ICON LONG/SHORT Correlations

IOLZX Fund

USD 28.05 0.21 0.75%

Current 90-days correlation between ICON LONG/SHORT and Goldman Sachs Mlp is 0.24 (i.e., Moderate diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

ICON LONG/SHORT Market Correlation Overview

Very poor diversification

Across the chosen horizon, ICON LONG/SHORT and Dow Jones show a correlation of 0.8 and fall into the Very poor diversification bucket. A 0.8 reading means ICON LONG/SHORT and Dow Jones have substantial price overlap, limiting diversification benefit.

For portfolio construction context, review Risk vs Return Analysis. Diversification context helps frame allocation across holdings. Icon Longshort Fund can be included in a portfolio to evaluate diversification impact. Risk and return metrics update as positions are added or adjusted. Broader economic conditions can influence Icon Longshort Fund's mutual fund valuation — related indicators include signals in nation.

Moving together with ICON Mutual Fund

0.85	IOBZX	Icon Bond Fund	Pair Corr
1.0	ISTAX	ICON LONG/SHORT	Pair Corr
0.62	ICFAX	Icon Financial	Pair Corr
0.63	ICFSX	Icon Financial	Pair Corr
0.89	ICTEX	Icon Information	Pair Corr
0.89	ICTTX	Icon Information	Pair Corr
0.79	VIMAX	Vanguard Mid Cap	Pair Corr
0.79	VIMSX	Vanguard Mid Cap	Pair Corr
0.79	VMCPX	Vanguard Mid Cap	Pair Corr
0.79	VMCIX	Vanguard Mid Cap	Pair Corr
0.66	VEXAX	Vanguard Extended Market	Pair Corr
0.66	VEMPX	Vanguard Extended Market	Pair Corr
0.66	VIEIX	Vanguard Extended Market	Pair Corr
0.66	VEXMX	Vanguard Extended Market	Pair Corr
0.83	FSMDX	Fidelity Mid Cap	Pair Corr
0.64	PFN	PIMCO Income Strategy	Pair Corr
0.72	CIF	Mfs Intermediate High	Pair Corr
0.67	XNXJX	Nuveen New Jersey	Pair Corr
0.61	PCF	Putnam High Income	Pair Corr
0.63	ETNMX	Eventide Multi Asset	Pair Corr
0.76	VVIEX	Voya Vacs Index	Pair Corr
0.76	BOSVX	Omni Small Cap	Pair Corr
0.68	PCMSX	Principal Midcap Value	Pair Corr
0.67	FVASX	Fa529 Vl St	Pair Corr

Related Correlations Analysis

	IVEIX	XEMOX	SMAPX	GMOWX	TMCLX	ICBAX	VENAX	GMNPX
IVEIX		0.88	0.89	0.96	0.88	0.95	0.92	0.91	IVEIX
XEMOX	0.88		1.0	0.93	1.0	0.82	0.97	0.99	XEMOX
SMAPX	0.89	1.0		0.94	1.0	0.82	0.98	0.99	SMAPX
GMOWX	0.96	0.93	0.94		0.93	0.89	0.94	0.94	GMOWX
TMCLX	0.88	1.0	1.0	0.93		0.81	0.97	0.99	TMCLX
ICBAX	0.95	0.82	0.82	0.89	0.81		0.83	0.85	ICBAX
VENAX	0.92	0.97	0.98	0.94	0.97	0.83		0.99	VENAX
GMNPX	0.91	0.99	0.99	0.94	0.99	0.85	0.99		GMNPX
	IVEIX	XEMOX	SMAPX	GMOWX	TMCLX	ICBAX	VENAX	GMNPX

Risk-Adjusted Indicators

Strong recent returns in ICON Mutual Fund do not always mean ICON LONG/SHORT Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare ICON LONG/SHORT's efficiency and downside exposure against peers on a like-for-like basis. 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
IVEIX	0.67	0.24	0.23	0.32	0.72	-0.69	1.63	-1.49	4.44
XEMOX	0.69	0.26	0.44	-1.98	0.36	-0.85	1.68	-0.94	3.76
SMAPX	0.64	0.30	0.48	-2.75	0.17	-0.81	1.48	-0.84	3.64
GMOWX	1.09	0.37	0.28	-0.94	1.23	-1.24	2.52	-2.75	7.24
TMCLX	0.67	0.31	0.47	-2.92	0.20	-0.83	1.94	-1.14	3.68
ICBAX	1.05	0.28	0.21	0.20	1.05	-1.10	2.58	-2.08	5.72
VENAX	0.97	0.51	0.53	2.45	0.37	-1.15	2.52	-1.21	5.11
GMNPX	0.51	0.25	0.55	3.36	0.00	-0.63	1.27	-0.72	2.79

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ICON LONG/SHORT Correlations

ICON LONG/SHORT Market Correlation Overview

Moving together with ICON Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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