Smead Funds Correlations

SVXFX Fund

USD 56.84 0.38 0.66%

The current 90-days correlation between Smead Funds Trust and Siit High Yield is 0.25 (i.e., Modest diversification). The correlation of Smead Funds 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.

Smead Funds Correlation With Market

Good diversification

The correlation between Smead Funds Trust and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead Funds Trust 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 Smead Funds Trust. 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 Smead Mutual Fund

1.0	SVXYX	Smead International Value	Pair Corr
1.0	SVXCX	Smead International Value	Pair Corr
1.0	SVXAX	Smead Funds Trust	Pair Corr
1.0	SVXLX	Smead Funds Trust	Pair Corr
0.75	DOXFX	Dodge Cox International	Pair Corr
0.77	OANIX	Oakmark International	Pair Corr
0.82	DODFX	Dodge International Stock	Pair Corr
0.77	OAKIX	Oakmark International	Pair Corr
0.77	OAYIX	Oakmark International	Pair Corr
0.77	OAZIX	Oakmark International	Pair Corr
0.74	FINVX	Fidelity Series Inte	Pair Corr
0.82	RRIGX	T Rowe Price	Pair Corr
0.75	VGTSX	Vanguard Total Inter	Pair Corr
0.75	VTIAX	Vanguard Total Inter	Pair Corr
0.71	KMDNX	Kinetics Multi-disciplina	Pair Corr
0.75	SCEMX	Deutsche Enhanced	Pair Corr
0.86	SCFIX	Shenkman Short Duration	Pair Corr
0.8	SMAVX	Ultra Short Term	Pair Corr
0.74	BXITX	Barings Global Credit	Pair Corr
0.73	BEMAX	Brandes Emerging Markets	Pair Corr
0.71	FBNAX	Fidelity Short Term	Pair Corr
0.84	LZHYX	Lazard Corporate Income	Pair Corr

Related Correlations Analysis

	SGYAX	MFHVX	DIHRX	HIMYX	AGDZX	AQRRX	VRHYX
SGYAX		0.81	0.53	0.29	0.56	0.57	0.99	SGYAX
MFHVX	0.81		0.77	0.43	0.82	0.89	0.83	MFHVX
DIHRX	0.53	0.77		0.75	0.81	0.94	0.59	DIHRX
HIMYX	0.29	0.43	0.75		0.72	0.64	0.36	HIMYX
AGDZX	0.56	0.82	0.81	0.72		0.84	0.63	AGDZX
AQRRX	0.57	0.89	0.94	0.64	0.84		0.63	AQRRX
VRHYX	0.99	0.83	0.59	0.36	0.63	0.63		VRHYX
	SGYAX	MFHVX	DIHRX	HIMYX	AGDZX	AQRRX	VRHYX

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Risk-Adjusted Indicators

There is a big difference between Smead Mutual Fund performing well and Smead Funds 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 Smead Funds' 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
SGYAX	0.15	0.03	0.27	1.40	0.00	(0.28)	0.57	(0.28)	1.28
MFHVX	0.10	0.00	0.09	(0.05)	0.10	(0.15)	0.24	(0.23)	1.06
DIHRX	0.53	0.05	0.08	0.10	0.69	(0.58)	1.16	(0.99)	3.09
HIMYX	0.17	0.00	0.07	0.03	0.20	(0.25)	0.33	(0.33)	1.14
AGDZX	0.12	0.00	0.11	0.03	0.07	(0.21)	0.28	(0.28)	0.86
AQRRX	0.46	0.07	0.13	0.17	0.54	(0.51)	0.93	(0.86)	3.19
VRHYX	0.16	0.02	0.14	1.12	0.00	(0.34)	0.52	(0.26)	1.05

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Smead Funds Correlations

Smead Funds Correlation With Market

Good diversification

Moving together with Smead Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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