Dynamic Allocation Correlations

VDAFX Fund

USD 10.83 0.02 0.18%

The current 90-days correlation between Dynamic Allocation and Us Real Estate is 0.01 (i.e., Significant diversification). The correlation of Dynamic Allocation 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.

Dynamic Allocation Correlation With Market

Very poor diversification

The correlation between Dynamic Allocation Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Allocation Fund 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 Dynamic Allocation Fund. 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 Dynamic Mutual Fund

0.89	VMIDX	Mid Cap Index	Pair Corr
0.87	VMSGX	Mid Cap Strategic	Pair Corr
0.87	VAPPX	Valic Company I	Pair Corr
0.93	VSRDX	Valic Company I	Pair Corr
0.91	VSTIX	Stock Index Fund	Pair Corr
0.81	VSSVX	Small Cap Special	Pair Corr
0.87	VBCVX	Broad Cap Value	Pair Corr
0.95	VCAAX	Asset Allocation	Pair Corr
0.88	VCBCX	Blue Chip Growth	Pair Corr
0.9	VCGAX	Growth Income	Pair Corr
0.9	VCIGX	Valic Company I	Pair Corr
0.89	VCNIX	Nasdaq 100 Index	Pair Corr
0.89	VCSTX	Science Technology	Pair Corr
0.85	VCSLX	Small Cap Index	Pair Corr
0.89	VCULX	Growth Fund Growth	Pair Corr
0.89	VVMCX	Valic Company I	Pair Corr
0.84	VVSGX	Valic Company I	Pair Corr
0.82	VVSCX	Valic Company I	Pair Corr
0.68	VGCLX	Valic Company I	Pair Corr
0.93	VGLSX	Global Strategy	Pair Corr
0.86	VHYLX	Valic Company I	Pair Corr
0.99	VLAGX	Valic Company I	Pair Corr
0.95	VLCGX	Large Capital Growth	Pair Corr
0.98	VLSMX	Valic Company I	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.97	ABALX	American Balanced	Pair Corr
0.97	BALCX	American Balanced	Pair Corr

Moving against Dynamic Mutual Fund

0.44	VCGSX	Government Securities	Pair Corr
0.39	VCIFX	International Government	Pair Corr
0.38	VCBDX	Valic Company I	Pair Corr
0.32	VCTPX	Inflation Protected	Pair Corr

Related Correlations Analysis

	MSURX	PNDIX	GURPX	TIREX	MURSX	GMJPX	DAREX
MSURX		0.71	0.38	0.23	1.0	0.31	0.25	MSURX
PNDIX	0.71		0.16	-0.07	0.73	0.07	0.11	PNDIX
GURPX	0.38	0.16		0.95	0.37	0.97	0.74	GURPX
TIREX	0.23	-0.07	0.95		0.21	0.98	0.65	TIREX
MURSX	1.0	0.73	0.37	0.21		0.3	0.23	MURSX
GMJPX	0.31	0.07	0.97	0.98	0.3		0.63	GMJPX
DAREX	0.25	0.11	0.74	0.65	0.23	0.63		DAREX
	MSURX	PNDIX	GURPX	TIREX	MURSX	GMJPX	DAREX

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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

MURSX	+ 1.0	MSURX
GMJPX	+ 0.98	TIREX
GMJPX	+ 0.97	GURPX
TIREX	+ 0.95	GURPX
DAREX	+ 0.74	GURPX
MURSX	+ 0.73	PNDIX

High negative correlations

TIREX

- 0.07

PNDIX

Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic Allocation 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 Dynamic Allocation'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
MSURX	0.45	0.08	(0.05)	2.30	0.35	(0.77)	1.16	(0.83)	3.64
PNDIX	0.04	0.01	0.00	2.76	0.00	0.00	0.10	0.00	0.10
GURPX	0.60	0.04	(0.07)	0.33	0.63	(0.69)	1.24	(1.10)	3.21
TIREX	0.70	0.04	(0.07)	0.50	0.79	(0.76)	1.25	(1.36)	3.56
MURSX	0.45	0.08	(0.05)	2.10	0.35	(0.74)	1.28	(0.80)	3.61
GMJPX	0.70	0.05	(0.05)	0.33	0.75	(0.80)	1.45	(1.36)	3.84
DAREX	0.69	0.01	(0.05)	0.14	0.85	(0.69)	1.37	(1.56)	3.85

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