Smead Funds Correlations

SVXAX Fund

USD 55.24 0.16 0.29%

The current 90-days correlation between Smead Funds Trust and Short Precious Metals is -0.35 (i.e., Very good diversification). The correlation of Smead 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.

Smead Funds Correlation With Market

Modest diversification

The correlation between Smead Funds Trust and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead Funds Trust 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 Smead Funds 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 nation.

Moving together with Smead Mutual Fund

1.0	SVXYX	Smead International Value	Pair Corr
1.0	SVXCX	Smead International Value	Pair Corr
1.0	SVXFX	Smead Funds Trust	Pair Corr
1.0	SVXLX	Smead Funds Trust	Pair Corr
0.71	DOXFX	Dodge Cox International	Pair Corr
0.75	OANIX	Oakmark International	Pair Corr
0.71	DODFX	Dodge International Stock	Pair Corr
0.75	OAKIX	Oakmark International	Pair Corr
0.75	OAYIX	Oakmark International	Pair Corr
0.75	OAZIX	Oakmark International	Pair Corr
0.8	FINVX	Fidelity Series Inte	Pair Corr
0.78	VTRIX	Vanguard International	Pair Corr
0.76	RRIGX	T Rowe Price	Pair Corr

Moving against Smead Mutual Fund

0.48	FTCAX	Templeton Strained Bond	Pair Corr
0.43	DFMGX	Df Dent Midcap	Pair Corr
0.36	IMOPX	Voya Midcap Opportunities	Pair Corr
0.32	BCAAX	Brandywineglobal C	Pair Corr

Related Correlations Analysis

	SPPIX	FGDIX	VGSBX	XGGNX	SGDLX	EPGFX	IOGYX
SPPIX		-0.98	-0.17	-0.88	-0.91	-0.91	-0.88	SPPIX
FGDIX	-0.98		0.02	0.88	0.97	0.97	0.94	FGDIX
VGSBX	-0.17	0.02		-0.03	-0.15	-0.17	-0.18	VGSBX
XGGNX	-0.88	0.88	-0.03		0.88	0.87	0.92	XGGNX
SGDLX	-0.91	0.97	-0.15	0.88		0.99	0.98	SGDLX
EPGFX	-0.91	0.97	-0.17	0.87	0.99		0.98	EPGFX
IOGYX	-0.88	0.94	-0.18	0.92	0.98	0.98		IOGYX
	SPPIX	FGDIX	VGSBX	XGGNX	SGDLX	EPGFX	IOGYX

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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

EPGFX	+ 0.99	SGDLX
IOGYX	+ 0.98	SGDLX
IOGYX	+ 0.98	EPGFX
SGDLX	+ 0.97	FGDIX
EPGFX	+ 0.97	FGDIX
IOGYX	+ 0.94	FGDIX

High negative correlations

FGDIX	- 0.98	SPPIX
EPGFX	- 0.91	SPPIX
SGDLX	- 0.91	SPPIX
IOGYX	- 0.88	SPPIX
XGGNX	- 0.88	SPPIX
IOGYX	- 0.18	VGSBX

Risk-Adjusted Indicators

There is a big difference between Smead Mutual Fund performing well and Smead 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 Smead 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
SPPIX	1.42	0.11	(0.01)	(0.49)	1.72	(1.56)	3.24	(2.31)	10.50
FGDIX	1.34	(0.05)	0.00	(0.22)	0.00	0.00	2.67	(2.83)	9.78
VGSBX	0.28	(0.02)	0.00	0.26	0.00	0.00	0.65	(0.64)	1.71
XGGNX	0.56	(0.06)	0.00	(0.14)	0.00	0.00	1.20	(1.20)	3.86
SGDLX	1.35	0.00	(0.06)	0.14	1.64	(1.47)	2.78	(2.57)	9.03
EPGFX	1.45	(0.02)	(0.05)	0.05	1.97	(1.39)	2.54	(3.10)	10.62
IOGYX	1.45	(0.03)	(0.05)	0.05	1.75	(1.53)	2.72	(2.81)	8.64

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