Zevenbergen Growth Correlations

ZVNBX Fund

USD 40.01 0.20 0.50%

The current 90-days correlation between Zevenbergen Growth and American Funds The is 0.03 (i.e., Significant diversification). The correlation of Zevenbergen Growth 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.

Zevenbergen Growth Correlation With Market

Very weak diversification

The correlation between Zevenbergen Growth Fund and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevenbergen Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zevenbergen Growth 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 bureau of labor statistics.

Moving together with Zevenbergen Mutual Fund

1.0	ZVGNX	Zevenbergen Genea	Pair Corr
1.0	ZVGIX	Zevenbergen Genea	Pair Corr
1.0	ZVNIX	Zevenbergen Growth	Pair Corr
0.94	FAFGX	American Funds	Pair Corr
0.94	FFAFX	American Funds	Pair Corr
0.94	GFACX	Growth Fund	Pair Corr
0.96	GFAFX	Growth Fund	Pair Corr
0.96	AGTHX	Growth Fund	Pair Corr
0.96	CGFFX	Growth Fund	Pair Corr
0.94	CGFCX	Growth Fund	Pair Corr
0.94	CGFAX	Growth Fund	Pair Corr
0.96	CGFEX	Growth Fund	Pair Corr
0.96	RGAEX	Growth Fund	Pair Corr
0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.95	FZROX	Fidelity Zero Total	Pair Corr
0.74	HIX	Western Asset High	Pair Corr
0.75	FSUTX	Utilities Portfolio	Pair Corr
0.93	ELFNX	Elfun Trusts Elfun	Pair Corr
0.87	GVCAX	Gabelli Value	Pair Corr
0.7	AMECX	Income Fund	Pair Corr
0.72	ACP	Aberdeen Income Credit	Pair Corr
0.93	FIVUX	First Investors Oppo	Pair Corr
0.72	RGGEX	American Funds Global	Pair Corr

Moving against Zevenbergen Mutual Fund

0.46	VGTSX	Vanguard Total Inter	Pair Corr
0.46	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX
FAFGX		1.0	1.0	0.98	0.98	0.98	1.0	1.0	0.98	0.98	FAFGX
FFAFX	1.0		1.0	0.98	0.98	0.98	1.0	1.0	0.98	0.98	FFAFX
GFACX	1.0	1.0		0.97	0.97	0.97	1.0	1.0	0.97	0.97	GFACX
GFAFX	0.98	0.98	0.97		1.0	1.0	0.97	0.97	1.0	1.0	GFAFX
AGTHX	0.98	0.98	0.97	1.0		1.0	0.97	0.98	1.0	1.0	AGTHX
CGFFX	0.98	0.98	0.97	1.0	1.0		0.97	0.98	1.0	1.0	CGFFX
CGFCX	1.0	1.0	1.0	0.97	0.97	0.97		1.0	0.97	0.97	CGFCX
CGFAX	1.0	1.0	1.0	0.97	0.98	0.98	1.0		0.97	0.97	CGFAX
CGFEX	0.98	0.98	0.97	1.0	1.0	1.0	0.97	0.97		1.0	CGFEX
RGAEX	0.98	0.98	0.97	1.0	1.0	1.0	0.97	0.97	1.0		RGAEX
	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX

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Risk-Adjusted Indicators

There is a big difference between Zevenbergen Mutual Fund performing well and Zevenbergen Growth 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 Zevenbergen Growth'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
FAFGX	0.60	0.23	0.14	4.89	0.47	(0.68)	1.34	(1.17)	4.41
FFAFX	0.60	0.23	0.14	5.06	0.47	(0.68)	1.34	(1.17)	4.41
GFACX	0.60	0.22	0.14	4.93	0.48	(0.68)	1.33	(1.16)	4.41
GFAFX	0.59	0.11	0.12	0.25	0.50	(0.67)	1.34	(1.18)	4.42
AGTHX	0.59	0.11	0.12	0.25	0.50	(0.67)	1.34	(1.17)	4.40
CGFFX	0.59	0.11	0.12	0.25	0.48	(0.67)	1.34	(1.18)	4.41
CGFCX	0.60	0.22	0.14	4.98	0.48	(0.68)	1.34	(1.17)	4.41
CGFAX	0.60	0.23	0.14	4.93	0.48	(0.68)	1.35	(1.18)	4.40
CGFEX	0.59	0.11	0.12	0.25	0.50	(0.67)	1.34	(1.17)	4.40
RGAEX	0.59	0.11	0.12	0.25	0.50	(0.67)	1.34	(1.17)	4.39

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