Smead International Correlations

SVXYX Fund

USD 60.09 0.26 0.43%

The current 90-days correlation between Smead International Value and Ultraemerging Markets Profund is 0.02 (i.e., Significant diversification). The correlation of Smead International 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 International Correlation With Market

Very weak diversification

The correlation between Smead International Value and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead International Value 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 International Value. 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 Smead Mutual Fund

0.62	DOXFX	Dodge Cox International	Pair Corr
0.63	DODFX	Dodge International Stock	Pair Corr
0.62	FINVX	Fidelity Series Inte	Pair Corr
0.65	VTRIX	Vanguard International	Pair Corr
0.62	RRIGX	T Rowe Price	Pair Corr
0.62	VGTSX	Vanguard Total Inter	Pair Corr
0.62	VTIAX	Vanguard Total Inter	Pair Corr
0.67	PIIMX	International Emerging	Pair Corr

Moving against Smead Mutual Fund

0.41	SVFCX	Smead Value Fund	Pair Corr
0.41	SVFKX	Smead Value Fund	Pair Corr
0.41	SVFDX	Smead Value Fund	Pair Corr
0.4	SVFAX	Smead Value Fund	Pair Corr
0.4	SVFFX	Smead Value Fund	Pair Corr
0.4	SVFYX	Smead Value Fund	Pair Corr
0.4	SMVLX	Smead Value Fund	Pair Corr
0.34	VTSAX	Vanguard Total Stock	Pair Corr
0.34	VTSMX	Vanguard Total Stock	Pair Corr
0.33	VFIAX	Vanguard 500 Index	Pair Corr
0.33	VSMPX	Vanguard Total Stock	Pair Corr
0.33	VSTSX	Vanguard Total Stock	Pair Corr
0.33	VFINX	Vanguard 500 Index	Pair Corr
0.33	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	UUPIX	BELSX	SEDAX	EMDQX	FHKFX	DBELX
UUPIX		0.9	0.88	0.89	0.9	0.9	UUPIX
BELSX	0.9		0.92	0.88	0.84	0.89	BELSX
SEDAX	0.88	0.92		0.95	0.85	0.93	SEDAX
EMDQX	0.89	0.88	0.95		0.87	0.99	EMDQX
FHKFX	0.9	0.84	0.85	0.87		0.9	FHKFX
DBELX	0.9	0.89	0.93	0.99	0.9		DBELX
	UUPIX	BELSX	SEDAX	EMDQX	FHKFX	DBELX

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Risk-Adjusted Indicators

There is a big difference between Smead Mutual Fund performing well and Smead International 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 International'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
UUPIX	2.27	0.24	0.08	(0.77)	2.87	(2.32)	4.92	(4.93)	14.16
BELSX	0.43	0.05	0.09	0.46	0.45	(0.48)	0.92	(0.81)	2.59
SEDAX	0.24	0.03	0.08	0.64	0.16	(0.33)	0.59	(0.36)	1.30
EMDQX	0.30	0.02	0.05	(1.12)	0.24	(0.43)	0.68	(0.46)	1.75
FHKFX	0.83	0.07	0.06	0.15	1.07	(0.87)	1.94	(1.91)	5.94
DBELX	0.33	0.03	0.06	(9.02)	0.28	(0.44)	0.71	(0.58)	1.78

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