Avantis Small Correlations

AVSBX Fund

10.15 0.08 0.79%

The current 90-days correlation between Avantis Small Cap and Us Government Securities is -0.18 (i.e., Good diversification). The correlation of Avantis Small 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.

Avantis Small Correlation With Market

Poor diversification

The correlation between Avantis Small Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Small Cap. 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 bureau of labor statistics.

Moving together with Avantis Mutual Fund

0.72	AVCNX	American Century Etf	Pair Corr
0.89	AVLVX	American Century Etf	Pair Corr
0.92	AVUVX	Avantis Small Cap	Pair Corr
0.96	AVUSX	Avantis Equity	Pair Corr
0.96	AVUNX	Avantis Equity	Pair Corr
0.83	ALCEX	Avantis Large Cap	Pair Corr
0.8	VSMAX	Vanguard Small Cap	Pair Corr
0.8	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.8	NAESX	Vanguard Small Cap	Pair Corr
0.77	FSSNX	Fidelity Small Cap	Pair Corr
0.99	DFSTX	Us Small Cap	Pair Corr
0.75	PASVX	T Rowe Price	Pair Corr
0.98	PRVIX	T Rowe Price	Pair Corr
0.93	TRZVX	T Rowe Price	Pair Corr
0.67	PRSVX	T Rowe Price	Pair Corr
0.64	MLXCX	Catalyst Mlp Infrast Steady Growth	Pair Corr

Moving against Avantis Mutual Fund

0.71	AVGNX	Avantis Short Term	Pair Corr
0.67	AVIGX	American Century Etf	Pair Corr
0.66	AVBNX	American Century Etf	Pair Corr
0.55	AVDEX	Avantis International	Pair Corr
0.55	AVDNX	Avantis International	Pair Corr
0.53	AVANX	Avantis International	Pair Corr
0.53	AVDVX	Avantis International	Pair Corr
0.53	AVSFX	Avantis Short Term	Pair Corr
0.33	AVENX	Avantis Emerging Markets	Pair Corr
0.32	AVEEX	Avantis Emerging Markets	Pair Corr
0.71	VIITX	Vanguard Institutional	Pair Corr
0.69	SAMFX	Ridgeworth Seix Total	Pair Corr
0.51	PBDPX	Pimco Investment Grade	Pair Corr
0.45	JMKIX	Emerging Markets Debt	Pair Corr
0.44	PEFPX	Pimco Em Fundamental	Pair Corr
0.4	REEAX	Rbc Emerging Markets	Pair Corr
0.39	PEBIX	Emerging Markets Bond	Pair Corr

Related Correlations Analysis

	RGVEX	CGTFX	RFBAX	TWARX	GSOIX	FHNFX	USGFX	BIGLX
RGVEX		0.97	0.94	0.94	1.0	0.97	1.0	0.96	RGVEX
CGTFX	0.97		0.94	0.93	0.96	1.0	0.97	0.99	CGTFX
RFBAX	0.94	0.94		0.97	0.93	0.94	0.94	0.92	RFBAX
TWARX	0.94	0.93	0.97		0.92	0.92	0.94	0.9	TWARX
GSOIX	1.0	0.96	0.93	0.92		0.97	1.0	0.96	GSOIX
FHNFX	0.97	1.0	0.94	0.92	0.97		0.97	0.99	FHNFX
USGFX	1.0	0.97	0.94	0.94	1.0	0.97		0.96	USGFX
BIGLX	0.96	0.99	0.92	0.9	0.96	0.99	0.96		BIGLX
	RGVEX	CGTFX	RFBAX	TWARX	GSOIX	FHNFX	USGFX	BIGLX

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Risk-Adjusted Indicators

There is a big difference between Avantis Mutual Fund performing well and Avantis Small 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 Avantis Small'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
RGVEX	0.25	0.02	0.27	(0.38)	0.22	(0.30)	0.51	(0.42)	1.38
CGTFX	0.25	0.03	0.29	0.67	0.22	(0.29)	0.60	(0.42)	1.55
RFBAX	0.09	0.01	0.39	(1.98)	0.00	(0.24)	0.20	(0.20)	0.59
TWARX	0.09	0.01	0.58	(0.31)	0.00	(0.15)	0.22	(0.11)	0.56
GSOIX	0.24	0.01	0.27	(0.22)	0.22	(0.28)	0.62	(0.46)	1.42
FHNFX	0.22	0.02	0.29	1.24	0.19	(0.26)	0.55	(0.43)	1.23
USGFX	0.25	0.02	0.27	(0.37)	0.23	(0.31)	0.51	(0.43)	1.55
BIGLX	0.25	0.03	0.24	0.46	0.24	(0.31)	0.56	(0.54)	1.58

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