| BGNAX Fund | | | USD 8.75 0.04 0.46% |
The current 90-days correlation between Ginnie Mae Fund and Inflation Adjusted Bond Fund is 0.04 (i.e., Significant diversification). The correlation of Ginnie Mae 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.
Ginnie Mae Correlation With Market
Average diversification
The correlation between Ginnie Mae Fund and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ginnie Mae Fund and NYA in the same portfolio, assuming nothing else is changed.
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