International Equities Correlations

Mutual Funds . USA . 
Fund . International Equities Index
VCIEX Fund  USD 8.45  0.08  0.94%   
The current 90-days correlation between International Equities and Barings Active Short is -0.11 (i.e., Good diversification). The correlation of International Equities 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.

International Equities Correlation With Market

Very weak diversification

The correlation between International Equities Index and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Equities Index 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 International Equities Index. 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 income.

Moving together with International Mutual Fund

  0.9VCBDX Valic Company IPairCorr
  0.87VCGEX Emerging EconomiesPairCorr
  0.89VCGSX Government SecuritiesPairCorr
  0.92VCFVX Foreign ValuePairCorr
  0.9VCIFX International GovernmentPairCorr
  0.8VCINX International GrowthPairCorr
  0.94VCTPX Inflation ProtectedPairCorr
  1.0VCSOX Global Social AwarenessPairCorr
  0.74VGCLX Valic Company IPairCorr
  0.65VGLSX Global StrategyPairCorr
  0.66VGREX Global Real EstatePairCorr
  0.81VHYLX Valic Company IPairCorr
  0.96VIOPX Valic Company IPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr

Moving against International Mutual Fund

  0.57VSSVX Small Cap SpecialPairCorr
  0.57VCBCX Blue Chip GrowthPairCorr
  0.56VCSLX Small Cap IndexPairCorr
  0.53VMIDX Mid Cap IndexPairCorr
  0.53VAPPX Valic Company IPairCorr
  0.53VCULX Growth Fund GrowthPairCorr
  0.51VCNIX Nasdaq 100 IndexPairCorr
  0.46VVMCX Valic Company IPairCorr
  0.44VSRDX Valic Company IPairCorr
  0.4VCAAX Asset AllocationPairCorr
  0.4VCGAX Growth IncomePairCorr
  0.4VVSGX Valic Company IPairCorr
  0.36VCSTX Science TechnologyPairCorr
  0.33VSTIX Stock Index FundPairCorr
  0.89TCTGX Transamerica CleartrackPairCorr
  0.88TDKTX Cleartrack 2015 ClassPairCorr
  0.88TCTJX Transamerica CleartrackPairCorr
  0.88TCSUX Cleartrack 2020 ClassPairCorr
  0.5VLCGX Large Capital GrowthPairCorr
  0.49VVSCX Valic Company IPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Equities 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 International Equities' 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.

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