Growth Income Correlations

Mutual Funds . USA . 
Fund . Growth Income Fund
UIGIX Fund  USD 25.77  0.03  0.12%   
The current 90-days correlation between Growth Income and Extended Market Index is 0.82 (i.e., Very poor diversification). The correlation of Growth 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.

Growth Income Correlation With Market

Very poor diversification

The correlation between Growth Income Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Income Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Growth 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 various price indices.

Moving together with Growth Mutual Fund

  1.0UICGX Capital GrowthPairCorr
  0.92UIEMX Emerging MarketsPairCorr
  0.91UIHIX High Income FundPairCorr
  0.99UIIFX International FundPairCorr
  0.75UIGSX Government SecuritiesPairCorr
  0.99UIISX Income StockPairCorr
  0.87UIPMX Precious Metals And Steady GrowthPairCorr
  0.85UISBX Short Term BondPairCorr
  0.98UISCX Small Cap StockPairCorr
  0.99UIVAX Value Fund ValuePairCorr
  1.0UIWGX World GrowthPairCorr
  0.76URGSX Government SecuritiesPairCorr
  0.92URHIX High Income FundPairCorr
  0.81URNQX Nasdaq 100 IndexPairCorr
  0.86URSBX Short Term BondPairCorr
  0.87URUSX Ultra Short TermPairCorr
  0.96USPRX Sp 500 IndexPairCorr
  0.98UTMAX Target Managed AllocationPairCorr
  0.87UUSIX Ultra Short TermPairCorr
  0.99UGOFX Global Managed VolatilityPairCorr
  0.76VTSAX Vanguard Total StockPairCorr
  0.73VFIAX Vanguard 500 IndexPairCorr
  0.76VTSMX Vanguard Total StockPairCorr
  0.76VITSX Vanguard Total StockPairCorr
  0.76VSMPX Vanguard Total StockPairCorr
  0.76VSTSX Vanguard Total StockPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr
  0.74VFFSX Vanguard 500 IndexPairCorr
  0.73VINIX Vanguard InstitutionalPairCorr
  0.73VIIIX Vanguard InstitutionalPairCorr
  0.76KF Korea ClosedPairCorr
  0.89EKWAX Wells Fargo Advantage Steady GrowthPairCorr
  0.87USAGX Precious Metals And Steady GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth 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 Growth 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.

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