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Phoenix



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S&P/Case-Shiller® Phoenix Home Price Index

<IMG SRC="images/teaser-fpo.jpg" WIDTH=450 HEIGHT=1000 usemap="#home" BORDER=0> Phoenix Housing vs. Asset Classes, Monthly

1 YEAR
  Correlation Return Volatility Sharpe*
S&P/CSI 1.00 -18.23% 1.26% -1.81
Bonds -0.85 12.27% 1.23% 3.18
Commodities -0.92 41.41% 3.42% 0.09
REITs 0.94 -27.37% 4.86% -0.01
Stocks 0.69 -3.19% 3.60% 1.63
         
3 YEAR
  Correlation Return Volatility Sharpe*
S&P/CSI 1.00 15.80% 2.27% 0.69
Bonds -0.52 18.01% 1.13% 1.22
Commodities 0.46 34.83% 5.39% 0.39
REITs 0.40 11.88% 4.51% 0.76
Stocks -0.29 16.71% 2.52% 1.77
         
5 YEAR
  Correlation Return Volatility Sharpe*
S&P/CSI 1.00 53.77% 1.84% 0.74
Bonds -0.39 26.79% 1.41% 1.12
Commodities 0.25 90.25% 5.34% 0.83
REITs 0.30 68.70% 4.65% 0.91
Stocks -0.07 53.91% 2.71% 0.82
         
10 YEAR
  Correlation Return Volatility Sharpe*
S&P/CSI 1.00 107.83% 1.31% 0.73
Bonds -0.34 81.53% 1.38% 1.20
Commodities 0.18 151.29% 5.17% 0.55
REITs 0.30 31.19% 4.29% 0.46
Stocks 0.10 43.12% 3.65% 0.28

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*Sharpe Ratio is calculated by taking the excess returns (average, rolling 12-month return) above/below the risk-free rate (average 3-month US Treasury Bill yield), and dividing by volatility (standard deviation of average, rolling 12-month return).


Phoenix
Maricopa, AZ
Pinal, AZ

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