Dynamic Allocation Correlations

VDAFX Fund

USD 11.41 0.08 0.71%

The current 90-days correlation between Dynamic Allocation and Mid Cap Index is 0.79 (i.e., Poor diversification). The correlation of Dynamic Allocation 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.

Dynamic Allocation Correlation With Market

Average diversification

The correlation between Dynamic Allocation Fund and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Allocation 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 Dynamic Allocation 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 price.

Moving together with Dynamic Mutual Fund

0.81	VMIDX	Mid Cap Index	Pair Corr
0.79	VMSGX	Mid Cap Strategic	Pair Corr
0.75	VAPPX	Valic Company I	Pair Corr
0.89	VSRDX	Valic Company I	Pair Corr
0.98	VSTIX	Stock Index Fund	Pair Corr
0.73	VSSVX	Small Cap Special	Pair Corr
0.95	VCAAX	Asset Allocation	Pair Corr
0.64	VCBCX	Blue Chip Growth	Pair Corr
0.82	VCGAX	Growth Income	Pair Corr
0.69	VCGEX	Emerging Economies	Pair Corr
0.71	VCFVX	Foreign Value	Pair Corr
0.78	VCIEX	International Equities	Pair Corr
0.71	VCIFX	International Government	Pair Corr
0.77	VCIGX	Valic Company I	Pair Corr
0.72	VCINX	International Growth	Pair Corr
0.89	VCNIX	Nasdaq 100 Index	Pair Corr
0.8	VCSOX	Global Social Awareness	Pair Corr
0.79	VCSLX	Small Cap Index	Pair Corr
0.78	VCULX	Growth Fund Growth	Pair Corr
0.73	VVMCX	Valic Company I	Pair Corr
0.92	VVSGX	Valic Company I	Pair Corr
0.65	VVSCX	Valic Company I	Pair Corr
0.93	VGCLX	Valic Company I	Pair Corr
0.84	VGLSX	Global Strategy	Pair Corr
0.79	VHYLX	Valic Company I	Pair Corr
0.83	VIOPX	Valic Company I	Pair Corr
0.94	VLAGX	Valic Company I	Pair Corr
0.99	VLCGX	Large Capital Growth	Pair Corr
0.94	VLSMX	Valic Company I	Pair Corr
0.62	ABALX	American Balanced	Pair Corr

Related Correlations Analysis

	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX
VMIDX		0.73	0.28	0.73	0.84	0.97	0.71	0.67	0.55	0.27	VMIDX
VMSGX	0.73		0.62	0.95	0.74	0.65	0.5	0.83	0.52	0.49	VMSGX
VAPPX	0.28	0.62		0.75	0.71	0.2	-0.06	0.84	0.11	0.8	VAPPX
VSRDX	0.73	0.95	0.75		0.85	0.65	0.46	0.91	0.47	0.56	VSRDX
VSTIX	0.84	0.74	0.71	0.85		0.78	0.41	0.9	0.43	0.59	VSTIX
VSSVX	0.97	0.65	0.2	0.65	0.78		0.72	0.61	0.58	0.22	VSSVX
VBCVX	0.71	0.5	-0.06	0.46	0.41	0.72		0.34	0.54	0.12	VBCVX
VCAAX	0.67	0.83	0.84	0.91	0.9	0.61	0.34		0.55	0.73	VCAAX
VCBDX	0.55	0.52	0.11	0.47	0.43	0.58	0.54	0.55		0.24	VCBDX
VCBCX	0.27	0.49	0.8	0.56	0.59	0.22	0.12	0.73	0.24		VCBCX
	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX

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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

VSSVX	+ 0.97	VMIDX
VSRDX	+ 0.95	VMSGX
VCAAX	+ 0.91	VSRDX
VCAAX	+ 0.9	VSTIX
VSTIX	+ 0.85	VSRDX
VSTIX	+ 0.84	VMIDX

High negative correlations

VBCVX

- 0.06

VAPPX

Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic Allocation 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 Dynamic Allocation'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
VMIDX	0.73	0.07	0.00	0.40	0.81	(0.75)	1.50	(1.35)	3.66
VMSGX	0.86	(0.02)	(0.08)	0.00	1.08	(0.93)	1.54	(1.93)	4.15
VAPPX	0.71	(0.04)	0.00	(0.21)	0.00	0.00	1.36	(2.03)	4.23
VSRDX	0.61	(0.01)	(0.10)	(0.12)	0.88	(0.58)	1.15	(1.50)	3.24
VSTIX	0.55	0.01	(0.08)	0.19	0.77	(0.54)	1.07	(1.18)	3.22
VSSVX	0.74	0.07	0.01	0.32	0.71	(0.89)	2.23	(1.50)	4.32
VBCVX	0.53	0.03	0.02	0.14	0.49	(0.57)	1.37	(1.04)	3.06
VCAAX	0.34	(0.02)	0.00	(0.16)	0.00	0.00	0.70	(0.71)	2.10
VCBDX	0.16	(0.01)	(0.41)	(0.15)	0.19	(0.20)	0.30	(0.30)	0.98
VCBCX	0.74	(0.11)	0.00	(0.04)	0.00	0.00	1.36	(1.78)	4.84

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