Virtus Global Correlations

XVGIX Fund

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The current 90-days correlation between Virtus Global Multi and Franklin Mutual Global is 0.11 (i.e., Average diversification). The correlation of Virtus Global 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 Global Correlation With Market

Significant diversification

The correlation between Virtus Global Multi Sector and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Global Multi Sector and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Virtus Global Multi Sector. 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 gross domestic product.

Moving together with Virtus Mutual Fund

0.95	VGTSX	Vanguard Total Inter	Pair Corr
0.94	VTIAX	Vanguard Total Inter	Pair Corr
0.69	PFHCX	Pacific Funds Small	Pair Corr
0.89	NHS	Neuberger Berman High	Pair Corr

Moving against Virtus Mutual Fund

0.67	MISXX	Morgan Stanley Insti	Pair Corr
0.66	LGLSX	L Abbett Growth	Pair Corr
0.65	MXFEX	Mainstay Floating Rate	Pair Corr
0.64	IFRIX	Voya Floating Rate	Pair Corr
0.59	JUCIX	Janus Global Unconst	Pair Corr
0.48	NLSCX	Neuberger Berman Long	Pair Corr
0.47	VFIAX	Vanguard 500 Index	Pair Corr
0.47	VFINX	Vanguard 500 Index	Pair Corr
0.46	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.46	OOSIX	Oppenheimer Senior	Pair Corr
0.44	VTSAX	Vanguard Total Stock	Pair Corr
0.44	VITSX	Vanguard Total Stock	Pair Corr
0.43	VFFSX	Vanguard 500 Index	Pair Corr
0.43	BTO	John Hancock Financial	Pair Corr
0.41	VTSMX	Vanguard Total Stock	Pair Corr
0.41	VSTSX	Vanguard Total Stock	Pair Corr
0.41	VSMPX	Vanguard Total Stock	Pair Corr
0.37	HSSAX	Emerald Banking And	Pair Corr
0.67	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.65	FFRHX	Fidelity Advisor Floating	Pair Corr
0.64	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.63	RUSIX	Rbc Ultra Short	Pair Corr
0.62	VIGAX	Vanguard Growth Index	Pair Corr
0.51	PIAMX	Pia High Yield	Pair Corr
0.51	HSUTX	Rational Defensive Growth	Pair Corr
0.47	FXAIX	Fidelity 500 Index	Pair Corr
0.46	TORTX	Tortoise Mlp Pipeline	Pair Corr
0.46	UUSTX	Ultra Short Term	Pair Corr
0.46	TORIX	Tortoise Mlp Pipeline	Pair Corr
0.45	BFIUX	Baron Fintech	Pair Corr
0.45	AOFIX	Alger Small Cap	Pair Corr
0.45	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.45	VLCAX	Vanguard Large Cap	Pair Corr
0.41	CGRIX	Calamos Growth	Pair Corr

Related Correlations Analysis

	TEDIX	WRLDX	SGMAX	AEEIX	BXFIX	GARSX	AWF
TEDIX		0.86	0.94	0.85	-0.38	0.81	0.61	TEDIX
WRLDX	0.86		0.86	0.84	-0.22	0.77	0.64	WRLDX
SGMAX	0.94	0.86		0.77	-0.21	0.72	0.52	SGMAX
AEEIX	0.85	0.84	0.77		-0.63	0.99	0.7	AEEIX
BXFIX	-0.38	-0.22	-0.21	-0.63		-0.68	-0.26	BXFIX
GARSX	0.81	0.77	0.72	0.99	-0.68		0.7	GARSX
AWF	0.61	0.64	0.52	0.7	-0.26	0.7		AWF
	TEDIX	WRLDX	SGMAX	AEEIX	BXFIX	GARSX	AWF

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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

GARSX	+ 0.99	AEEIX
SGMAX	+ 0.94	TEDIX
WRLDX	+ 0.86	TEDIX
SGMAX	+ 0.86	WRLDX
AEEIX	+ 0.85	TEDIX
AEEIX	+ 0.84	WRLDX

High negative correlations

GARSX	- 0.68	BXFIX
BXFIX	- 0.63	AEEIX
BXFIX	- 0.38	TEDIX
AWF	- 0.26	BXFIX
BXFIX	- 0.22	WRLDX
BXFIX	- 0.21	SGMAX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Global 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 Global'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEDIX	0.60	(0.21)	0.00	(7.12)	0.00	0.76	(1.05)	10.33
WRLDX	0.51	(0.10)	0.00	(0.33)	0.00	0.86	(1.04)	5.22
SGMAX	0.54	(0.21)	0.00	1.99	0.00	0.63	(0.64)	10.45
AEEIX	0.66	(0.16)	0.00	(0.73)	0.00	1.20	(1.54)	4.65
BXFIX	0.07	0.01	(0.04)	2.30	(0.19)	0.12	(0.12)	0.81
GARSX	0.65	(0.15)	0.00	(0.65)	0.00	1.26	(1.77)	5.21
AWF	0.36	(0.05)	0.00	(0.26)	0.00	0.65	(0.82)	1.86

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