Tributary Small/Mid Correlations

FSMCX Fund

USD 16.09 0.06 0.37%

Current 90-days correlation between Tributary Smallmid Cap and Short Intermediate Bond Fund is -0.03 (i.e., Excellent diversification).Investors use its correlation structure to evaluate hedging opportunities and diversification potential.

Tributary Small/Mid Market Linkage

Very poor diversification

Tributary Small/Mid currently posts a 0.89 correlation with Dow Jones, indicating a Very poor diversification relationship for the active sample. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding Tributary Small/Mid alone.

Tributary Small/Mid has a market cap of 96.56 M. Use Investing Opportunities to explore allocation context. Adding Tributary Smallmid Cap to a portfolio enables side-by-side comparison with other holdings. Allocation models determine the relative weighting of each position in the portfolio. Broader economic conditions can influence Tributary Smallmid Cap's mutual fund valuation — related indicators include signals in discontinued.

Moving together with Tributary Mutual Fund

1.0	FSMBX	Tributary Smallmid Cap	Pair Corr
0.8	FOBAX	Balanced Fund	Pair Corr
0.8	FOBPX	Balanced Fund	Pair Corr
0.77	FOSCX	Small Pany Fund	Pair Corr
0.91	VSMAX	Vanguard Small Cap	Pair Corr
0.91	VSCIX	Vanguard Small Cap	Pair Corr
0.91	VSCPX	Vanguard Small Cap	Pair Corr
0.91	NAESX	Vanguard Small Cap	Pair Corr
0.95	FSSNX	Fidelity Small Cap	Pair Corr
0.91	DFSTX	Us Small Cap	Pair Corr
0.87	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.88	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.87	PASVX	T Rowe Price	Pair Corr
0.87	PRVIX	T Rowe Price	Pair Corr
0.78	PFN	PIMCO Income Strategy	Pair Corr
0.8	CIF	Mfs Intermediate High	Pair Corr
0.7	XNXJX	Nuveen New Jersey	Pair Corr
0.77	PCF	Putnam High Income	Pair Corr
0.66	NEXTX	Shelton Green Alpha	Pair Corr

Moving against Tributary Mutual Fund

0.57	XPPRX	Voya Prime Rate	Pair Corr
0.46	USPSX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	FSMBX	FOBAX	FOBPX	FOINX	FONPX	FOSCX	FOSBX	FOSPX
FSMBX		0.8	0.8	0.46	0.58	0.77	0.76	0.35	FSMBX
FOBAX	0.8		1.0	0.53	0.54	0.47	0.47	0.3	FOBAX
FOBPX	0.8	1.0		0.54	0.55	0.48	0.47	0.31	FOBPX
FOINX	0.46	0.53	0.54		0.91	0.69	0.69	0.88	FOINX
FONPX	0.58	0.54	0.55	0.91		0.79	0.79	0.91	FONPX
FOSCX	0.77	0.47	0.48	0.69	0.79		1.0	0.72	FOSCX
FOSBX	0.76	0.47	0.47	0.69	0.79	1.0		0.72	FOSBX
FOSPX	0.35	0.3	0.31	0.88	0.91	0.72	0.72		FOSPX
	FSMBX	FOBAX	FOBPX	FOINX	FONPX	FOSCX	FOSBX	FOSPX

Risk-Adjusted Indicators

Tributary Small/Mid Mutual Fund can look attractive on recent price action while risk efficiency lags the peer group. Reviewing Tributary Small/Mid's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSMBX	0.73	0.04	0.00	-0.02	0.00	0.00	1.72	-1.86	4.79
FOBAX	0.38	-0.01	0.00	-0.07	0.00	0.00	0.65	-0.96	2.22
FOBPX	0.37	-0.01	0.00	-0.07	0.00	0.00	0.67	-0.87	2.27
FOINX	0.18	-0.01	0.00	-0.27	0.00	0.00	0.32	-0.43	1.28
FONPX	0.09	-0.01	0.00	-0.57	0.00	0.00	0.21	-0.32	0.86
FOSCX	0.81	0.13	0.11	0.06	1.02	-0.79	2.15	-1.70	5.30
FOSBX	0.81	0.13	0.11	0.06	1.01	-0.80	2.14	-1.70	5.34
FOSPX	0.08	-0.01	0.31	1.09	0.08	-0.16	0.22	-0.22	0.66

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Tributary Small/Mid Correlations

Tributary Small/Mid Market Linkage

Moving together with Tributary Mutual Fund

Moving against Tributary Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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