Calvert Bond Correlations

CBDIX Fund

USD 14.58 0.01 0.07%

The current 90-days correlation between Calvert Bond Portfolio and Goldman Sachs Technology is 0.06 (i.e., Significant diversification). The correlation of Calvert 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.

Calvert Bond Correlation With Market

Average diversification

The correlation between Calvert Bond Portfolio and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calvert Bond Portfolio 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 Calvert Bond Portfolio. 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 Calvert Mutual Fund

0.87	CDHIX	Calvert Developed Market	Pair Corr
0.97	CDICX	Calvert Short Duration	Pair Corr
0.95	CDSRX	Calvert Short Duration	Pair Corr
0.95	CDSIX	Calvert Short Duration	Pair Corr
0.81	CWVIX	Calvert International	Pair Corr
0.83	CYBAX	Calvert High Yield	Pair Corr
0.81	CIESX	Calvert International	Pair Corr
0.99	CIFCX	Calvert Income	Pair Corr
0.75	CIOAX	Calvert International	Pair Corr
1.0	CLDIX	Calvert Long Term	Pair Corr
0.99	CMMRX	Calvert Mortgage Access	Pair Corr
0.76	COIRX	Calvert International	Pair Corr
0.69	CAARX	Calvert Conservative	Pair Corr
1.0	CSBCX	Calvert Bond Portfolio	Pair Corr
0.96	CSDAX	Calvert Short Duration	Pair Corr
1.0	CSIBX	Calvert Bond Portfolio	Pair Corr
1.0	CBORX	Calvert Bond	Pair Corr
0.68	CCLAX	Calvert Conservative	Pair Corr
0.98	CUBIX	Calvert Unconstrained	Pair Corr
0.98	CUBRX	Calvert Flexible Bond	Pair Corr
0.89	CULRX	Calvert Ultra Short	Pair Corr

Moving against Calvert Mutual Fund

0.66	CGJIX	Calvert Large Cap	Pair Corr
0.59	CEMCX	Calvert Emerging Markets	Pair Corr
0.58	CMCIX	Capital Management Mid	Pair Corr
0.55	CISIX	Calvert Large Cap	Pair Corr
0.58	CMERX	Calvert Emerging Markets	Pair Corr
0.58	CMPAX	Calvert Small/mid-cap	Pair Corr
0.57	CSXCX	Calvert Large Cap	Pair Corr
0.46	CBARX	Calvert Balanced	Pair Corr
0.46	CBAIX	Calvert Balanced Por	Pair Corr
0.31	CCPIX	Calvert Capital Accu	Pair Corr
0.55	SPGSX	State Street Premier	Pair Corr
0.49	CCVAX	Calvert Small Cap	Pair Corr

Related Correlations Analysis

	GISTX	SBHIX	CONIX	TEFQX	JNGTX	NWHOX	GITAX
GISTX		-0.06	0.94	0.79	0.98	0.83	1.0	GISTX
SBHIX	-0.06		0.0	0.2	-0.18	-0.11	-0.06	SBHIX
CONIX	0.94	0.0		0.71	0.93	0.86	0.94	CONIX
TEFQX	0.79	0.2	0.71		0.7	0.64	0.79	TEFQX
JNGTX	0.98	-0.18	0.93	0.7		0.83	0.98	JNGTX
NWHOX	0.83	-0.11	0.86	0.64	0.83		0.83	NWHOX
GITAX	1.0	-0.06	0.94	0.79	0.98	0.83		GITAX
	GISTX	SBHIX	CONIX	TEFQX	JNGTX	NWHOX	GITAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GITAX	+ 1.0	GISTX
JNGTX	+ 0.98	GISTX
GITAX	+ 0.98	JNGTX
CONIX	+ 0.94	GISTX
GITAX	+ 0.94	CONIX
JNGTX	+ 0.93	CONIX

High negative correlations

JNGTX	- 0.18	SBHIX
NWHOX	- 0.11	SBHIX
GITAX	- 0.06	SBHIX
SBHIX	- 0.06	GISTX
CONIX	- 0.0	SBHIX

Risk-Adjusted Indicators

There is a big difference between Calvert Mutual Fund performing well and Calvert 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 Calvert 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GISTX	1.25	(0.09)	0.00	(0.15)	0.00	0.00	1.77	(3.88)	7.54
SBHIX	0.63	0.03	0.09	0.00	0.74	(0.68)	1.20	(1.17)	3.37
CONIX	0.62	(0.06)	0.00	(0.19)	0.00	0.00	1.18	(1.47)	3.04
TEFQX	1.70	0.06	0.00	(0.02)	0.00	0.00	2.96	(3.69)	10.40
JNGTX	1.18	(0.07)	0.00	(0.14)	0.00	0.00	2.00	(3.18)	6.41
NWHOX	1.50	(0.29)	0.00	(0.44)	0.00	0.00	2.08	(3.60)	14.43
GITAX	1.25	(0.09)	0.00	(0.15)	0.00	0.00	1.79	(3.89)	7.57

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