Real Return Correlations

Mutual Funds . USA . 
Fund . Real Return Asset
PRAIX Fund  USD 12.02  0.09  0.74%   
The current 90-days correlation between Real Return Asset and Gnma Fund Institutional is 0.05 (i.e., Significant diversification). The correlation of Real Return 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.

Real Return Correlation With Market

Average diversification

The correlation between Real Return Asset and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Return 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 Real Return 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 gross domestic product.

Moving together with Real Mutual Fund

  0.86PWLEX Pimco Rae WorldwidePairCorr
  0.87PWLBX Pimco Rae WorldwidePairCorr
  0.87PWLMX Pimco Rae WorldwidePairCorr
  0.88PWLIX Pimco Rae WorldwidePairCorr
  0.62PFBPX Pimco Foreign BondPairCorr
  0.82PFCJX Pimco Preferred AndPairCorr
  0.74PFATX Pimco FundamentalPairCorr
  0.82PFANX Pimco Capital SecPairCorr
  0.88PFGAX Long Term GovernmentPairCorr
  0.95PFGCX Long Term GovernmentPairCorr
  0.86PFIAX Pimco Floating IncomePairCorr
  0.85PFIIX Pimco Floating IncomePairCorr
  0.87PFIUX Pimco Unconstrained BondPairCorr
  0.82PFINX Pimco Capital SecPairCorr
  0.85PFMIX Municipal BondPairCorr
  0.86PFNCX Pimco Floating IncomePairCorr
  0.62PFONX Pimco International BondPairCorr
  0.62PFORX Pimco Foreign BondPairCorr
  0.82PFNNX Pimco Preferred AndPairCorr
  0.84PFNIX Pimco Low DurationPairCorr
  0.85PFNUX Pimco Dynamic BondPairCorr
  0.85PFRCX Foreign BondPairCorr
  0.81PFRMX Pimco Inflation ResponsePairCorr
  0.81PFPNX Pimco Capital SecPairCorr
  0.72PFTCX Short Term FundPairCorr
  0.83PFTPX Pimco Floating IncomePairCorr
  0.88PFSIX Pimco Emerging MarketsPairCorr
  0.86PFUUX Pimco Foreign BondPairCorr
  0.86PFUAX Foreign BondPairCorr
  0.86PFUIX Foreign BondPairCorr
  0.86PFUNX Pimco International BondPairCorr
  0.86PFUPX Pimco Foreign BondPairCorr
  0.74PGAPX Pimco Global MultiPairCorr
  0.89PGBIX Global Bond FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Return 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 Real Return'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.

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