Asset Comparison and Correlation

Assuming 30 trading days horizon, Vanguard Mid Cap Index InstlPlus is expected to under-perform the Hodges. But the fund apears to be less risky and, when comparing its historical volatility, Vanguard Mid Cap Index InstlPlus is 1.29 times less risky than Hodges. The fund trades about -0.12 of its potential returns per unit of risk. The Hodges is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest  2,940  in Hodges on May 19, 2013 and sell it today you would lose (11.00) from holding Hodges or give up 0.37% of portfolio value over 30 days.