International Growth Correlations

Mutual Funds . USA . 
Fund . International Growth Fund
VCINX Fund  USD 13.70  0.11  0.80%   
The current 90-days correlation between International Growth and Mid Cap Index is 0.76 (i.e., Poor diversification). The correlation of International Growth 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.

International Growth Correlation With Market

Poor diversification

The correlation between International Growth Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Growth 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 International Growth 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 board of governors.

Moving together with International Mutual Fund

  0.96VMIDX Mid Cap IndexPairCorr
  0.97VMSGX Mid Cap StrategicPairCorr
  0.95VAPPX Valic Company IPairCorr
  0.96VSRDX Valic Company IPairCorr
  0.96VSTIX Stock Index FundPairCorr
  0.88VSSVX Small Cap SpecialPairCorr
  0.96VBCVX Broad Cap ValuePairCorr
  0.94VCAAX Asset AllocationPairCorr
  0.96VCBCX Blue Chip GrowthPairCorr
  0.97VCGAX Growth IncomePairCorr
  0.95VCGEX Emerging EconomiesPairCorr
  0.95VCFVX Foreign ValuePairCorr
  0.97VCIEX International EquitiesPairCorr
  0.94VCIGX Valic Company IPairCorr
  0.96VCNIX Nasdaq 100 IndexPairCorr
  0.96VCSTX Science TechnologyPairCorr
  0.62VCTPX Inflation ProtectedPairCorr
  0.98VCSOX Global Social AwarenessPairCorr
  0.94VCSLX Small Cap IndexPairCorr
  0.97VCULX Growth Fund GrowthPairCorr
  0.95VDAFX Dynamic AllocationPairCorr
  0.96VVMCX Valic Company IPairCorr
  0.97VVSGX Valic Company IPairCorr
  0.92VGCLX Valic Company IPairCorr
  0.96VGLSX Global StrategyPairCorr
  0.9VGREX Global Real EstatePairCorr
  0.92VHYLX Valic Company IPairCorr
  0.94VIOPX Valic Company IPairCorr
  0.95VLAGX Valic Company IPairCorr
  0.97VLCGX Large Capital GrowthPairCorr
  0.96VLSMX Valic Company IPairCorr
  0.98RERFX Europacific GrowthPairCorr
  0.98AEPFX Europacific GrowthPairCorr
  0.97CEUAX Europacific GrowthPairCorr
  0.98CEUCX Europacific GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Growth 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 International Growth'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
VMIDX  0.74  0.08  0.08  0.22  0.76 
(0.85)
 2.16 
(1.56)
 6.18 
VMSGX  0.79  0.19  0.18  0.32  0.63 
(0.93)
 2.37 
(1.36)
 5.47 
VAPPX  0.82  0.30  0.15 (1.96) 0.68 
(0.98)
 2.27 
(1.56)
 5.92 
VSRDX  0.67  0.27  0.13 (1.78) 0.49 
(0.81)
 1.92 
(1.52)
 4.31 
VSTIX  0.65  0.11  0.11  0.25  0.56 
(0.77)
 2.02 
(1.12)
 4.86 
VSSVX  0.99  0.00  0.01  0.13  1.00 
(1.13)
 2.38 
(1.75)
 6.32 
VBCVX  0.58  0.05  0.03  0.19  0.52 
(0.66)
 1.63 
(1.09)
 3.91 
VCAAX  0.43  0.07  0.02  0.25  0.33 
(0.52)
 1.37 
(0.85)
 3.15 
VCBDX  0.25  0.03 (0.31)(1.63) 0.17 
(0.32)
 0.52 
(0.41)
 1.46 
VCBCX  0.82  0.17  0.16  0.29  0.71 
(0.98)
 2.43 
(1.40)
 5.66 

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