Us Government Correlations

Mutual Funds . USA . 
Fund . Us Government Securities
RGVBX Fund  USD 11.86  0.03  0.25%   
The current 90-days correlation between Us Government Securities and Vanguard Gnma Fund is 0.93 (i.e., Almost no diversification). The correlation of Us Government 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.

Us Government Correlation With Market

Good diversification

The correlation between Us Government Securities and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Securities 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 Us Government Securities. 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 bureau of labor statistics.

Moving together with RGVBX Mutual Fund

  0.94FPPPX American Funds PresePairCorr
  0.68TEBCX Tax Exempt BondPairCorr
  0.73TECCX Tax Exempt FundPairCorr
  0.68TECFX Tax Exempt FundPairCorr
  0.65TEFEX Tax Exempt FundPairCorr
  1.0AMUSX Us Government SecuritiesPairCorr
  0.71TEPCX American Funds TaxPairCorr
  0.61TEPAX American Funds TaxPairCorr

Moving against RGVBX Mutual Fund

  0.71RNGGX New Economy FundPairCorr
  0.71RNGFX New Economy FundPairCorr
  0.71RNGHX New Economy FundPairCorr
  0.71RNGEX New Economy FundPairCorr
  0.71RNGCX New Economy FundPairCorr
  0.7RNGBX New Economy FundPairCorr
  0.7RNGAX New Economy FundPairCorr
  0.7RNNEX New Economy FundPairCorr
  0.69AMPFX Amcap Fund ClassPairCorr
  0.68AMPCX Amcap Fund ClassPairCorr
  0.56AMFFX American MutualPairCorr
  0.55AMFCX American MutualPairCorr
  0.55CDJAX American Funds CollegePairCorr
  0.51AMEFX Income FundPairCorr
  0.5AMECX Income FundPairCorr
  0.46RNPHX New PerspectivePairCorr
  0.46RNPGX New PerspectivePairCorr
  0.46RNPFX New PerspectivePairCorr
  0.45RNPCX New PerspectivePairCorr
  0.43RNPBX New PerspectivePairCorr
  0.43RNPAX New PerspectivePairCorr
  0.73ANCFX American Funds FundaPairCorr
  0.71ANEFX New Economy FundPairCorr
  0.71ANFFX New Economy FundPairCorr
  0.7ANFCX New Economy FundPairCorr
  0.57AMRFX American MutualPairCorr
  0.56AMRMX American MutualPairCorr
  0.45RNPEX New PerspectivePairCorr
  0.45NPFFX New PerspectivePairCorr
  0.43NPFCX New PerspectivePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between RGVBX Mutual Fund performing well and Us Government 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 Us Government'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VFIJX  0.23 (0.01) 0.00  0.45  0.00 
 0.00 
 0.43 
(0.54)
 1.20 
VSIGX  0.20 (0.02) 0.00  0.39  0.00 
 0.00 
 0.45 
(0.35)
 1.24 
UGSFX  0.24 (0.02) 0.00  0.40  0.00 
 0.00 
 0.41 
(0.51)
 1.40 
AMUSX  0.23 (0.02) 0.00  0.41  0.00 
 0.00 
 0.41 
(0.42)
 1.48 
FSUGX  0.22 (0.02) 0.00  0.41  0.00 
 0.00 
 0.34 
(0.42)
 1.48 
UGSCX  0.22 (0.02) 0.00  0.50  0.00 
 0.00 
 0.34 
(0.42)
 1.49 
FSUUX  0.23 (0.02) 0.00  0.42  0.00 
 0.00 
 0.34 
(0.51)
 1.48 
VMBSX  0.25 (0.01) 0.00  0.30  0.00 
 0.00 
 0.49 
(0.49)
 1.37 
VFIIX  0.23 (0.02) 0.00  0.50  0.00 
 0.00 
 0.43 
(0.54)
 1.20 
FUTBX  0.22 (0.01) 0.00  0.21  0.00 
 0.00 
 0.46 
(0.46)
 1.48 

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