My529 Large Correlations

UTDLX Fund

USD 14.50 0.03 0.21%

The current 90-days correlation between My529 Large Cap and Voya Real Estate is 0.6 (i.e., Poor diversification). The correlation of My529 Large 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.

My529 Large Correlation With Market

Very poor diversification

The correlation between My529 Large Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding My529 Large Cap 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 My529 Large Cap. 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 inflation.

Moving together with My529 Mutual Fund

0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.77	VSMPX	Vanguard Total Stock	Pair Corr
0.69	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VTIAX	Vanguard Total Inter	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.7	WHIAX	Ivy High Income	Pair Corr
0.7	IVHIX	Ivy High Income	Pair Corr
0.75	IHIFX	Ivy High Income	Pair Corr
0.67	WHIYX	Ivy High Income	Pair Corr
0.76	AXP	American Express Sell-off Trend	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.78	BAC	Bank of America	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.82	WMT	Walmart Common Stock	Pair Corr
0.72	MRK	Merck Company Aggressive Push	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr

Moving against My529 Mutual Fund

0.43	ERH	Allspring Utilities And	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.54	MSFT	Microsoft	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	VREQX	CREYX	PNDIX	CREMX	IVRSX	BREUX	FREEX	NMMRF
VREQX		0.83	-0.06	-0.07	0.97	0.43	0.7	0.0	VREQX
CREYX	0.83		0.01	0.0	0.82	0.54	0.65	0.0	CREYX
PNDIX	-0.06	0.01		1.0	0.12	-0.22	-0.25	0.0	PNDIX
CREMX	-0.07	0.0	1.0		0.11	-0.21	-0.27	0.0	CREMX
IVRSX	0.97	0.82	0.12	0.11		0.35	0.66	0.0	IVRSX
BREUX	0.43	0.54	-0.22	-0.21	0.35		0.46	0.0	BREUX
FREEX	0.7	0.65	-0.25	-0.27	0.66	0.46		0.0	FREEX
NMMRF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NMMRF
	VREQX	CREYX	PNDIX	CREMX	IVRSX	BREUX	FREEX	NMMRF

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

CREMX	+ 1.0	PNDIX
IVRSX	+ 0.97	VREQX
CREYX	+ 0.83	VREQX
IVRSX	+ 0.82	CREYX
FREEX	+ 0.7	VREQX
FREEX	+ 0.66	IVRSX

High negative correlations

FREEX	- 0.27	CREMX
FREEX	- 0.25	PNDIX
BREUX	- 0.22	PNDIX
BREUX	- 0.21	CREMX
CREMX	- 0.07	VREQX
PNDIX	- 0.06	VREQX

Risk-Adjusted Indicators

There is a big difference between My529 Mutual Fund performing well and My529 Large 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 My529 Large'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
VREQX	0.58	(0.05)	0.00	(0.06)	0.00	0.00	1.08	(1.27)	3.72
CREYX	0.74	(0.03)	(0.06)	(0.01)	1.04	(0.75)	1.49	(1.39)	8.03
PNDIX	0.04	0.02	0.00	(3.68)	0.00	0.00	0.10	0.00	0.20
CREMX	0.02	0.02	0.00	5.05	0.00	0.00	0.08	0.00	0.08
IVRSX	0.59	(0.03)	(0.08)	(0.02)	0.79	(0.61)	1.02	(1.41)	3.66
BREUX	0.75	(0.08)	0.00	(0.03)	0.00	0.00	1.84	(2.07)	4.62
FREEX	0.55	(0.04)	0.00	(0.13)	0.00	0.00	1.06	(1.22)	3.58
NMMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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