Fundvantage Trust Correlations

PBBIX Fund

USD 10.33 0.01 0.1%

The current 90-days correlation between Fundvantage Trust and Qs Large Cap is 0.19 (i.e., Average diversification). The correlation of Fundvantage Trust 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.

Fundvantage Trust Correlation With Market

Good diversification

The correlation between Fundvantage Trust and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundvantage Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Fundvantage Trust . 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 Fundvantage Mutual Fund

0.76	PGIIX	Polen Global Growth	Pair Corr
0.75	PGIRX	Polen Global Growth	Pair Corr
0.7	POLIX	Polen Growth	Pair Corr
0.69	POLRX	Polen Growth	Pair Corr
0.67	DDJRX	Ddj Opportunistic High	Pair Corr
0.85	DDJIX	Ddj Opportunistic High	Pair Corr
0.83	PBMIX	Polen Smid	Pair Corr
0.77	PBSIX	Polen Small Pany	Pair Corr
0.77	PBSRX	Polen Small	Pair Corr
0.77	PBSYX	Polen Small	Pair Corr
0.76	VWEAX	Vanguard High Yield	Pair Corr
0.79	VWEHX	Vanguard High Yield	Pair Corr
0.89	BHYCX	Blackrock Hi Yld	Pair Corr
0.87	BHYIX	Blackrock High Yield	Pair Corr
0.91	BHYSX	Blackrock Hi Yld	Pair Corr
0.91	BHYAX	Blackrock High Yield	Pair Corr
0.88	FAHHX	American Funds American	Pair Corr
0.88	FTAHX	American Funds American	Pair Corr
0.88	AHTFX	American High Income	Pair Corr
0.84	AHTCX	American High Income	Pair Corr
0.78	MLUFX	Massmutual Select Mid	Pair Corr
0.8	AMGOX	Alger Mid Cap	Pair Corr
0.69	KNPAX	Kinetics Paradigm	Pair Corr
0.62	RA	Brookfield Real Assets	Pair Corr
0.65	EOD	Allspring Global Dividend	Pair Corr
0.75	VWNEX	Vanguard Windsor	Pair Corr
0.78	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VEXRX	Vanguard Explorer	Pair Corr
0.83	WCPSX	Mobile Telecommunicatio	Pair Corr
0.78	WAMIX	Wstcm Credit Select	Pair Corr
0.62	FMAGX	Fidelity Magellan	Pair Corr

Moving against Fundvantage Mutual Fund

0.42	PFHCX	Pacific Funds Small	Pair Corr
0.34	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	LMTIX	LMISX	GMLVX	VAAGX	DALVX	PCLVX	AMONX	MTCGX
LMTIX		0.98	-0.13	0.86	0.94	0.94	0.97	0.92	LMTIX
LMISX	0.98		-0.14	0.88	0.92	0.96	0.99	0.95	LMISX
GMLVX	-0.13	-0.14		-0.13	-0.07	-0.09	-0.12	-0.01	GMLVX
VAAGX	0.86	0.88	-0.13		0.92	0.95	0.9	0.8	VAAGX
DALVX	0.94	0.92	-0.07	0.92		0.94	0.93	0.85	DALVX
PCLVX	0.94	0.96	-0.09	0.95	0.94		0.97	0.89	PCLVX
AMONX	0.97	0.99	-0.12	0.9	0.93	0.97		0.96	AMONX
MTCGX	0.92	0.95	-0.01	0.8	0.85	0.89	0.96		MTCGX
	LMTIX	LMISX	GMLVX	VAAGX	DALVX	PCLVX	AMONX	MTCGX

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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

AMONX	+ 0.99	LMISX
LMISX	+ 0.98	LMTIX
AMONX	+ 0.97	LMTIX
AMONX	+ 0.97	PCLVX
PCLVX	+ 0.96	LMISX
MTCGX	+ 0.96	AMONX

High negative correlations

GMLVX	- 0.14	LMISX
VAAGX	- 0.13	GMLVX
GMLVX	- 0.13	LMTIX
AMONX	- 0.12	GMLVX
PCLVX	- 0.09	GMLVX
DALVX	- 0.07	GMLVX

Risk-Adjusted Indicators

There is a big difference between Fundvantage Mutual Fund performing well and Fundvantage Trust 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 Fundvantage Trust'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
LMTIX	0.53	0.19	0.14	1.31	0.33	(0.67)	1.33	(0.99)	4.07
LMISX	0.55	0.13	0.16	0.28	0.33	(0.70)	1.28	(0.99)	4.05
GMLVX	0.67	0.04	(0.05)	0.26	0.75	(0.75)	1.50	(1.56)	4.86
VAAGX	0.49	(0.05)	(0.14)	0.05	0.44	(0.61)	1.06	(0.90)	3.29
DALVX	0.45	0.06	(0.10)	0.67	0.30	(0.54)	1.08	(0.64)	3.25
PCLVX	0.46	0.00	(0.05)	0.12	0.22	(0.59)	1.01	(0.71)	3.99
AMONX	0.63	0.10	0.11	0.22	0.52	(0.71)	1.63	(1.30)	5.09
MTCGX	0.78	0.09	0.06	0.22	0.87	(0.80)	1.66	(1.36)	6.07

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