Icon Equity Correlations

IOEZX Fund

USD 18.44 0.20 1.10%

The current 90-days correlation between Icon Equity Income and Virtus Seix Government is -0.14 (i.e., Good diversification). The correlation of Icon 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.

Icon Equity Correlation With Market

Poor diversification

The correlation between Icon Equity Income and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icon Equity Income 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 Icon Equity Income. 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 nation.

Moving together with Icon Mutual Fund

0.84	IOBZX	Icon Bond Fund	Pair Corr
0.96	IOLZX	Icon Long/short	Pair Corr
0.67	ISTAX	Icon Long/short	Pair Corr
0.68	ICBAX	Icon Natural Resources	Pair Corr
0.66	ICFAX	Icon Financial	Pair Corr
0.86	ICFSX	Icon Financial	Pair Corr
0.9	ICTTX	Icon Information Tec	Pair Corr
0.68	IEQAX	Icon Equity Income	Pair Corr
0.9	TMPIX	Touchstone Mid Cap	Pair Corr
0.71	GHAAX	Global Hard Assets	Pair Corr
0.93	MSYIX	High Yield Portfolio	Pair Corr
0.62	FSLVX	Fidelity Stock Selector	Pair Corr
0.65	JGMCX	Janus Triton	Pair Corr

Moving against Icon Mutual Fund

0.51	ICTUX	Icon Utilities And	Pair Corr
0.46	ICTVX	Icon Utilities	Pair Corr

Related Correlations Analysis

	SSAGX	DPIGX	SMAAX	IVMXX	FCSCX	SGVDX	WMBDX	PYUSX
SSAGX		0.82	0.83	0.0	0.9	0.19	0.46	0.84	SSAGX
DPIGX	0.82		0.59	0.0	0.83	0.37	0.65	0.9	DPIGX
SMAAX	0.83	0.59		0.0	0.68	0.39	0.51	0.68	SMAAX
IVMXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IVMXX
FCSCX	0.9	0.83	0.68	0.0		0.13	0.29	0.89	FCSCX
SGVDX	0.19	0.37	0.39	0.0	0.13		0.64	0.48	SGVDX
WMBDX	0.46	0.65	0.51	0.0	0.29	0.64		0.53	WMBDX
PYUSX	0.84	0.9	0.68	0.0	0.89	0.48	0.53		PYUSX
	SSAGX	DPIGX	SMAAX	IVMXX	FCSCX	SGVDX	WMBDX	PYUSX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FCSCX	+ 0.9	SSAGX
PYUSX	+ 0.9	DPIGX
PYUSX	+ 0.89	FCSCX
PYUSX	+ 0.84	SSAGX
SMAAX	+ 0.83	SSAGX
FCSCX	+ 0.83	DPIGX

High negative correlations

PYUSX	- 0.0	IVMXX
WMBDX	- 0.0	IVMXX
SGVDX	- 0.0	IVMXX
FCSCX	- 0.0	IVMXX
IVMXX	- 0.0	SMAAX
IVMXX	- 0.0	DPIGX

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
SSAGX	0.05	0.01	0.00	(1.88)	0.00	0.00	0.10	(0.10)	0.51
DPIGX	0.07	0.00	(0.90)	(0.09)	0.00	(0.12)	0.10	(0.10)	0.52
SMAAX	0.06	0.01	(0.95)	1.84	0.00	(0.13)	0.19	(0.10)	0.29
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCSCX	0.04	0.00	(0.76)	(0.01)	0.00	(0.18)	0.13	(0.13)	0.53
SGVDX	0.15	0.00	(0.49)	0.07	0.14	(0.16)	0.30	(0.30)	0.91
WMBDX	0.16	0.00	(0.39)	0.14	0.15	(0.20)	0.25	(0.37)	1.00
PYUSX	0.08	0.00	(0.86)	0.09	0.00	(0.14)	0.21	(0.11)	0.53

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

2026 Macroaxis LLC