International Equity Correlations

GIIYX Fund

USD 14.25 0.01 0.07%

The current 90-days correlation between International Equity and Growth Allocation Fund is 0.87 (i.e., Very poor diversification). The correlation of International Equity 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.

International Equity Correlation With Market

Poor diversification

The correlation between International Equity Index and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Equity Index and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Equity Index. 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 commodities.

Moving together with International Mutual Fund

0.89	GCOZX	Growth Allocation	Pair Corr
0.82	GDMYX	Defensive Market Str	Pair Corr
0.86	GDMZX	Defensive Market Str	Pair Corr
0.78	GVEYX	Value Equity Institu	Pair Corr
0.78	GVEZX	Value Equity Investor	Pair Corr
0.79	GVIYX	Guidestone Value Equity	Pair Corr
0.79	GVIZX	Guidestone Value Equity	Pair Corr
0.81	GEIYX	Guidestone Growth Equity	Pair Corr
0.81	GEIZX	Guidestone Growth Equity	Pair Corr
0.85	GEMYX	Emerging Markets Equity	Pair Corr
0.82	GEMZX	Emerging Markets Equity	Pair Corr
0.84	GEQYX	Equity Index Institu	Pair Corr
0.84	GEQZX	Equity Index Investor	Pair Corr
0.87	GFIZX	Conservative Allocation	Pair Corr
0.89	GGBZX	Aggressive Allocation	Pair Corr
0.78	GGBEX	Global Bond Fund	Pair Corr
0.77	GGBFX	Global Bond Fund	Pair Corr
0.81	GGEYX	Guidestone Fds Growth	Pair Corr
0.81	GGEZX	Growth Equity Investor	Pair Corr
0.88	GGIZX	Balanced Allocation	Pair Corr
0.89	GGRYX	Growth Allocation	Pair Corr
0.86	GIEYX	International Equity	Pair Corr
0.86	GIEZX	International Equity	Pair Corr
0.91	GIIZX	Guidestone Funds Int	Pair Corr
0.78	GLDYX	Low Duration Bond	Pair Corr
0.78	GLDZX	Low Duration Bond	Pair Corr
0.75	GMDYX	Medium Duration Bond	Pair Corr
0.74	GMDZX	Medium Duration Bond	Pair Corr
0.75	GMBYX	Guidestone Funds	Pair Corr
0.7	GMBZX	Guidestone Funds	Pair Corr
0.9	GMFZX	Mydestination 2045	Pair Corr
0.78	GMEYX	Guidestone Funds Impact	Pair Corr
0.89	GMHYX	Mydestination 2035	Pair Corr
0.9	GMHZX	Mydestination 2035	Pair Corr
0.9	GMGYX	Mydestination 2055	Pair Corr
0.9	GMGZX	Mydestination 2055	Pair Corr

Moving against International Mutual Fund

0.49

GMEZX

Guidestone Funds Impact

Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX
GCOZX		0.97	0.99	0.96	0.96	0.91	0.92	0.97	0.97	0.98	GCOZX
GDMYX	0.97		0.98	0.93	0.93	0.96	0.96	0.96	0.96	0.95	GDMYX
GDMZX	0.99	0.98		0.96	0.96	0.92	0.93	0.98	0.98	0.97	GDMZX
GVEYX	0.96	0.93	0.96		1.0	0.9	0.91	0.92	0.92	0.95	GVEYX
GVEZX	0.96	0.93	0.96	1.0		0.9	0.91	0.92	0.92	0.95	GVEZX
GVIYX	0.91	0.96	0.92	0.9	0.9		1.0	0.89	0.89	0.9	GVIYX
GVIZX	0.92	0.96	0.93	0.91	0.91	1.0		0.89	0.89	0.9	GVIZX
GEIYX	0.97	0.96	0.98	0.92	0.92	0.89	0.89		1.0	0.95	GEIYX
GEIZX	0.97	0.96	0.98	0.92	0.92	0.89	0.89	1.0		0.95	GEIZX
GEMYX	0.98	0.95	0.97	0.95	0.95	0.9	0.9	0.95	0.95		GEMYX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International 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 International 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
GCOZX	0.38	0.03	(0.04)	0.16	0.16	(0.48)	1.12	(0.53)	2.34
GDMYX	0.28	0.09	(0.11)	(0.69)	0.00	(0.37)	0.69	(0.41)	2.07
GDMZX	0.28	0.03	(0.10)	0.18	0.00	(0.37)	0.69	(0.42)	2.01
GVEYX	0.58	0.10	0.13	0.23	0.26	(0.75)	1.43	(0.85)	5.02
GVEZX	0.58	0.09	0.13	0.22	0.26	(0.73)	1.43	(0.85)	5.03
GVIYX	0.49	0.10	(0.06)	(0.51)	0.40	(0.61)	1.01	(0.89)	2.84
GVIZX	0.48	0.10	(0.06)	(0.52)	0.40	(0.61)	1.01	(0.81)	2.84
GEIYX	0.60	0.09	0.09	0.24	0.49	(0.69)	1.38	(1.04)	4.41
GEIZX	0.60	0.09	0.09	0.24	0.48	(0.72)	1.38	(1.04)	4.34
GEMYX	0.54	0.08	0.04	0.25	0.35	(0.64)	1.33	(0.90)	4.18

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC