Russell 2000 Correlations

RYAKX Fund

USD 49.80 0.43 0.86%

The current 90-days correlation between Russell 2000 15x and Delaware Limited Term Diversified is -0.2 (i.e., Good diversification). The correlation of Russell 2000 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 2000 Correlation With Market

Good diversification

The correlation between Russell 2000 15x and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Russell 2000 15x 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 2000 15x. 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 industry.

Moving together with Russell Mutual Fund

0.94	RYVYX	Nasdaq 100 2x	Pair Corr
0.94	RYVLX	Nasdaq 100 2x	Pair Corr
0.95	RYCCX	Nasdaq 100 2x	Pair Corr
0.94	UOPIX	Ultra Nasdaq 100	Pair Corr
0.95	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.94	RMQHX	Monthly Rebalance	Pair Corr
0.94	RMQAX	Monthly Rebalance	Pair Corr
0.94	RMQCX	Monthly Rebalance	Pair Corr
0.94	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.91	INPSX	Internet Ultrasector	Pair Corr
0.75	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VSMPX	Vanguard Total Stock	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.69	VINIX	Vanguard Institutional	Pair Corr
0.75	VTSAX	Vanguard Total Stock	Pair Corr
0.85	AXP	American Express	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.8	BAC	Bank of America	Pair Corr
0.65	BA	Boeing	Pair Corr
0.71	HD	Home Depot	Pair Corr

Moving against Russell Mutual Fund

0.57	VTISX	Vanguard Total Inter	Pair Corr
0.46	VTSNX	Vanguard Total Inter	Pair Corr
0.46	VTPSX	Vanguard Total Inter	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.59	KO	Coca Cola	Pair Corr
0.58	MCD	McDonalds	Pair Corr
0.57	JNJ	Johnson Johnson	Pair Corr
0.5	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	DLTZX	BDVFX	PHTTX	MDVSX	ACDOX	MDBLX
DLTZX		0.87	0.39	0.3	0.96	0.95	DLTZX
BDVFX	0.87		0.48	0.26	0.95	0.93	BDVFX
PHTTX	0.39	0.48		0.89	0.48	0.47	PHTTX
MDVSX	0.3	0.26	0.89		0.31	0.28	MDVSX
ACDOX	0.96	0.95	0.48	0.31		0.99	ACDOX
MDBLX	0.95	0.93	0.47	0.28	0.99		MDBLX
	DLTZX	BDVFX	PHTTX	MDVSX	ACDOX	MDBLX

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Risk-Adjusted Indicators

There is a big difference between Russell Mutual Fund performing well and Russell 2000 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 2000'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
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
BDVFX	0.26	(0.01)	0.00	(0.15)	0.00	0.00	0.54	(0.54)	1.41
PHTTX	0.35	0.00	0.00	(0.07)	0.00	0.00	0.67	(0.67)	1.95
MDVSX	0.65	0.04	0.00	(0.02)	0.00	0.00	1.34	(1.43)	3.79
ACDOX	0.24	0.02	0.27	0.35	0.21	(0.30)	0.55	(0.43)	1.46
MDBLX	0.23	0.02	0.31	0.31	0.15	(0.30)	0.50	(0.38)	1.38

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