | (0.64) | 0.12 | 0.31 | 0.60 | 1.41 | |||
| DVPXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 |