Rbc Funds Correlations
| REVAX Fund | USD 8.33 0.01 0.12% |
The current 90-days correlation between Rbc Funds Trust and Nationwide Growth Fund is 0.3 (i.e., Weak diversification). The correlation of Rbc Funds 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.
Rbc Funds Correlation With Market
Modest diversification
The correlation between Rbc Funds Trust and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rbc Funds Trust and DJI in the same portfolio, assuming nothing else is changed.
Rbc |
Moving together with Rbc Mutual Fund
| 0.84 | RBCIX | Rbc China Equity | PairCorr |
| 0.99 | REEAX | Rbc Emerging Markets | PairCorr |
| 0.99 | REEIX | Rbc Emerging Markets | PairCorr |
| 1.0 | REMVX | Rbc Emerging Markets | PairCorr |
| 0.69 | RISSX | Rbc International Small | PairCorr |
| 0.94 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.94 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.94 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.94 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.97 | FWWNX | American Funds New | PairCorr |
| 0.97 | FNFWX | American Funds New | PairCorr |
| 0.97 | NEWFX | New World Fund | PairCorr |
| 0.97 | NWFFX | New World Fund | PairCorr |
| 0.97 | NEWCX | New World Fund | PairCorr |
| 0.98 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.61 | IFN | India Closed | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Rbc Mutual Fund performing well and Rbc Funds 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 Rbc Funds' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMFAX | 0.55 | (0.01) | (0.05) | 0.10 | 0.66 | 1.13 | 3.64 | |||
| QUAIX | 0.94 | 0.02 | 0.05 | 0.13 | 1.03 | 1.92 | 6.76 | |||
| QLMSTX | 0.88 | 0.01 | 0.04 | 0.12 | 0.96 | 1.93 | 6.85 | |||
| TFAGX | 0.60 | (0.02) | (0.03) | 0.09 | 0.82 | 1.32 | 4.35 | |||
| VGIAX | 0.57 | 0.00 | (0.02) | 0.12 | 0.69 | 1.25 | 4.06 | |||
| PMDDX | 0.72 | 0.01 | 0.03 | 0.12 | 0.65 | 1.61 | 5.22 | |||
| GPSCX | 1.08 | 0.06 | 0.07 | 0.16 | 1.10 | 2.33 | 5.55 | |||
| MSSGX | 1.47 | 0.38 | 0.28 | 0.36 | 1.17 | 3.46 | 7.23 |