Nuveen Real Correlations

JRI Fund

USD 12.73 0.02 0.16%

The current 90-days correlation between Nuveen Real Asset and Brandywineglobal Globalome Opportunities is 0.43 (i.e., Very weak 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 0.45 (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

0.83	PHK	Pimco High Income	Pair Corr
0.61	PEO	Adams Natural Resources	Pair Corr
0.7	NCV	Allianzgi Convertible	Pair Corr
0.64	NCZ	Allianzgi Convertible	Pair Corr
0.77	USGFX	Us Government Securities	Pair Corr
0.71	BHYSX	Blackrock Hi Yld	Pair Corr
0.69	SEBFX	Saturna Sustainable Bond	Pair Corr
0.75	LGI	Lazard Global Total	Pair Corr
0.74	MRSHX	Mfs Research Interna	Pair Corr
0.72	PWLEX	Pimco Rae Worldwide	Pair Corr
0.71	RRPPX	American Funds Retirement	Pair Corr
0.68	TWIEX	International Growth	Pair Corr
0.61	MXECX	Great-west Core	Pair Corr
0.78	DHIYX	Diamond Hill Interna	Pair Corr
0.69	VDVIX	Vanguard Developed	Pair Corr
0.64	DBIWX	Dws Global Macro	Pair Corr
0.78	PRRIX	Real Return Fund	Pair Corr
0.79	CLDIX	Calvert Long Term	Pair Corr
0.68	SIFZX	Sextant International	Pair Corr
0.68	TIILX	Tiaa Cref Inflation	Pair Corr
0.69	DFCEX	Emerging Markets E	Pair Corr

Moving against Nuveen Fund

0.55	TWN	Taiwan Closed	Pair Corr
0.37	CCD	Calamos Dynamic Conv	Pair Corr
0.92	SRPSX	Short Real Estate	Pair Corr
0.57	NOM	Nuveen Missouri Quality	Pair Corr

Related Correlations Analysis

	BWG	EHI	NSL	PHD	JCE	JLS	GHY	IHD	GUG	JSD
BWG		0.7	0.0	0.67	0.4	0.73	0.65	0.75	0.86	0.0	BWG
EHI	0.7		0.0	0.31	0.77	0.87	0.83	0.71	0.8	0.0	EHI
NSL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NSL
PHD	0.67	0.31	0.0		0.35	0.53	0.38	0.58	0.44	0.0	PHD
JCE	0.4	0.77	0.0	0.35		0.76	0.74	0.64	0.48	0.0	JCE
JLS	0.73	0.87	0.0	0.53	0.76		0.88	0.78	0.74	0.0	JLS
GHY	0.65	0.83	0.0	0.38	0.74	0.88		0.79	0.71	0.0	GHY
IHD	0.75	0.71	0.0	0.58	0.64	0.78	0.79		0.63	0.0	IHD
GUG	0.86	0.8	0.0	0.44	0.48	0.74	0.71	0.63		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

GHY	+ 0.88	JLS
JLS	+ 0.87	EHI
GUG	+ 0.86	BWG
GHY	+ 0.83	EHI
GUG	+ 0.8	EHI
IHD	+ 0.79	GHY

High negative correlations

JSD	- 0.0	GUG
JSD	- 0.0	IHD
JSD	- 0.0	GHY
JSD	- 0.0	JLS
JSD	- 0.0	JCE
JSD	- 0.0	PHD

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	0.52	0.07	0.08	0.30	0.69	(0.56)	1.01	(0.99)	3.38
EHI	0.50	0.07	0.11	0.19	0.50	(0.57)	1.09	(1.06)	3.66
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PHD	0.29	0.00	0.01	0.35	0.41	(0.29)	0.63	(0.63)	1.78
JCE	0.62	0.05	0.05	0.23	0.88	(0.61)	1.16	(1.45)	3.85
JLS	0.41	0.10	0.15	0.58	0.54	(0.44)	0.86	(0.65)	2.98
GHY	0.70	0.14	0.16	0.47	0.67	(0.82)	1.70	(1.42)	3.77
IHD	0.73	0.13	0.15	0.70	0.79	(0.85)	1.57	(1.56)	4.09
GUG	0.54	0.02	0.04	0.22	0.61	(0.60)	1.12	(0.99)	3.14
JSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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