Virtus Bond Correlations

SAVCX Fund

USD 9.87 0.02 0.20%

The current 90-days correlation between Virtus Bond Fund and T Rowe Price is 0.04 (i.e., Significant diversification). The correlation of Virtus Bond 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.

Virtus Bond Correlation With Market

Average diversification

The correlation between Virtus Bond Fund and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Bond 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 Virtus Bond 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 main economic indicators.

Moving together with Virtus Mutual Fund

1.0	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
1.0	PTTPX	Pimco Total Return	Pair Corr
1.0	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.96	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.95	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.95	MWTRX	Metropolitan West Total	Pair Corr
0.97	GABFX	Gmo Asset Allocation	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against Virtus Mutual Fund

0.71	GMCQX	Gmo Equity Allocation	Pair Corr
0.67	AMGIX	Income Growth	Pair Corr
0.6	GCAVX	Gmo Small Cap	Pair Corr
0.42	FTYPX	Fidelity Freedom Index	Pair Corr
0.36	FFBTX	Fidelity Freedom Blend	Pair Corr
0.77	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.76	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.6	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.59	DIS	Walt Disney Aggressive Push	Pair Corr
0.58	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.58	WMT	Walmart Aggressive Push	Pair Corr
0.55	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	RPGIX	RGPAX	USGLX	DSDYX	BXFIX	WIGOX	MFIRX
RPGIX		0.85	0.68	-0.17	0.51	0.85	0.41	RPGIX
RGPAX	0.85		0.92	-0.43	0.77	0.91	0.31	RGPAX
USGLX	0.68	0.92		-0.48	0.77	0.9	0.18	USGLX
DSDYX	-0.17	-0.43	-0.48		-0.6	-0.26	0.62	DSDYX
BXFIX	0.51	0.77	0.77	-0.6		0.71	0.13	BXFIX
WIGOX	0.85	0.91	0.9	-0.26	0.71		0.42	WIGOX
MFIRX	0.41	0.31	0.18	0.62	0.13	0.42		MFIRX
	RPGIX	RGPAX	USGLX	DSDYX	BXFIX	WIGOX	MFIRX

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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

USGLX	+ 0.92	RGPAX
WIGOX	+ 0.91	RGPAX
WIGOX	+ 0.9	USGLX
RGPAX	+ 0.85	RPGIX
WIGOX	+ 0.85	RPGIX
BXFIX	+ 0.77	RGPAX

High negative correlations

BXFIX	- 0.6	DSDYX
DSDYX	- 0.48	USGLX
DSDYX	- 0.43	RGPAX
WIGOX	- 0.26	DSDYX
DSDYX	- 0.17	RPGIX

Risk-Adjusted Indicators

There is a big difference between Virtus Mutual Fund performing well and Virtus Bond 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 Virtus Bond'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
RPGIX	0.73	(0.08)	(0.07)	0.04	1.02	(0.72)	1.40	(1.57)	4.64
RGPAX	0.57	(0.01)	(0.07)	0.10	0.58	(0.70)	1.32	(1.36)	3.24
USGLX	0.59	(0.02)	(0.05)	0.09	0.75	(0.59)	1.25	(1.29)	4.33
DSDYX	0.16	0.00	(0.61)	0.39	0.17	(0.18)	0.34	(0.24)	0.92
BXFIX	0.07	0.02	0.00	1.58	0.00	0.00	0.12	(0.11)	0.81
WIGOX	0.76	(0.02)	(0.02)	0.10	0.74	(0.90)	1.54	(1.24)	4.08
MFIRX	0.09	0.01	(0.46)	(0.83)	0.00	(0.23)	0.19	(0.19)	0.76

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