Icon Long/short Correlations

IOLZX Fund

USD 29.22 0.36 1.25%

The current 90-days correlation between Icon Long/short and Lord Abbett Inflation is 0.2 (i.e., Modest diversification). The correlation of Icon Long/short 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 Long/short Correlation With Market

Almost no diversification

The correlation between Icon Longshort Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icon Longshort Fund 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 Longshort Fund. 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

0.92	IOBAX	Icon Bond Fund	Pair Corr
0.89	IOBZX	Icon Bond Fund	Pair Corr
0.93	IOEZX	Icon Equity Income	Pair Corr
1.0	ISTAX	Icon Long/short	Pair Corr
0.98	ICBAX	Icon Natural Resources	Pair Corr
0.97	ICBMX	Icon Natural Resources	Pair Corr
0.97	ICFAX	Icon Financial	Pair Corr
0.97	ICFSX	Icon Financial	Pair Corr
0.97	ICTEX	Icon Information Tec	Pair Corr
0.97	ICTTX	Icon Information Tec	Pair Corr
0.93	IEQAX	Icon Equity Income	Pair Corr
0.85	VIMAX	Vanguard Mid Cap	Pair Corr
0.85	VIMSX	Vanguard Mid Cap	Pair Corr
0.85	VMCPX	Vanguard Mid Cap	Pair Corr
0.85	VMCIX	Vanguard Mid Cap	Pair Corr
0.83	VEXAX	Vanguard Extended Market	Pair Corr
0.83	VEMPX	Vanguard Extended Market	Pair Corr
0.83	VIEIX	Vanguard Extended Market	Pair Corr
0.79	VSEMX	Vanguard Extended Market	Pair Corr
0.83	VEXMX	Vanguard Extended Market	Pair Corr
0.89	FSMDX	Fidelity Mid Cap	Pair Corr
0.89	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.72	RYVLX	Nasdaq 100 2x	Pair Corr
0.78	UOPIX	Ultra Nasdaq 100	Pair Corr
0.81	RYCCX	Nasdaq 100 2x	Pair Corr
0.86	BIPIX	Biotechnology Ultrasector	Pair Corr
0.91	FLDAX	Franklin Low Duration	Pair Corr
0.81	IMGRX	Transamerica Asset	Pair Corr
0.9	LFRIX	Floating Rate	Pair Corr
0.87	CFSTX	Short Term	Pair Corr
0.95	HYSZX	Prudential Short Duration	Pair Corr
0.93	THOCX	Thornburg Global Opp	Pair Corr

Moving against Icon Mutual Fund

0.4	INPSX	Internet Ultrasector	Pair Corr
0.39	INPIX	Internet Ultrasector	Pair Corr

Related Correlations Analysis

	RYIFX	MFTFX	QMHIX	SLFYX	ABNYX	AUNTX	ABNTX	LIFAX
RYIFX		0.94	0.88	0.84	0.59	0.82	0.59	0.74	RYIFX
MFTFX	0.94		0.87	0.81	0.6	0.83	0.59	0.72	MFTFX
QMHIX	0.88	0.87		0.82	0.46	0.86	0.45	0.61	QMHIX
SLFYX	0.84	0.81	0.82		0.63	0.75	0.6	0.61	SLFYX
ABNYX	0.59	0.6	0.46	0.63		0.57	0.95	0.62	ABNYX
AUNTX	0.82	0.83	0.86	0.75	0.57		0.53	0.61	AUNTX
ABNTX	0.59	0.59	0.45	0.6	0.95	0.53		0.63	ABNTX
LIFAX	0.74	0.72	0.61	0.61	0.62	0.61	0.63		LIFAX
	RYIFX	MFTFX	QMHIX	SLFYX	ABNYX	AUNTX	ABNTX	LIFAX

Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Long/short 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 Long/short'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
RYIFX	0.55	0.09	0.08	0.20	0.61	(0.58)	1.25	(1.24)	2.89
MFTFX	1.03	0.18	0.11	0.63	1.02	(1.18)	2.06	(1.78)	5.99
QMHIX	0.66	0.17	0.14	0.54	0.60	(0.74)	1.41	(1.32)	4.56
SLFYX	0.24	0.05	(0.04)	1.30	0.07	(0.30)	0.62	(0.38)	1.27
ABNYX	0.07	(0.01)	(0.45)	(0.66)	0.09	(0.11)	0.19	(0.19)	0.47
AUNTX	0.07	0.00	(0.55)	0.27	0.00	(0.12)	0.19	(0.09)	0.37
ABNTX	0.07	(0.01)	(0.56)	(0.45)	0.08	(0.11)	0.10	(0.10)	0.39
LIFAX	0.09	(0.01)	(0.57)	(0.26)	0.07	(0.13)	0.17	(0.17)	0.68

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