Nuveen Real Correlations

JRI Fund

USD 12.99 0.06 0.46%

The current 90-days correlation between Nuveen Real Asset and Brandywineglobal Globalome Opportunities is 0.17 (i.e., Average diversification). The correlation of Nuveen Real 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.

Nuveen Real Correlation With Market

Very weak diversification

The correlation between Nuveen Real Asset and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nuveen Real Asset 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 Nuveen Real Asset. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Nuveen Fund

0.8	NEA	Nuveen Amt Free	Pair Corr
0.84	NVG	Nuveen Amt Free	Pair Corr
0.75	NAD	Nuveen Dividend Advantage	Pair Corr
0.77	NZF	Nuveen Municipal Credit	Pair Corr
0.84	NAC	Nuveen California	Pair Corr
0.87	DNP	Dnp Select Income	Pair Corr
0.89	UTF	Cohen And Steers	Pair Corr
0.89	XSWZX	Swiss Helvetia	Pair Corr
0.9	PUGCX	Putnam Global Equity	Pair Corr
0.93	TEDPX	Tiaa Cref Emerging	Pair Corr
0.85	CITEX	American High Income	Pair Corr
0.84	SNGYX	Sit Government Securities	Pair Corr
0.9	IFACX	Income Fund	Pair Corr
0.9	MINFX	Mfs International Value	Pair Corr
0.87	TIDDX	T Rowe Price	Pair Corr
0.87	NECRX	Loomis Sayles E	Pair Corr
0.84	BACPX	Blackrock Conservative	Pair Corr
0.86	PCCFX	Prudential Income Builder	Pair Corr
0.91	CBURX	Columbia Income Builder	Pair Corr
0.92	JSEAX	Jpmorgan International	Pair Corr
0.85	WATCX	Western Asset Interm	Pair Corr
0.86	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.87	GIGGX	Deutsche Gnma	Pair Corr
0.72	FXIDX	Fixed Income Shares	Pair Corr
0.83	JTOIX	Multimanager Lifestyle	Pair Corr
0.91	UTDIX	My529 International Value	Pair Corr
0.85	MCTAX	Massmutual Retiresmart	Pair Corr
0.86	RBBCX	Columbia Income Builder	Pair Corr
0.86	NWJJX	Nationwide Highmark Bond	Pair Corr
0.91	PDINX	Putnam Diversified Income	Pair Corr
0.85	RIRFX	Capital Income Builder	Pair Corr
0.86	IIBAX	Voya Intermediate Bond	Pair Corr
0.84	FLRRX	Franklin Low Duration	Pair Corr
0.77	HEMZX	Virtus Emerging Markets	Pair Corr
0.92	DURIX	Deutsche European Equity	Pair Corr

Moving against Nuveen Fund

0.35

ABQYX

Ab Intermediate Bond

Pair Corr

Related Correlations Analysis

	BWG	EHI	NSL	PHD	JCE	JLS	GHY	IHD	GUG	JSD
BWG		0.73	0.0	0.1	-0.33	0.92	0.82	0.89	0.81	0.0	BWG
EHI	0.73		0.0	0.13	0.04	0.82	0.83	0.69	0.82	0.0	EHI
NSL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NSL
PHD	0.1	0.13	0.0		0.69	0.14	0.2	0.06	0.3	0.0	PHD
JCE	-0.33	0.04	0.0	0.69		-0.25	-0.05	-0.37	0.09	0.0	JCE
JLS	0.92	0.82	0.0	0.14	-0.25		0.85	0.85	0.84	0.0	JLS
GHY	0.82	0.83	0.0	0.2	-0.05	0.85		0.78	0.84	0.0	GHY
IHD	0.89	0.69	0.0	0.06	-0.37	0.85	0.78		0.66	0.0	IHD
GUG	0.81	0.82	0.0	0.3	0.09	0.84	0.84	0.66		0.0	GUG
JSD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JSD
	BWG	EHI	NSL	PHD	JCE	JLS	GHY	IHD	GUG	JSD

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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

JLS	+ 0.92	BWG
IHD	+ 0.89	BWG
GHY	+ 0.85	JLS
IHD	+ 0.85	JLS
GUG	+ 0.84	JLS
GUG	+ 0.84	GHY

High negative correlations

IHD	- 0.37	JCE
JCE	- 0.33	BWG
JLS	- 0.25	JCE
GHY	- 0.05	JCE
JSD	- 0.0	GUG
JSD	- 0.0	IHD

Risk-Adjusted Indicators

There is a big difference between Nuveen Fund performing well and Nuveen Real 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 Nuveen Real'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
BWG	0.54	0.04	0.14	(3.41)	0.66	(0.61)	1.01	(0.99)	3.38
EHI	0.45	0.07	0.22	0.18	0.42	(0.56)	0.91	(0.74)	3.66
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PHD	0.28	(0.04)	0.00	(0.35)	0.00	0.00	0.53	(0.63)	1.69
JCE	0.74	(0.06)	0.00	(0.21)	0.00	0.00	1.19	(1.61)	5.05
JLS	0.44	0.02	0.15	(6.31)	0.60	(0.47)	0.93	(0.80)	2.90
GHY	0.65	0.08	0.19	0.49	0.63	(0.77)	1.57	(1.19)	3.69
IHD	0.77	0.11	0.17	0.24	0.81	(0.92)	1.59	(1.60)	4.88
GUG	0.63	(0.02)	0.00	0.21	0.00	0.00	1.30	(1.30)	5.01
JSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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