Core Plus Correlations

WCPBX Fund

USD 9.67 0.01 0.21%

The correlation of Core Plus 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.

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Moving together with Core Mutual Fund

0.62	SAFEX	Weitz Ultra Short	Pair Corr
0.85	WCPNX	Core Plus Income	Pair Corr
0.72	WEFIX	Short Duration Income	Pair Corr
0.73	WNTFX	Nebraska Tax Free	Pair Corr
0.91	MWTNX	Metropolitan West Total	Pair Corr
0.91	MWTSX	Metropolitan West Total	Pair Corr
0.92	PTTPX	Pimco Total Return	Pair Corr
0.92	PTRRX	Total Return	Pair Corr
0.92	PTRAX	Total Return	Pair Corr
0.92	PTTRX	Total Return	Pair Corr
0.92	FIWGX	Strategic Advisers	Pair Corr
0.91	DODIX	Dodge Income	Pair Corr
0.91	MWTIX	Metropolitan West Total	Pair Corr
0.91	MWTRX	Metropolitan West Total	Pair Corr
0.87	BXECX	Barings Emerging Markets	Pair Corr
0.87	BXEIX	Barings Emerging Markets	Pair Corr
0.87	BXEAX	Barings Emerging Markets	Pair Corr
0.9	HLDIX	Hartford Emerging	Pair Corr
0.85	HLDRX	Hartford Emerging	Pair Corr
0.9	HLDAX	Hartford Emerging	Pair Corr
0.85	HLDCX	Hartford Emerging	Pair Corr
0.85	HLDTX	Hartford Emerging	Pair Corr
0.91	ACCSX	Access Capital Munity	Pair Corr
0.71	TEMHX	Tiaa Cref Emerging	Pair Corr
0.81	VWIAX	Vanguard Wellesley Income	Pair Corr
0.81	FXIDX	Fixed Income Shares	Pair Corr
0.78	REMVX	Rbc Emerging Markets	Pair Corr
0.78	MFIRX	Ms Global Fixed	Pair Corr
0.75	IFACX	Income Fund	Pair Corr
0.91	BRAMX	Bats Series M	Pair Corr

Related Correlations Analysis

	PACEX	CWFIX	QDIBX	TTRBX	RSDIX	GMDFX	UIITX
PACEX		0.91	0.97	0.98	0.96	0.75	0.98	PACEX
CWFIX	0.91		0.9	0.93	0.9	0.75	0.9	CWFIX
QDIBX	0.97	0.9		0.98	0.95	0.65	0.99	QDIBX
TTRBX	0.98	0.93	0.98		0.97	0.7	0.99	TTRBX
RSDIX	0.96	0.9	0.95	0.97		0.65	0.96	RSDIX
GMDFX	0.75	0.75	0.65	0.7	0.65		0.69	GMDFX
UIITX	0.98	0.9	0.99	0.99	0.96	0.69		UIITX
	PACEX	CWFIX	QDIBX	TTRBX	RSDIX	GMDFX	UIITX

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Risk-Adjusted Indicators

There is a big difference between Core Mutual Fund performing well and Core Plus 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 Core Plus' 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
PACEX	0.12	0.03	0.63	0.65	0.00	(0.21)	0.33	(0.22)	0.76
CWFIX	0.08	0.02	0.78	0.36	0.00	(0.12)	0.11	(0.11)	0.53
QDIBX	0.24	0.05	0.39	0.75	0.06	(0.31)	0.47	(0.35)	1.52
TTRBX	0.15	0.03	0.54	0.88	0.00	(0.20)	0.40	(0.20)	0.82
RSDIX	0.09	0.02	0.75	1.75	0.00	(0.16)	0.21	(0.10)	0.62
GMDFX	0.23	0.04	0.32	(4.32)	0.18	(0.27)	0.60	(0.40)	1.50
UIITX	0.22	0.04	0.40	0.73	0.03	(0.29)	0.55	(0.33)	1.45

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Core Plus Correlations

Moving together with Core Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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