Eaton Vance Correlations

ERSIX Fund

USD 6.74 0.01 0.15%

The current 90-days correlation between Eaton Vance Short and Goldman Sachs Clean is 0.16 (i.e., Average diversification). The correlation of Eaton Vance 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.

Eaton Vance Correlation With Market

Average diversification

The correlation between Eaton Vance Short and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Short and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Short. 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 Eaton Mutual Fund

0.99	PONAX	Pimco Income	Pair Corr
0.99	PONCX	Pimco Income	Pair Corr
0.98	PIPNX	Pimco Income	Pair Corr
0.98	PONRX	Pimco Income	Pair Corr
0.98	PONPX	Pimco Incme Fund	Pair Corr
0.98	PIINX	Pimco Income	Pair Corr
0.98	PIMIX	Pimco Income	Pair Corr
0.73	LBNDX	Lord Abbett Bond	Pair Corr
0.73	FSTAX	Fidelity Advisor Str	Pair Corr
0.73	FSRIX	Fidelity Advisor Str	Pair Corr
0.91	PFN	Pimco Income Strategy	Pair Corr
0.79	XPPRX	Voya Prime Rate	Pair Corr
0.87	PCF	Putnam High Income	Pair Corr
0.73	KO	Coca Cola	Pair Corr
0.8	VZ	Verizon Communications	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.63	IBM	International Business	Pair Corr

Moving against Eaton Mutual Fund

0.58	AA	Alcoa Corp	Pair Corr
0.47	CAT	Caterpillar	Pair Corr
0.46	HPQ	HP Inc	Pair Corr
0.39	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	GCEBX	IIGCX	UIPMX	OGMCX	XGGNX	UNWPX	AGYCX
GCEBX		0.37	0.38	0.34	0.27	0.41	0.37	GCEBX
IIGCX	0.37		1.0	0.99	0.96	0.97	1.0	IIGCX
UIPMX	0.38	1.0		0.98	0.96	0.96	1.0	UIPMX
OGMCX	0.34	0.99	0.98		0.97	0.97	0.99	OGMCX
XGGNX	0.27	0.96	0.96	0.97		0.96	0.96	XGGNX
UNWPX	0.41	0.97	0.96	0.97	0.96		0.97	UNWPX
AGYCX	0.37	1.0	1.0	0.99	0.96	0.97		AGYCX
	GCEBX	IIGCX	UIPMX	OGMCX	XGGNX	UNWPX	AGYCX

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Risk-Adjusted Indicators

There is a big difference between Eaton Mutual Fund performing well and Eaton Vance 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 Eaton Vance'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
GCEBX	0.74	0.03	0.06	0.05	1.11	(0.74)	1.49	(2.40)	4.21
IIGCX	1.26	0.35	0.23	0.66	1.30	(1.37)	3.26	(2.87)	7.27
UIPMX	1.20	0.33	0.22	0.70	1.34	(1.28)	2.90	(2.77)	7.10
OGMCX	1.27	0.27	0.17	0.37	1.46	(1.38)	2.70	(3.16)	7.69
XGGNX	0.62	0.12	0.17	0.30	0.71	(0.71)	1.44	(1.20)	3.21
UNWPX	1.27	0.32	0.19	0.60	1.37	(1.60)	3.11	(2.50)	8.41
AGYCX	1.25	0.36	0.23	0.65	1.39	(1.40)	2.74	(2.65)	7.30

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