Virtus Bond Correlations

Mutual Funds . USA . 
Fund . Virtus Bond Fund
SAVYX Fund  USD 10.15  0.02  0.20%   
The current 90-days correlation between Virtus Bond Fund and Vanguard Multi Sector Income is 0.73 (i.e., Poor 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

Good diversification

The correlation between Virtus Bond Fund and DJI is -0.04 (i.e., Good 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Bond 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 Virtus Mutual Fund

  0.93VMSAX Vanguard Multi SectorPairCorr
  0.93VMSSX Virtus Multi SectorPairCorr
  0.9HYIZX Ridgeworth Seix HighPairCorr
  0.74SAGAX Ridgeworth InnovativePairCorr
  0.91HYPSX Ridgeworth Seix HighPairCorr
  0.87SAMFX Ridgeworth Seix TotalPairCorr
  0.86SAMBX Ridgeworth Seix FloatingPairCorr
  0.9SAMHX Ridgeworth Seix HighPairCorr
  0.9SSAGX Virtus Seix GovernmentPairCorr
  0.81SAMVX Ridgeworth Ceredex MidPairCorr
  0.89SAMZX Ridgeworth Seix TotalPairCorr
  0.85PXCZX Virtus Tax ExemptPairCorr
  0.85PFSRX Virtus Senior FloatingPairCorr
  0.79SASVX Ridgeworth Ceredex SmallPairCorr
  0.78PXIIX Virtus Rampart EnhancedPairCorr
  1.0SAVAX Virtus Bond FundPairCorr
  1.0SAVCX Virtus Bond FundPairCorr
  0.68PXQSX Virtus Kar SmallPairCorr
  0.72SSTFX Virtus Kar CapitalPairCorr
  0.88PGHCX Virtus High YieldPairCorr
  0.78PGICX Virtus Rampart EnhancedPairCorr
  0.75PGIUX Virtus Global InfrasPairCorr
  0.94HIBIX Virtus Low DurationPairCorr
  0.82STCZX Ridgeworth Silvant LargePairCorr
  0.82STCAX Ridgeworth Silvant LargePairCorr
  0.81STCIX Ridgeworth Silvant LargePairCorr
  0.79STCEX Ridgeworth Ceredex SmallPairCorr
  0.72HIEMX Virtus Emerging MarketsPairCorr
  0.7PGUAX Virtus Global InfrasPairCorr
  0.74PGUCX Virtus Global InfrasPairCorr
  0.82STGIX Ridgeworth Seix EPairCorr
  0.83STGZX Ridgeworth Seix EPairCorr
  0.83STIGX Ridgeworth Seix EPairCorr
  0.7STITX Ridgeworth InternationalPairCorr
  0.95HIMZX Virtus Low DurationPairCorr
  0.87PHCHX Virtus High YieldPairCorr
  0.89PHCIX Virtus High YieldPairCorr
  0.9STTBX Ridgeworth Seix InvePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMSAX  0.14  0.07 (0.37)(1.71) 0.00 
(0.18)
 0.45 
(0.17)
 1.15 
VMSSX  0.11  0.03 (0.43)(14.50) 0.00 
(0.26)
 0.22 
(0.22)
 0.67 
HYIZX  0.17  0.05 (0.28) 0.51  0.00 
(0.25)
 0.64 
(0.25)
 1.05 
SAGAX  1.11  0.45  0.25 (5.42) 0.82 
(1.34)
 3.11 
(1.95)
 7.65 
HYPSX  0.16  0.07 (0.37)(10.82) 0.00 
(0.25)
 0.65 
(0.13)
 0.95 
SAMFX  0.26  0.00 (0.34) 0.13  0.27 
(0.29)
 0.55 
(0.54)
 1.20 
SAMBX  0.11  0.05  0.00  0.93  0.00 
 0.00 
 0.41 
(0.13)
 0.80 
SAMHX  0.17  0.05 (0.29) 0.50  0.00 
(0.28)
 0.65 
(0.25)
 1.05 
SSAGX  0.06  0.01 (1.17) 0.49  0.00 
(0.18)
 0.10 
(0.10)
 0.61 
SAMVX  0.69  0.13  0.12  0.27  0.57 
(0.83)
 2.17 
(1.35)
 5.41 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY