International Portfolio Correlations

GTCIX Fund

USD 17.13 0.09 0.52%

The current 90-days correlation between International Portfolio and Small Cap Equity is 0.48 (i.e., Very weak diversification). The correlation of International Portfolio 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 Portfolio Correlation With Market

Very weak diversification

The correlation between International Portfolio Intern and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Portfolio Intern and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Portfolio International. 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 International Mutual Fund

0.99	DOXFX	Dodge Cox International	Pair Corr
0.98	OANIX	Oakmark International	Pair Corr
0.99	DODFX	Dodge International Stock	Pair Corr
0.83	OAKIX	Oakmark International	Pair Corr
0.98	OAYIX	Oakmark International	Pair Corr
0.98	OAZIX	Oakmark International	Pair Corr
0.99	FINVX	Fidelity Series Inte	Pair Corr
0.97	VTRIX	Vanguard International	Pair Corr
0.99	RRIGX	T Rowe Price	Pair Corr
0.89	LIIAX	Columbia Porate Income	Pair Corr
0.75	SRINX	Columbia Porate Income	Pair Corr
0.75	MFSIX	Mfs Series Trust	Pair Corr
0.81	ALVGX	Large Pany Value	Pair Corr
0.99	RIGEX	International Growth And	Pair Corr
0.77	VMLTX	Vanguard Limited Term	Pair Corr
0.97	BBTIX	Bridge Builder Tax	Pair Corr

Moving against International Mutual Fund

0.75	GTCSX	Small Cap Equity	Pair Corr
0.75	GTSCX	Small Cap Equity	Pair Corr
0.58	GQSCX	Quantitative U S	Pair Corr
0.54	RESGX	Responsible Esg Equity	Pair Corr
0.5	GTILX	Large Cap Growth	Pair Corr
0.5	GTSOX	Secured Options Portfolio	Pair Corr
0.49	GLSOX	Secured Options Portfolio	Pair Corr
0.45	GTCEX	Strategic Equity Por	Pair Corr
0.44	GTLOX	Large Cap E	Pair Corr
0.43	GTLIX	Large Cap Core	Pair Corr
0.35	GTLLX	Large Cap Growth	Pair Corr
0.58	WHIAX	Ivy High Income	Pair Corr
0.51	IVHIX	Ivy High Income	Pair Corr
0.5	IHIFX	Ivy High Income	Pair Corr
0.5	MAPBX	Mainstay Map Equity	Pair Corr
0.31	WRHIX	Ivy High Income	Pair Corr

Related Correlations Analysis

	GTCSX	GTCEX	GTLOX	GTCGX	GTAPX
GTCSX		0.89	0.91	0.0	0.71	GTCSX
GTCEX	0.89		0.97	0.0	0.79	GTCEX
GTLOX	0.91	0.97		0.0	0.88	GTLOX
GTCGX	0.0	0.0	0.0		0.0	GTCGX
GTAPX	0.71	0.79	0.88	0.0		GTAPX
	GTCSX	GTCEX	GTLOX	GTCGX	GTAPX

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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

GTLOX	+ 0.97	GTCEX
GTLOX	+ 0.91	GTCSX
GTCEX	+ 0.89	GTCSX
GTAPX	+ 0.88	GTLOX
GTAPX	+ 0.79	GTCEX
GTAPX	+ 0.71	GTCSX

High negative correlations

GTAPX	- 0.0	GTCGX
GTCGX	- 0.0	GTLOX
GTCGX	- 0.0	GTCEX
GTCGX	- 0.0	GTCSX

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Portfolio 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 Portfolio'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
GTCSX	0.86	(0.11)	0.00	(0.16)	0.00	0.00	1.84	(2.32)	4.34
GTCEX	0.70	(0.04)	0.00	(0.09)	0.00	0.00	1.27	(1.73)	3.58
GTLOX	0.72	(0.02)	0.00	(0.08)	0.00	0.00	1.24	(1.74)	3.39
GTCGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTAPX	0.34	0.02	0.13	0.01	0.40	(0.38)	0.73	(0.66)	1.98

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