ICON EQUITY Competition
| IOEZX Fund | USD 18.88 -0.36 -1.87% |
Pair Correlation for ICON EQUITY and American Funds Summary
Moderate diversification
The correlation between ICON EQUITY and American Funds is 0.33, which Macroaxis classifies as Moderate diversification for the selected horizon. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
Moving together with ICON Mutual Fund
Experienced market participants anticipate that ICON EQUITY's price will even out over time. Periods when ICON EQUITY's deviates significantly from its historical mean may warrant further fundamental analysis.
ICON EQUITY Competition Correlation Matrix
Competition correlation for Icon Equity Income matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. 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.
Risk-Adjusted Indicators
There is a big difference between ICON Mutual Fund performing well and ICON EQUITY 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 EQUITY'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GWPFX | 0.71 | 0.01 | 0.00 | -0.08 | 0.00 | 1.20 | 4.43 | |||
| GWPAX | 0.71 | 0.01 | 0.00 | -0.08 | 0.00 | 1.17 | 4.43 | |||
| CGRGX | 0.78 | 0.09 | 0.10 | 0.01 | 1.02 | 1.20 | 7.47 | |||
| FGPGX | 0.78 | 0.09 | 0.10 | 0.01 | 1.02 | 1.20 | 7.48 | |||
| MUTHX | 0.56 | 0.01 | 0.00 | -0.08 | 0.00 | 1.23 | 3.39 | |||
| TESRX | 0.62 | 0.07 | 0.10 | -0.01 | 0.86 | 1.32 | 6.84 | |||
| FMSHX | 0.61 | 0.08 | 0.10 | -0.01 | 0.84 | 1.30 | 6.76 | |||
| CGQGX | 0.78 | 0.09 | 0.10 | 0.01 | 1.01 | 1.17 | 7.43 |
ICON EQUITY Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
ICON EQUITY Competition Peer Performance Charts
How to Analyze ICON EQUITY Against Peers
ICON EQUITY's peer analysis compares ICON EQUITY 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 EQUITY 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 EQUITY leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
ICON EQUITY has a wider economic moat score than the average competitor, based on return spread and reinvestment patterns. Momentum scores across the peer set show which names are gaining relative strength and which are fading. Relative comparison helps show where ICON EQUITY is stronger or weaker against peers.
Unless otherwise specified, data for Icon Equity Income is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.