International Equities Correlations

Mutual Funds . USA . 
Fund . International Equities Index
VCIEX Fund  USD 9.44  0.06  0.63%   
The current 90-days correlation between International Equities and Pgim Conservative Retirement is -0.14 (i.e., Good diversification). The correlation of International Equities 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.

International Equities Correlation With Market

Poor diversification

The correlation between International Equities Index and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Equities Index 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 International Equities Index. 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 commodities.

Moving together with International Mutual Fund

  0.79VMIDX Mid Cap IndexPairCorr
  0.72VMSGX Mid Cap StrategicPairCorr
  0.79VAPPX Valic Company IPairCorr
  0.8VSRDX Valic Company IPairCorr
  0.82VSTIX Stock Index FundPairCorr
  0.83VSSVX Small Cap SpecialPairCorr
  0.84VBCVX Broad Cap ValuePairCorr
  0.8VCAAX Asset AllocationPairCorr
  0.73VCBDX Valic Company IPairCorr
  0.8VCBCX Blue Chip GrowthPairCorr
  0.85VCGAX Growth IncomePairCorr
  0.82VCGEX Emerging EconomiesPairCorr
  0.73VCGSX Government SecuritiesPairCorr
  0.96VCFVX Foreign ValuePairCorr
  0.75VCIFX International GovernmentPairCorr
  0.89VCIGX Valic Company IPairCorr
  0.78VCNIX Nasdaq 100 IndexPairCorr
  0.71VCSTX Science TechnologyPairCorr
  0.71VCTPX Inflation ProtectedPairCorr
  0.92VCSOX Global Social AwarenessPairCorr
  0.86VCSLX Small Cap IndexPairCorr
  0.74VCULX Growth Fund GrowthPairCorr
  0.81VDAFX Dynamic AllocationPairCorr
  0.74VVMCX Valic Company IPairCorr
  0.82VVSGX Valic Company IPairCorr
  0.84VVSCX Valic Company IPairCorr
  0.85VGCLX Valic Company IPairCorr
  0.86VGLSX Global StrategyPairCorr
  0.78VHYLX Valic Company IPairCorr
  0.91VIOPX Valic Company IPairCorr
  0.88VLAGX Valic Company IPairCorr
  0.87VLSMX Valic Company IPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.9VTSNX Vanguard Total InterPairCorr
  0.95VTPSX Vanguard Total InterPairCorr
  0.95VTISX Vanguard Total InterPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Equities 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 International Equities' 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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