Diversified Real Correlations

PGDRX Fund

USD 11.35 0.04 0.35%

The current 90-days correlation between Diversified Real Asset and Bbh Intermediate Municipal is 0.34 (i.e., Weak diversification). The correlation of Diversified 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Diversified Real Correlation With Market

Very weak diversification

The correlation between Diversified Real Asset and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diversified Real Asset 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 Diversified Real Asset. 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 metropolitan statistical area.

Moving together with Diversified Mutual Fund

0.63	PGBAX	Global Diversified Income	Pair Corr
0.67	PGDCX	Global Diversified Income	Pair Corr
0.84	PLKTX	Principal Lifetime Hybrid	Pair Corr
0.79	PMDDX	Small Midcap Dividend	Pair Corr
1.0	PRDAX	Diversified Real Asset	Pair Corr
0.8	PREJX	Real Estate Securities Steady Growth	Pair Corr
0.85	RIRAX	Capital Income Builder	Pair Corr
0.85	RIREX	Capital Income Builder	Pair Corr
0.85	RIRCX	Capital Income Builder	Pair Corr
0.84	RIRFX	Capital Income Builder	Pair Corr
0.85	CIRCX	Capital Income Builder	Pair Corr
0.85	CIREX	Capital Income Builder	Pair Corr
0.85	RIRBX	Capital Income Builder	Pair Corr
0.85	CAIFX	Capital Income Builder	Pair Corr
0.85	CIRFX	Capital Income Builder	Pair Corr
0.85	CIRAX	Capital Income Builder	Pair Corr
0.61	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.65	BRCNX	Invesco Balanced Risk	Pair Corr
0.67	FIGFX	Fidelity International	Pair Corr
0.74	DIEFX	Destinations International	Pair Corr
0.7	REIFX	Rems International Real	Pair Corr

Moving against Diversified Mutual Fund

0.68

SHRMX

Stone Ridge High

Pair Corr

Related Correlations Analysis

	BBINX	OWMBX	SNCAX	SMAAX	FCSCX	AUNCX	PMUAX
BBINX		0.99	0.97	0.99	0.37	0.85	0.98	BBINX
OWMBX	0.99		0.96	0.98	0.41	0.88	0.97	OWMBX
SNCAX	0.97	0.96		0.97	0.22	0.79	0.99	SNCAX
SMAAX	0.99	0.98	0.97		0.32	0.85	0.99	SMAAX
FCSCX	0.37	0.41	0.22	0.32		0.6	0.23	FCSCX
AUNCX	0.85	0.88	0.79	0.85	0.6		0.8	AUNCX
PMUAX	0.98	0.97	0.99	0.99	0.23	0.8		PMUAX
	BBINX	OWMBX	SNCAX	SMAAX	FCSCX	AUNCX	PMUAX

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Risk-Adjusted Indicators

There is a big difference between Diversified Mutual Fund performing well and Diversified Real 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 Diversified 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
BBINX	0.14	0.01	0.12	0.29	0.11	(0.18)	0.29	(0.29)	1.17
OWMBX	0.12	0.01	0.11	0.67	0.11	(0.14)	0.26	(0.35)	0.79
SNCAX	0.13	0.00	0.10	0.02	0.14	(0.14)	0.29	(0.29)	0.87
SMAAX	0.13	0.01	0.09	0.21	0.17	(0.15)	0.30	(0.30)	1.09
FCSCX	0.06	0.01	0.26	1.14	0.00	(0.20)	0.13	(0.13)	0.67
AUNCX	0.11	0.01	0.10	0.26	0.12	(0.14)	0.28	(0.28)	0.94
PMUAX	0.14	0.01	0.10	0.10	0.16	(0.16)	0.25	(0.33)	0.91

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