Swiss Helvetia Correlations

SWZ Fund

USD 7.88 0.08 1.03%

The current 90-days correlation between Swiss Helvetia Closed and MFS High Yield is 0.31 (i.e., Weak diversification). The correlation of Swiss Helvetia 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.

Swiss Helvetia Correlation With Market

Modest diversification

The correlation between Swiss Helvetia Closed and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swiss Helvetia Closed 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 Swiss Helvetia Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Swiss Fund

0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.89	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Swiss Fund

0.91	MFD	Macquariefirst Tr Global	Pair Corr
0.91	BAC	Bank of America Aggressive Push	Pair Corr
0.9	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.83	FEN	First Trust Energy	Pair Corr
0.83	DIS	Walt Disney Sell-off Trend	Pair Corr
0.8	BDJ	Blackrock Enhanced Equity	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.77	CUBA	Herzfeld Caribbean Basin	Pair Corr
0.63	FGB	First Trust Specialty	Pair Corr
0.57	CII	Blackrock Enhanced	Pair Corr
0.57	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.53	FIF	First Trust Energy	Pair Corr
0.52	HPQ	HP Inc	Pair Corr
0.4	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.4	HD	Home Depot	Pair Corr
0.32	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	CMU	CXE	MMT	MIN	MUE	KF	JEQ	GF	TWN	CEE
CMU		0.8	0.58	0.18	0.79	0.12	0.53	0.37	-0.04	-0.3	CMU
CXE	0.8		0.74	0.33	0.58	0.43	0.74	0.68	0.13	-0.51	CXE
MMT	0.58	0.74		0.5	0.24	0.4	0.72	0.79	0.36	-0.53	MMT
MIN	0.18	0.33	0.5		0.02	0.6	0.48	0.33	-0.06	-0.43	MIN
MUE	0.79	0.58	0.24	0.02		-0.08	0.4	-0.06	-0.24	0.09	MUE
KF	0.12	0.43	0.4	0.6	-0.08		0.67	0.54	-0.02	-0.77	KF
JEQ	0.53	0.74	0.72	0.48	0.4	0.67		0.65	0.11	-0.5	JEQ
GF	0.37	0.68	0.79	0.33	-0.06	0.54	0.65		0.53	-0.7	GF
TWN	-0.04	0.13	0.36	-0.06	-0.24	-0.02	0.11	0.53		-0.08	TWN
CEE	-0.3	-0.51	-0.53	-0.43	0.09	-0.77	-0.5	-0.7	-0.08		CEE
	CMU	CXE	MMT	MIN	MUE	KF	JEQ	GF	TWN	CEE

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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

CXE	+ 0.8	CMU
MUE	+ 0.79	CMU
GF	+ 0.79	MMT
MMT	+ 0.74	CXE
JEQ	+ 0.74	CXE
JEQ	+ 0.72	MMT

High negative correlations

CEE	- 0.77	KF
CEE	- 0.7	GF
CEE	- 0.53	MMT
CEE	- 0.51	CXE
CEE	- 0.5	JEQ
CEE	- 0.43	MIN

Risk-Adjusted Indicators

There is a big difference between Swiss Fund performing well and Swiss Helvetia 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 Swiss Helvetia'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
CMU	0.41	0.07	(0.12)	(0.35)	0.41	(0.54)	1.11	(0.84)	2.54
CXE	0.52	0.03	(0.15)	0.71	0.52	(0.67)	1.53	(1.02)	3.34
MMT	0.39	(0.03)	(0.18)	0.00	0.54	(0.41)	0.64	(0.84)	2.53
MIN	0.45	(0.02)	(0.16)	(0.10)	0.58	(0.65)	1.11	(1.10)	3.32
MUE	0.42	0.07	(0.10)	(4.86)	0.49	(0.45)	0.86	(0.77)	2.53
KF	0.99	(0.37)	0.00	(0.94)	0.00	0.00	1.28	(3.05)	7.70
JEQ	0.86	(0.13)	0.00	(0.07)	0.00	0.00	1.75	(1.79)	4.12
GF	0.69	(0.07)	0.00	6.89	0.00	0.00	1.40	(1.38)	6.29
TWN	1.23	(0.14)	0.00	(0.09)	0.00	0.00	2.54	(2.40)	8.04
CEE	1.08	0.10	0.06	0.23	1.07	(1.23)	2.52	(1.75)	13.97

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