Mainly from the comparison of fund performance in the same period. Comparison of withdrawals in the same period. Compare the concentration of the top ten. Compare the correlation between funds. Finally, you can learn about the investment strategy of fund managers and so on.
1. Comparison of basic fund information:
These four categories belong to one of the stock funds. It is safer for investors with relatively high risks and weak risk tolerance to match some bond funds or monetary funds.
2. Comparison of fund size:
The size of blue chips is greater than the sum of the other three. The short-term rapid growth of fund scale is a great test for the ability of fund managers, and it is also very difficult in the process of decline. But on the other hand, it also gives the other three sizes an upper limit.
3. Performance comparison in the same period:
Due to the different establishment time, I compared the performance of 20 19. 1 to 202 1.4. 1. What needs everyone's attention here is that the performance return of Xingquan CreditEase in the same period is far less than that of the other three companies. In the same period, the maximum retreat will be smaller than the other three.
4. Compare the data of the past year:
It doesn't matter if you don't understand the data inside. Let me explain to you, that is, when the market is OK, blue chips and Shanghai, Hong Kong and Shenzhen will rise strongly, but when the market kills the valuation, it will also fall sharply. At this time, diversified investment with low valuation plate which is suitable for Xingquan and ICBC strategy has advantages.
5. Let's take a look at their maximum retracement data comparison:
Recently 1 year, due to the change of market style, the liquor medicine held by the major holding funds in the early stage has retreated greatly. The data of retreat in the same period found that blue chip and Shanghai-Hong Kong-Shenzhen are a pair, and the retreat is unambiguous. On the contrary, appropriateness and ICBC strategy are a pair, and the scope of withdrawal is relatively acceptable. The strategy of ICBC here is timing, so the retracement data is very small.
6. Comparative analysis of the net value of the top ten positions:
Obviously, the Shanghai-Hong Kong-Shenzhen blue-chip shares are concentrated, and the top ten positions account for more than 70% of the net value. If you know the Shanghai-Hong Kong-Shenzhen in Quyang and the blue chip in Zhang Kun, their operation style has always been centralized shareholding, so the fluctuation of the top ten positions has a great influence on the net value of the whole fund. It is a great test for stock selection ability, and when the market is good, it will get very high excess returns. When the market is bad, it will plummet and retreat.
On the contrary, the top ten positions of Xingquan Appropriate and ICBC strategy account for about 37% of the net value. In this way, the rise and fall of the top ten positions has little impact on the net value of the whole fund. The investment is very diversified. When the market is good, you can get higher than the market average. When the market is bad, the retracement will be less than the market average. Here you can also distinguish whether the funds you hold can generate risk hedging. For Xiaobai and novices, it is easier to find diversified investments in the early stage.
7. Finally, compare the direct relevance of the funds you hold.
Of course, there will be some errors in the correlation here, because the proportion of the top ten in the net worth is different. So correlation can only be a small reference. Can't be used as a basis for decision-making.
The correlation comparison here has nothing to do with your position. It can be seen that the correlation between these four animals is still possible. Only Xingquanyi and Blue Chip have a correlation as high as 0.83, because they both hold Tencent and Bank. The rhythm of bank position adjustment is the same. But the biggest difference I have analyzed before is that Zhang Kun's blue-chip stocks are concentrated, while Xie Zhiyu's prosperity is suitable for diversified investment. There is still a big difference at this point.
But if you want to add Jing Shun at this time, please repeat it.
Jingshun Great Wall is also a concentrated shareholder. Blue-chip stocks are also concentrated. Then if the correlation reaches 0.87 at this time, it is not suitable for holding at the same time.
Summary:
1. Whether two or more funds of the same type can generate risk hedging can be compared by the performance and retracement data in the same period. If the ups and downs are consistent, you can't hedge the risk.
2. Analyze the proportion of their top ten positions in net value to judge their risk preference. Generally, the top ten positions account for more than 60% of the net value and belong to centralized shareholding. There are great ups and downs. The top ten positions account for about 30% of the net value, which is a diversified investment with little fluctuation. The retreat is small. It is relatively comfortable to hold.
3. Compare the correlation between funds. The higher the correlation, the higher the repeatability of the position. The lower the correlation, the lower the repeatability. Generally speaking, the lower the correlation of funds in a portfolio, the better.
On the market side, the rising index rose by 0.04% to close at 3442 points. Shenzhen Component Index rose by 0.28%, and Growth Enterprise Market rose by 0.54%. The net inflow of northbound funds was 3.5 billion yuan. The net inflow of southbound funds exceeded HK$ 800 million.
According to the valuation today, the yield is about +0.6%. This year's yield is about +0.7%. In the same period, the Shanghai and Shenzhen 300 was -2.3%. I didn't expect to go against the trend this afternoon. Dog heads have been preserved since this year.
Lighten positions today 1w, and Jing Shun lightened positions1w. The total amount of drugs decreased by 2w.
Jiacang 1w Appropriate jiacang 1w ICBC's strategic jiacang 2K blue chips totaled 2.2w
Recently, it is estimated that medical devices can be convex for a period of time under the demand of external stimulation, just to take this opportunity to gradually decrease. The problem is not big. I am very satisfied with my next combination. Please don't follow blindly.