Growth Income Correlations

Mutual Funds . USA . 
Fund . Growth Income Fund
UIGIX Fund  USD 25.00  0.03  0.12%   
The current 90-days correlation between Growth Income and Franklin Adjustable Government is -0.15 (i.e., Good diversification). The correlation of Growth Income 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.

Growth Income Correlation With Market

Very good diversification

The correlation between Growth Income Fund and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Income 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 Growth Income 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 gross domestic product.

Moving together with Growth Mutual Fund

  0.99UICGX Capital GrowthPairCorr
  0.97UIEMX Emerging MarketsPairCorr
  0.98UIHIX High Income FundPairCorr
  0.96UIIFX International FundPairCorr
  0.97UIGRX Growth Fund GrowthPairCorr
  0.75UIINX Income Fund IncomePairCorr
  0.99UIISX Income StockPairCorr
  0.72UIITX Intermediate Term BondPairCorr
  0.89UISBX Short Term BondPairCorr
  0.99UISCX Small Cap StockPairCorr
  0.95UIVAX Value Fund ValuePairCorr
  0.99UIWGX World GrowthPairCorr
  0.72URIBX Intermediate Term BondPairCorr
  0.75URIFX Income Fund IncomePairCorr
  0.98URHIX High Income FundPairCorr
  1.0URNQX Nasdaq 100 IndexPairCorr
  0.89URSBX Short Term BondPairCorr
  0.92URUSX Ultra Short TermPairCorr
  0.97USPRX Sp 500 IndexPairCorr
  0.97UTMAX Target Managed AllocationPairCorr
  0.93UUSIX Ultra Short TermPairCorr
  0.99UGOFX Global Managed VolatilityPairCorr
  0.97UIAGX Aggressive GrowthPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.97VINIX Vanguard InstitutionalPairCorr
  0.97VIIIX Vanguard InstitutionalPairCorr
  0.88LIIAX Columbia Porate IncomePairCorr
  0.86SRINX Columbia Porate IncomePairCorr
  0.96WRHIX Ivy High IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Income 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 Growth Income'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.

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