Virtus Bond Correlations

SAVYX Fund

USD 10.23 0.02 0.20%

The current 90-days correlation between Virtus Bond Fund and Goldman Sachs Mlp is 0.18 (i.e., Average 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 0.18 (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 manufacturing.

Moving together with Virtus Mutual Fund

0.85	MWTNX	Metropolitan West Total	Pair Corr
0.86	MWTSX	Metropolitan West Total	Pair Corr
0.86	PTTPX	Pimco Total Return	Pair Corr
0.86	PTRRX	Total Return	Pair Corr
0.86	PTRAX	Total Return	Pair Corr
0.85	PTTRX	Total Return	Pair Corr
0.87	FIWGX	Strategic Advisers	Pair Corr
0.88	DODIX	Dodge Income	Pair Corr
0.85	MWTIX	Metropolitan West Total	Pair Corr
0.86	MWTRX	Metropolitan West Total	Pair Corr
0.74	VGTSX	Vanguard Total Inter	Pair Corr
0.74	VTIAX	Vanguard Total Inter	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.66	IBM	International Business	Pair Corr
0.77	PG	Procter Gamble	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr

Moving against Virtus Mutual Fund

0.39	VTSAX	Vanguard Total Stock	Pair Corr
0.39	VTSMX	Vanguard Total Stock	Pair Corr
0.39	VSMPX	Vanguard Total Stock	Pair Corr
0.39	VSTSX	Vanguard Total Stock	Pair Corr
0.39	VITSX	Vanguard Total Stock	Pair Corr
0.37	VFIAX	Vanguard 500 Index	Pair Corr
0.37	VFINX	Vanguard 500 Index	Pair Corr
0.36	VFFSX	Vanguard 500 Index	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.57	MSFT	Microsoft	Pair Corr
0.51	AXP	American Express	Pair Corr
0.47	BAC	Bank of America	Pair Corr
0.38	MRK	Merck Company	Pair Corr
0.38	HD	Home Depot	Pair Corr

Related Correlations Analysis

	GLEAX	XEMOX	ALEFX	XGNTX	INRSX	IEFCX	TREIX	FRNRX
GLEAX		0.96	0.99	0.58	0.84	0.92	0.35	0.93	GLEAX
XEMOX	0.96		0.97	0.74	0.76	0.93	0.54	0.92	XEMOX
ALEFX	0.99	0.97		0.65	0.77	0.92	0.46	0.92	ALEFX
XGNTX	0.58	0.74	0.65		0.39	0.72	0.86	0.66	XGNTX
INRSX	0.84	0.76	0.77	0.39		0.82	-0.01	0.9	INRSX
IEFCX	0.92	0.93	0.92	0.72	0.82		0.46	0.98	IEFCX
TREIX	0.35	0.54	0.46	0.86	-0.01	0.46		0.35	TREIX
FRNRX	0.93	0.92	0.92	0.66	0.9	0.98	0.35		FRNRX
	GLEAX	XEMOX	ALEFX	XGNTX	INRSX	IEFCX	TREIX	FRNRX

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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

ALEFX	+ 0.99	GLEAX
FRNRX	+ 0.98	IEFCX
ALEFX	+ 0.97	XEMOX
XEMOX	+ 0.96	GLEAX
FRNRX	+ 0.93	GLEAX
IEFCX	+ 0.93	XEMOX

High negative correlations

TREIX

- 0.01

INRSX

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
GLEAX	1.05	0.11	0.09	0.11	1.39	(1.07)	1.92	(2.42)	6.59
XEMOX	1.14	0.15	0.10	0.13	1.44	(1.22)	2.29	(2.24)	6.66
ALEFX	0.98	0.14	0.11	0.16	1.29	(1.03)	1.96	(2.27)	6.21
XGNTX	0.56	0.10	0.16	0.22	0.75	(0.60)	1.26	(1.07)	3.07
INRSX	0.94	0.03	0.00	(0.03)	0.00	0.00	1.70	(2.07)	5.43
IEFCX	0.88	0.09	0.09	0.10	1.26	(0.80)	1.54	(2.20)	5.65
TREIX	0.07	0.02	0.53	2.63	0.00	(0.13)	0.20	(0.10)	0.60
FRNRX	0.86	0.07	0.08	0.05	1.20	(0.90)	1.72	(1.97)	4.96

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