Equity Income Correlations

Mutual Funds . USA . 
Fund . Equity Income Fund
PQIAX Fund  USD 42.15  0.17  0.40%   
The current 90-days correlation between Equity Income and Neuberger Berman Genesis is -0.12 (i.e., Good diversification). The correlation of Equity Income 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.

Equity Income Correlation With Market

Very poor diversification

The correlation between Equity Income Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Income Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Equity Income 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 Equity Mutual Fund

  0.89PFIFX Strategic Asset ManaPairCorr
  0.88PFISX International Small PanyPairCorr
  0.89PFIPX Strategic Asset ManaPairCorr
  0.91PFLJX Principal Lifetime 2050PairCorr
  0.95PGBHX Blue Chip FundPairCorr
  0.79PGDRX Diversified Real AssetPairCorr
  0.9SCIPX Strategic Asset ManaPairCorr
  0.9PHJYX Principal Lifetime HybridPairCorr
  0.9PHTMX Principal Lifetime HybridPairCorr
  0.87PHYFX High Yield FundPairCorr
  0.87PIIIX Diversified InternationalPairCorr
  0.93PINZX Overseas Fund InstitPairCorr
  0.83PLFMX Largecap Sp 500PairCorr
  0.89PLHHX Principal Lifetime HybridPairCorr
  0.9PLMTX Principal Lifetime HybridPairCorr
  0.95PMBCX Midcap Fund ClassPairCorr
  0.93PMDAX Small Midcap DividendPairCorr
  0.72PMRIX Government High QualityPairCorr
  0.87CMNWX Principal CapitalPairCorr
  0.91PPNPX Smallcap GrowthPairCorr
  0.9PPREX Preferred SecuritiesPairCorr
  0.85PPUMX Largecap GrowthPairCorr
  0.92PSBMX Smallcap Fund FkaPairCorr
  0.91PSIJX Smallcap GrowthPairCorr
  0.88PSHIX Short Term IncomePairCorr
  0.94PSMIX Global Multi StrategyPairCorr
  0.91LTFIX Principal Lifetime 2055PairCorr

Moving against Equity Mutual Fund

  0.5PIFPX Inflation ProtectionPairCorr
  0.43PIPJX Inflation ProtectionPairCorr
  0.37PIPIX Inflation ProtectionPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity Income 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 Equity Income'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
INPFX  0.26  0.06  0.02  0.99  0.18 
(0.30)
 0.57 
(0.49)
 1.69 
TQAAX  0.83  0.01  0.01  0.06  0.98 
(0.93)
 1.77 
(1.61)
 4.01 
TRLIX  0.64  0.19  0.27  0.33  0.23 
(0.77)
 1.36 
(1.06)
 8.53 
MGRAX  0.57  0.13  0.14  1.55  0.40 
(0.69)
 1.18 
(0.98)
 4.66 
TQAIX  0.83  0.01  0.01  0.06  0.99 
(0.90)
 1.80 
(1.60)
 4.00 
MGRDX  0.57  0.10  0.13  0.24  0.40 
(0.71)
 1.18 
(0.97)
 4.65 
HSWYX  0.59  0.00 (0.01) 0.06  0.74 
(0.61)
 1.20 
(1.49)
 3.13 
NBGNX  1.07  0.27  0.34  0.32  0.40 
(1.42)
 2.11 
(1.22)
 19.74 
NBGEX  1.08  0.27  0.34  0.33  0.41 
(1.42)
 2.12 
(1.24)
 19.88 
NBGIX  1.07  0.27  0.33  0.32  0.41 
(1.41)
 2.10 
(1.23)
 19.63 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY