Icon Bond Competition
| IOBZX Fund | USD 8.49 -0.02 -0.24% |
Pair Correlation for Icon Bond and Goldman Sachs View
Moving together with Icon Mutual Fund
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icon Bond's price to converge to an average value over time is called mean reversion.
Icon Bond Competition Correlation Matrix
Studying peer correlation around Icon Bond Fund gives investors a cleaner read on how much independent price behavior still exists across the competitive set. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.
| 0.96 | 0.82 | 0.22 | 0.96 | 0.33 | 0.0 | VFAIX | ||
| 0.96 | 0.82 | 0.14 | 1.0 | 0.56 | 0.0 | FFSIX | ||
| 0.82 | 0.82 | 0.42 | 0.82 | 0.4 | 0.0 | XFINX | ||
| 0.22 | 0.14 | 0.42 | 0.15 | -0.03 | 0.0 | MSVIX | ||
| 0.96 | 1.0 | 0.82 | 0.15 | 0.55 | 0.0 | FIDSX | ||
| 0.33 | 0.56 | 0.4 | -0.03 | 0.55 | 0.0 | BTO | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GVCXX | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Icon Mutual Fund performing well and Icon Bond 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 Icon Bond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VFAIX | 0.82 | -0.08 | 0.00 | -0.16 | 0.00 | 1.24 | 5.68 | |||
| FFSIX | 0.88 | -0.06 | 0.00 | -0.14 | 0.00 | 1.39 | 6.18 | |||
| XFINX | 0.16 | -0.05 | 0.00 | -0.74 | 0.00 | 0.22 | 1.29 | |||
| MSVIX | 2.10 | -0.97 | 0.00 | -1.31 | 0.00 | 1.36 | 62.89 | |||
| FIDSX | 0.88 | -0.06 | 0.00 | -0.14 | 0.00 | 1.45 | 6.16 | |||
| BTO | 0.95 | 0.02 | 0.00 | -0.07 | 0.00 | 1.76 | 9.02 | |||
| GVCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Icon Bond Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Icon Bond Competition Peer Performance Charts
How to Analyze Icon Bond Against Peers
Icon Bond's peer analysis compares Icon Bond with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Icon Bond trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Icon Bond leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Peer analysis for Icon Bond benchmarks it against the companies that most directly compete for the same customers, capital, and market share. The peer benchmarking view is most useful when filtered by business model similarity rather than just Icon Bond's sector classification. Companies that appear similar on revenue growth may differ substantially on Icon Bond's margin and return profile. No forward-looking guarantees are expressed or implied by this data. Relative comparison helps show where Icon Bond is stronger or weaker against peers.
Unless otherwise specified, data for Icon Bond Fund is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.