Virtus Bond Correlations

SAVAX Fund

USD 10.09 0.05 0.50%

The current 90-days correlation between Virtus Bond Fund and Rreef Property Trust is -0.04 (i.e., Good diversification). The correlation of Virtus Bond 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.

Virtus Bond Correlation With Market

Average diversification

The correlation between Virtus Bond Fund and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Bond Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virtus Bond Fund. 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 Virtus Mutual Fund

0.81	VMSAX	Virtus Multi Strategy	Pair Corr
0.62	HYIZX	Ridgeworth Seix High	Pair Corr
0.98	SAMFX	Ridgeworth Seix Total	Pair Corr
0.78	SAMZX	Ridgeworth Seix Total	Pair Corr
0.91	PXCZX	Virtus Tax Exempt	Pair Corr
0.78	PXIIX	Virtus Rampart Enhanced	Pair Corr
0.77	SAVCX	Virtus Bond Fund	Pair Corr
0.75	SAVYX	Virtus Bond Fund	Pair Corr
0.63	SSTFX	Virtus Kar Capital	Pair Corr
0.72	PGICX	Virtus Rampart Enhanced	Pair Corr
0.77	PGIUX	Virtus Global Infras	Pair Corr
0.76	HIEMX	Virtus Emerging Markets	Pair Corr
0.77	PGUAX	Virtus Global Infras	Pair Corr
0.76	PGUCX	Virtus Global Infras	Pair Corr
0.74	STGIX	Ridgeworth Seix E	Pair Corr
0.78	STGZX	Ridgeworth Seix E	Pair Corr
0.98	STIGX	Ridgeworth Seix E	Pair Corr
0.67	STITX	Ridgeworth International	Pair Corr
0.79	STTBX	Ridgeworth Seix Inve	Pair Corr

Related Correlations Analysis

	ZRPTUX	SRPIX	CREFX	FIKMX	MRESX	NRSAX	NBRFX
ZRPTUX		-0.85	0.85	0.67	0.84	-0.12	0.83	ZRPTUX
SRPIX	-0.85		-1.0	-0.83	-0.99	-0.09	-1.0	SRPIX
CREFX	0.85	-1.0		0.8	1.0	0.1	1.0	CREFX
FIKMX	0.67	-0.83	0.8		0.78	0.2	0.8	FIKMX
MRESX	0.84	-0.99	1.0	0.78		0.12	1.0	MRESX
NRSAX	-0.12	-0.09	0.1	0.2	0.12		0.12	NRSAX
NBRFX	0.83	-1.0	1.0	0.8	1.0	0.12		NBRFX
	ZRPTUX	SRPIX	CREFX	FIKMX	MRESX	NRSAX	NBRFX

Click cells to compare fundamentals

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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

MRESX	+ 1.0	CREFX
NBRFX	+ 1.0	CREFX
NBRFX	+ 1.0	MRESX
CREFX	+ 0.85	ZRPTUX
MRESX	+ 0.84	ZRPTUX
NBRFX	+ 0.83	ZRPTUX

High negative correlations

NBRFX	- 1.0	SRPIX
CREFX	- 1.0	SRPIX
MRESX	- 0.99	SRPIX
SRPIX	- 0.85	ZRPTUX
FIKMX	- 0.83	SRPIX
NRSAX	- 0.12	ZRPTUX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Bond 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 Virtus Bond'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
ZRPTUX	0.07	(0.01)	0.00	2.21	0.00	0.00	0.15	(0.45)	0.90
SRPIX	0.79	0.01	0.01	(0.02)	0.87	(0.92)	1.73	(1.51)	6.06
CREFX	0.78	(0.03)	0.00	(0.05)	0.00	0.00	1.54	(1.63)	4.83
FIKMX	0.24	0.02	0.04	0.12	0.26	(0.29)	0.59	(0.42)	1.59
MRESX	0.79	(0.02)	0.00	(0.03)	0.00	0.00	1.41	(1.57)	5.24
NRSAX	0.19	0.01	0.03	0.19	0.17	(0.23)	0.38	(0.31)	1.57
NBRFX	0.79	(0.02)	0.00	(0.04)	0.00	0.00	1.44	(1.57)	5.19

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