Guggenheim Managed Correlations

RYIFX Fund

USD 19.61 0.13 0.67%

The current 90-days correlation between Guggenheim Managed and Eaton Vance Worldwide is -0.05 (i.e., Good diversification). The correlation of Guggenheim Managed 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.

Guggenheim Managed Correlation With Market

Average diversification

The correlation between Guggenheim Managed Futures and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guggenheim Managed Futures 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 Guggenheim Managed Futures. 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 census.

Moving together with Guggenheim Mutual Fund

0.61	PQTAX	Pimco Trends Managed	Pair Corr
0.61	PQTNX	Pimco Trends Managed	Pair Corr
0.67	AHLPX	American Beacon Ahl	Pair Corr
0.64	AMFNX	Asg Managed Futures	Pair Corr
0.76	ABYCX	Abbey Capital Futures	Pair Corr
0.75	ABYAX	Abbey Capital Futures	Pair Corr
0.75	ABYIX	Abbey Capital Futures	Pair Corr
0.63	AMFAX	Asg Managed Futures	Pair Corr
0.64	ASFYX	Asg Managed Futures	Pair Corr

Moving against Guggenheim Mutual Fund

0.64	GURPX	Guggenheim Risk Managed	Pair Corr
0.41	MGGYX	Mirova Global Green	Pair Corr
0.41	MGGAX	Mirova Global Green	Pair Corr
0.36	BXECX	Barings Emerging Markets	Pair Corr
0.32	BXEIX	Barings Emerging Markets	Pair Corr
0.51	VMPYX	Wells Fargo Advantage	Pair Corr
0.48	PZVNX	Pzena International Value	Pair Corr
0.46	HLDRX	Hartford Emerging	Pair Corr
0.46	HLDAX	Hartford Emerging	Pair Corr
0.46	HLDCX	Hartford Emerging	Pair Corr
0.44	HLDIX	Hartford Emerging	Pair Corr
0.43	HLDTX	Hartford Emerging	Pair Corr
0.42	MRSIX	Mfs Research Interna	Pair Corr
0.35	BXEAX	Barings Emerging Markets	Pair Corr
0.33	TIERX	Tiaa Cref International	Pair Corr
0.31	FSGGX	Fidelity Global Ex	Pair Corr
0.54	REIFX	Rems International Real	Pair Corr
0.47	HWDCX	Hartford World	Pair Corr

Related Correlations Analysis

	ETHSX	XHQHX	RYHCX	BGHDX	JAFKX	LOGSX
ETHSX		0.59	0.87	-0.19	0.89	0.86	ETHSX
XHQHX	0.59		0.83	0.13	0.77	0.47	XHQHX
RYHCX	0.87	0.83		0.0	0.92	0.77	RYHCX
BGHDX	-0.19	0.13	0.0		0.01	-0.07	BGHDX
JAFKX	0.89	0.77	0.92	0.01		0.88	JAFKX
LOGSX	0.86	0.47	0.77	-0.07	0.88		LOGSX
	ETHSX	XHQHX	RYHCX	BGHDX	JAFKX	LOGSX

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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

JAFKX	+ 0.92	RYHCX
JAFKX	+ 0.89	ETHSX
LOGSX	+ 0.88	JAFKX
RYHCX	+ 0.87	ETHSX
LOGSX	+ 0.86	ETHSX
RYHCX	+ 0.83	XHQHX

High negative correlations

BGHDX	- 0.19	ETHSX
LOGSX	- 0.07	BGHDX
BGHDX	- 0.0	RYHCX

Risk-Adjusted Indicators

There is a big difference between Guggenheim Mutual Fund performing well and Guggenheim Managed 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 Guggenheim Managed'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
ETHSX	0.65	0.00	0.00	(0.03)	0.00	0.00	1.24	(1.09)	5.86
XHQHX	0.82	0.04	0.04	0.04	1.11	(0.88)	1.64	(1.57)	5.93
RYHCX	0.62	0.02	0.04	0.02	0.80	(0.61)	1.20	(1.15)	3.36
BGHDX	0.42	0.06	0.03	(22.99)	0.84	(1.82)	1.27	(0.85)	8.70
JAFKX	0.72	(0.01)	0.00	(0.04)	0.00	0.00	1.29	(1.46)	3.93
LOGSX	0.63	(0.04)	0.00	(0.08)	0.00	0.00	1.18	(1.12)	3.69

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