Russell Investment Correlations

RTXAX Fund

USD 12.21 0.11 0.91%

The current 90-days correlation between Russell Investment Tax and Atac Inflation Rotation is 0.36 (i.e., Weak diversification). The correlation of Russell Investment 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.

Russell Investment Correlation With Market

Average diversification

The correlation between Russell Investment Tax Managed and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Russell Investment Tax Managed 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 Russell Investment Tax Managed. 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 nation.

Moving together with Russell Mutual Fund

0.87	RNTTX	International Developed	Pair Corr
0.96	RREAX	Global Real Estate	Pair Corr
0.96	RREYX	Global Real Estate	Pair Corr
0.96	RRESX	Global Real Estate	Pair Corr
0.91	RRSCX	Global Real Estate	Pair Corr
0.96	RRSRX	Global Real Estate	Pair Corr
0.69	RALAX	Growth Strategy	Pair Corr
0.72	RALCX	Growth Strategy	Pair Corr
0.68	RALSX	Growth Strategy	Pair Corr
0.68	RALRX	Growth Strategy	Pair Corr
0.86	RSBRX	Strategic Bond	Pair Corr
0.61	RSBTX	Short Duration Bond	Pair Corr
0.79	RSCRX	Us Small Cap	Pair Corr
0.79	RSECX	Us Strategic Equity	Pair Corr
0.68	RSEAX	Us Strategic Equity	Pair Corr
0.78	RSESX	Us Strategic Equity	Pair Corr
0.92	RAZAX	Multi Asset Growth	Pair Corr
0.83	RAZCX	Multi Asset Growth	Pair Corr
0.93	RSQAX	Us E Equity	Pair Corr
0.78	RBCUX	Tax Exempt Bond	Pair Corr
0.86	RSYTX	Strategic Bond	Pair Corr
0.88	RTDAX	Multifactor Equity	Pair Corr
0.8	RTDCX	Multifactor Equity	Pair Corr
0.8	RTDYX	Select Equity	Pair Corr
0.88	RTDSX	Select Equity	Pair Corr
0.8	RTDRX	Select Equity	Pair Corr
0.88	RTDTX	Select Equity	Pair Corr
0.78	RTEAX	Tax Exempt Bond	Pair Corr
0.65	RTECX	Tax Exempt Bond	Pair Corr

Moving against Russell Mutual Fund

0.69	RALUX	Growth Strategy	Pair Corr
0.6	RBLUX	Balanced Strategy	Pair Corr

Related Correlations Analysis

	ATACX	BPRIX	RYIFX	SLFYX	TIIHX	LIPNX
ATACX		-0.01	0.47	0.04	-0.07	0.0	ATACX
BPRIX	-0.01		0.36	0.76	0.97	0.95	BPRIX
RYIFX	0.47	0.36		0.3	0.27	0.37	RYIFX
SLFYX	0.04	0.76	0.3		0.76	0.81	SLFYX
TIIHX	-0.07	0.97	0.27	0.76		0.91	TIIHX
LIPNX	0.0	0.95	0.37	0.81	0.91		LIPNX
	ATACX	BPRIX	RYIFX	SLFYX	TIIHX	LIPNX

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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

TIIHX	+ 0.97	BPRIX
LIPNX	+ 0.95	BPRIX
LIPNX	+ 0.91	TIIHX
LIPNX	+ 0.81	SLFYX
SLFYX	+ 0.76	BPRIX
TIIHX	+ 0.76	SLFYX

High negative correlations

TIIHX	- 0.07	ATACX
BPRIX	- 0.01	ATACX
LIPNX	- 0.0	ATACX

Risk-Adjusted Indicators

There is a big difference between Russell Mutual Fund performing well and Russell Investment 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 Russell Investment'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ATACX	1.11	0.00	0.03	1.38	(1.12)	2.24	(2.18)	10.18
BPRIX	0.22	(0.07)	(1.91)	0.00	0.00	0.41	(0.60)	1.34
RYIFX	0.52	(0.04)	(0.12)	0.00	0.00	0.92	(1.24)	5.83
SLFYX	0.26	(0.08)	(0.54)	0.00	0.00	0.38	(0.50)	3.92
TIIHX	0.15	(0.05)	(1.77)	0.00	0.00	0.28	(0.47)	0.85
LIPNX	0.22	(0.06)	(2.92)	0.00	0.00	0.32	(0.52)	1.36

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