Gateway Fund Correlations

GTEYX Fund

USD 45.43 0.07 0.15%

The current 90-days correlation between Gateway Fund Class and Virtus Emerging Markets is 0.02 (i.e., Significant diversification). The correlation of Gateway Fund 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.

Gateway Fund Correlation With Market

Good diversification

The correlation between Gateway Fund Class and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gateway Fund Class 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 Gateway Fund Class. 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 manufacturing.

Moving together with Gateway Mutual Fund

0.66	AMFAX	Asg Managed Futures	Pair Corr
0.77	AMFNX	Asg Managed Futures	Pair Corr
0.83	NOANX	Natixis Oakmark	Pair Corr
1.0	GCPAX	Gateway Equity Call	Pair Corr
1.0	GCPCX	Gateway Equity Call	Pair Corr
1.0	GCPNX	Gateway Equity Call	Pair Corr
0.97	GCPYX	Gateway Equity Call	Pair Corr
0.92	LGMAX	Loomis Sayles Global	Pair Corr
0.93	LGMCX	Loomis Sayles Global	Pair Corr
0.91	LGMNX	Loomis Sayles Global	Pair Corr
0.98	LGRCX	Loomis Sayles Growth	Pair Corr
0.98	LGRNX	Loomis Sayles Growth	Pair Corr
0.98	LGRRX	Loomis Sayles Growth	Pair Corr
0.93	VNSYX	Vaughan Nelson Select	Pair Corr
0.93	VNSCX	Vaughan Nelson Select	Pair Corr
0.93	VNSAX	Vaughan Nelson Select	Pair Corr
0.93	VNSNX	Vaughan Nelson Select	Pair Corr
0.89	VNVCX	Vaughan Nelson Value	Pair Corr
0.89	VNVAX	Vaughan Nelson Value	Pair Corr
0.89	VNVNX	Vaughan Nelson Value	Pair Corr
0.89	VNVYX	Vaughan Nelson Value	Pair Corr
0.85	NSFLX	Natixis Sustainable	Pair Corr
0.85	NSFKX	Natixis Sustainable	Pair Corr
0.84	NSFJX	Natixis Sustainable	Pair Corr

Moving against Gateway Mutual Fund

0.62	LGANX	Loomis Sayles Limited	Pair Corr
0.43	LGBNX	Loomis Sayles Investment	Pair Corr
0.41	NOIAX	Natixis Oakmark Inte	Pair Corr
0.41	NOICX	Natixis Oakmark Inte	Pair Corr
0.41	NOIYX	Natixis Oakmark Intl	Pair Corr
0.41	LGBCX	Loomis Sayles Investment	Pair Corr
0.42	LIGAX	Loomis Sayles Investment	Pair Corr
0.41	LIGRX	Loomis Sayles Investment	Pair Corr

Related Correlations Analysis

	VIESX	RYACX	FEMDX	ANGCX	SAEMX	EGLNX
VIESX		0.24	0.75	0.67	0.94	0.1	VIESX
RYACX	0.24		0.31	0.74	0.41	-0.06	RYACX
FEMDX	0.75	0.31		0.8	0.66	0.49	FEMDX
ANGCX	0.67	0.74	0.8		0.72	0.16	ANGCX
SAEMX	0.94	0.41	0.66	0.72		0.04	SAEMX
EGLNX	0.1	-0.06	0.49	0.16	0.04		EGLNX
	VIESX	RYACX	FEMDX	ANGCX	SAEMX	EGLNX

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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

SAEMX	+ 0.94	VIESX
ANGCX	+ 0.8	FEMDX
FEMDX	+ 0.75	VIESX
ANGCX	+ 0.74	RYACX
SAEMX	+ 0.72	ANGCX
ANGCX	+ 0.67	VIESX

High negative correlations

EGLNX

- 0.06

RYACX

Risk-Adjusted Indicators

There is a big difference between Gateway Mutual Fund performing well and Gateway Fund 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 Gateway Fund'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
VIESX	0.54	0.02	0.08	0.00	0.71	(0.61)	1.31	(1.56)	3.67
RYACX	1.08	0.09	0.18	(0.16)	1.06	(1.24)	2.78	(1.58)	6.30
FEMDX	0.15	0.02	0.42	0.29	0.00	(0.20)	0.42	(0.26)	1.11
ANGCX	0.13	0.01	0.40	0.79	0.00	(0.23)	0.36	(0.24)	0.83
SAEMX	0.58	0.03	0.10	0.16	0.77	(0.61)	1.17	(1.44)	3.59
EGLNX	1.07	0.13	0.10	0.13	1.36	(1.08)	1.97	(2.00)	6.25

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