Virtus Global Correlations

Mutual Funds . USA . 
Fund . Virtus Global Multi Sector
XVGIX Fund  USD 8.07  0.02  0.25%   
The current 90-days correlation between Virtus Global Multi and Vanguard Total Stock is 0.28 (i.e., Modest diversification). The correlation of Virtus Global 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 Global Correlation With Market

Modest diversification

The correlation between Virtus Global Multi Sector and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Multi Sector and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Virtus Global Multi Sector. 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 Virtus Mutual Fund

  0.83VTSAX Vanguard Total StockPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.83VTSMX Vanguard Total StockPairCorr
  0.83VITSX Vanguard Total StockPairCorr
  0.83VSTSX Vanguard Total StockPairCorr
  0.83VSMPX Vanguard Total StockPairCorr
  0.83VFINX Vanguard 500 IndexPairCorr
  0.83VFFSX Vanguard 500 IndexPairCorr
  0.87VGTSX Vanguard Total InterPairCorr
  0.87VTIAX Vanguard Total InterPairCorr
  0.86PFN Pimco Income StrategyPairCorr
  0.87CIF Mfs Intermediate HighPairCorr
  0.68NXJ Nuveen New JerseyPairCorr
  0.84PCF Putnam High IncomePairCorr
  0.84QLEIX Aqr Long ShortPairCorr
  0.81MGQAX Global Quality PortfolioPairCorr
  0.83RGLIX Allianzgi Global NaturalPairCorr
  0.85CHW Calamos Global DynamicPairCorr
  0.82UINQX Usaa Nasdaq 100PairCorr
  0.86IIBZX Voya Intermediate BondPairCorr
  0.81TBIPX Tiaa Cref BondPairCorr
  0.83CLWFX Columbia Large CapPairCorr
  0.87NPSFX Nuveen Preferred SecPairCorr
  0.89FPTKX Fidelity Freedom 2015PairCorr
  0.89AVGRX Dynamic Total ReturnPairCorr
  0.81CGOAX Columbia Small CapPairCorr
  0.85MYSIX Victory TrivalentPairCorr
  0.76FSRFX Transportation Portfolio Potential GrowthPairCorr
  0.78VGSNX Vanguard Reit IndexPairCorr
  0.83HCMBX Hcm Dynamic IncomePairCorr
  0.91FYTKX Fidelity Freedom IncomePairCorr
  0.79AIRIX Horizon Active IncomePairCorr
  0.83QCERX Aqr Large CapPairCorr
  0.84RPIDX T Rowe PricePairCorr
  0.86PGDRX Diversified Real AssetPairCorr
  0.87ISNHX Voya Solution 2030PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Global 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 Global'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
VTSAX  0.66  0.12  0.11  0.27  0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.66  0.12  0.12  0.26  0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.12  0.12  0.26  0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.65  0.11  0.11  0.25  0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.15  0.11  0.52  0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.15  0.10  0.52  0.19 
(0.52)
 1.35 
(0.86)
 3.10 

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