Fundvantage Trust Correlations

PBBIX Fund

USD 10.33 0.01 0.1%

The current 90-days correlation between Fundvantage Trust and Limited Term Tax is 0.39 (i.e., Weak diversification). The correlation of Fundvantage Trust 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.

Fundvantage Trust Correlation With Market

Good diversification

The correlation between Fundvantage Trust and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundvantage Trust 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 Fundvantage Trust . 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 gross domestic product.

Moving together with Fundvantage Mutual Fund

0.74	PGIIX	Polen Global Growth	Pair Corr
0.74	PGIRX	Polen Global Growth	Pair Corr
0.74	POLIX	Polen Growth	Pair Corr
0.74	POLRX	Polen Growth	Pair Corr
0.73	DDJRX	Ddj Opportunistic High	Pair Corr
0.74	DDJIX	Ddj Opportunistic High	Pair Corr
0.8	PBKIX	Polen Bank Loan	Pair Corr
0.77	PBMIX	Polen Smid	Pair Corr
0.73	PBSIX	Polen Small Pany	Pair Corr
0.74	PBSRX	Polen Small	Pair Corr
0.74	PBSYX	Polen Small	Pair Corr
0.64	VWEAX	Vanguard High Yield	Pair Corr
0.64	VWEHX	Vanguard High Yield	Pair Corr
0.79	BHYCX	Blackrock Hi Yld	Pair Corr
0.82	BHYIX	Blackrock High Yield	Pair Corr
0.8	BHYSX	Blackrock Hi Yld	Pair Corr
0.89	BHYAX	Blackrock High Yield	Pair Corr
0.85	FAHHX	American Funds American	Pair Corr
0.85	FTAHX	American Funds American	Pair Corr
0.85	AHTFX	American High Income	Pair Corr
0.77	AHTCX	American High Income	Pair Corr
0.72	FZROX	Fidelity Zero Total	Pair Corr
0.68	JDBRX	Janus Balanced	Pair Corr
0.7	FSLBX	Brokerage And Investment	Pair Corr
0.76	FAGIX	Fidelity Capital Income	Pair Corr
0.73	HNSGX	Harbor Small Cap	Pair Corr
0.76	VVMCX	Valic Company I	Pair Corr
0.7	FMILX	Fidelity New Millennium	Pair Corr
0.69	GVCIX	Gabelli Val	Pair Corr
0.74	USA	Liberty All Star	Pair Corr

Moving against Fundvantage Mutual Fund

0.37	POIIX	Polen International	Pair Corr
0.37	POIRX	Polen International	Pair Corr
0.54	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	LTXFX	MDMTX	GFAXX	BBIIX	BBINX	TPYYX
LTXFX		0.9	0.0	0.91	0.99	0.54	LTXFX
MDMTX	0.9		0.0	0.89	0.93	0.33	MDMTX
GFAXX	0.0	0.0		0.0	0.0	0.0	GFAXX
BBIIX	0.91	0.89	0.0		0.92	0.48	BBIIX
BBINX	0.99	0.93	0.0	0.92		0.51	BBINX
TPYYX	0.54	0.33	0.0	0.48	0.51		TPYYX
	LTXFX	MDMTX	GFAXX	BBIIX	BBINX	TPYYX

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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

BBINX	+ 0.99	LTXFX
BBINX	+ 0.93	MDMTX
BBINX	+ 0.92	BBIIX
BBIIX	+ 0.91	LTXFX
MDMTX	+ 0.9	LTXFX
BBIIX	+ 0.89	MDMTX

High negative correlations

TPYYX	- 0.0	GFAXX
BBINX	- 0.0	GFAXX
BBIIX	- 0.0	GFAXX
GFAXX	- 0.0	MDMTX
GFAXX	- 0.0	LTXFX

Risk-Adjusted Indicators

There is a big difference between Fundvantage Mutual Fund performing well and Fundvantage Trust 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 Fundvantage Trust'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
LTXFX	0.09	0.00	(0.56)	0.00	0.11	(0.12)	0.19	(0.19)	0.78
MDMTX	0.17	0.00	(0.31)	0.07	0.24	(0.22)	0.38	(0.56)	1.33
GFAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBIIX	0.12	0.01	(0.47)	(0.03)	0.15	(0.16)	0.29	(0.29)	1.07
BBINX	0.12	0.00	(0.46)	0.04	0.14	(0.17)	0.29	(0.29)	1.07
TPYYX	0.70	0.02	(0.11)	(0.69)	0.95	(0.75)	1.40	(1.71)	5.39

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