DIVERSIFIED INCOME Competition
| PDIIX Fund | USD 9.90 -0.02 -0.20% |
DIVERSIFIED INCOME vs FIDELITY SAI Correlation Overview
Almost no diversification
PDIIX currently posts a 0.9 correlation with FSMNX, indicating a Almost no diversification relationship for the active sample. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
Moving together with DIVERSIFIED Mutual Fund
The mean reversion principle applied to DIVERSIFIED INCOME's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
DIVERSIFIED INCOME Competition Correlation Matrix
Correlation analysis between Diversified Income Fund and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
Risk-Adjusted Indicators
There is a big difference between DIVERSIFIED Mutual Fund performing well and DIVERSIFIED INCOME Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare DIVERSIFIED INCOME's efficiency and downside exposure against peers in a more meaningful way. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FISCX | 0.58 | -0.04 | 0.00 | 0.15 | 0.00 | 0.95 | 3.92 | |||
| FSHGX | 0.12 | 0.02 | 0.39 | 0.08 | 0.05 | 0.22 | 0.96 | |||
| PLIIX | 0.15 | -0.01 | 0.35 | -0.20 | 0.17 | 0.31 | 0.92 | |||
| PLIDX | 0.15 | -0.01 | 0.00 | -0.20 | 0.00 | 0.31 | 0.92 | |||
| JDSAX | 0.69 | -0.01 | 0.09 | 0.00 | 0.92 | 1.30 | 4.96 | |||
| CVTCX | 0.59 | -0.06 | 0.00 | 0.22 | 0.00 | 0.93 | 3.41 | |||
| FCAMX | 0.11 | 0.01 | 0.32 | 0.59 | 0.06 | 0.21 | 1.13 | |||
| CVTRX | 0.59 | -0.05 | 0.00 | 0.20 | 0.00 | 0.93 | 3.39 | |||
| CDICX | 0.07 | 0.00 | 0.68 | -0.09 | 0.00 | 0.13 | 0.63 | |||
| FSMNX | 0.10 | 0.01 | 0.33 | 0.49 | 0.03 | 0.20 | 1.00 |
DIVERSIFIED INCOME Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
DIVERSIFIED INCOME Competition Peer Performance Charts
How to Analyze DIVERSIFIED INCOME Against Peers
DIVERSIFIED INCOME's peer analysis compares DIVERSIFIED INCOME 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 DIVERSIFIED INCOME 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 DIVERSIFIED INCOME leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Momentum comparison for DIVERSIFIED INCOME across peers can signal rotation - when peers accelerate while DIVERSIFIED INCOME lags or vice versa, the divergence often has a fundamental explanation. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.
Inputs for Diversified Income Fund come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag.