Baird Smallcap Correlations

Mutual Funds . USA . 
Fund . Baird Smallcap Value
BSVIX Fund  USD 16.52  0.09  0.54%   
The current 90-days correlation between Baird Smallcap Value and Baird Aggregate Bond is 0.14 (i.e., Average diversification). The correlation of Baird Smallcap 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.

Baird Smallcap Correlation With Market

Very poor diversification

The correlation between Baird Smallcap Value and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Smallcap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baird Smallcap Value. 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 gross domestic product.

Moving together with Baird Mutual Fund

  0.65BAGIX Baird Aggregate BondPairCorr
  0.62BAGSX Baird Aggregate BondPairCorr
  0.84BSBIX Baird Short TermPairCorr
  0.74BSGSX Baird Smallmid CapPairCorr
  0.74BSGIX Baird Smallmid CapPairCorr
  0.93BSNSX Baird Strategic MunicipalPairCorr
  0.93BSNIX Baird Strategic MunicipalPairCorr
  0.94BTMSX Baird Short TermPairCorr
  0.72BTMIX Baird Short TermPairCorr
  0.67BUBIX Baird Ultra ShortPairCorr
  0.69BCOSX Baird E PlusPairCorr
  0.92BUBSX Baird Ultra ShortPairCorr
  0.72BIMSX Baird Intermediate BondPairCorr
  0.73BIMIX Baird Intermediate BondPairCorr
  0.93BMBSX Baird Quality IntermPairCorr
  0.76BMBIX Baird Quality IntermPairCorr
  0.96BMDSX Baird MidcapPairCorr
  0.76BMDIX Baird MidcapPairCorr
  0.91BMNSX Baird E IntermediatePairCorr
  0.92BMNIX Baird E IntermediatePairCorr
  0.72BMQSX Baird Municipal BondPairCorr
  0.82BMQIX Baird Municipal BondPairCorr
  0.92CCGIX Chautauqua Global GrowthPairCorr
  0.74CCGSX Chautauqua Global GrowthPairCorr
  0.88CCWIX Chautauqua InternationalPairCorr
  0.88CCWSX Chautauqua InternationalPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.99JGMIX Janus TritonPairCorr
  0.99JGMRX Janus TritonPairCorr
  0.99JGMAX Janus TritonPairCorr
  0.99JGMCX Janus TritonPairCorr
  0.99JGMNX Janus TritonPairCorr
  0.98FTYPX Fidelity Freedom IndexPairCorr

Moving against Baird Mutual Fund

  0.35GABFX Gmo Asset AllocationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Smallcap 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 Baird Smallcap'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BAGIX  0.24  0.01 (0.36) 0.26  0.20 
(0.31)
 0.52 
(0.41)
 1.24 
BAGSX  0.25  0.01 (0.33) 0.24  0.23 
(0.28)
 0.50 
(0.49)
 1.10 
BSBIX  0.07  0.02 (0.83)(0.94) 0.00 
(0.12)
 0.11 
(0.11)
 0.42 
BSBSX  0.09  0.01 (0.89)(3.50) 0.00 
(0.13)
 0.21 
(0.11)
 0.42 
BSGSX  0.64  0.19  0.05 (1.12) 0.55 
(0.82)
 1.81 
(1.45)
 5.91 
BSGIX  0.64  0.19  0.05 (1.14) 0.55 
(0.77)
 1.78 
(1.47)
 5.92 
BSNSX  0.10  0.01 (0.71) 0.53  0.00 
(0.13)
 0.20 
(0.20)
 0.60 
BSNIX  0.09  0.01 (0.74) 0.70  0.00 
(0.13)
 0.20 
(0.10)
 0.59 
BSVSX  0.95  0.38  0.20 (1.79) 0.72 
(1.15)
 2.16 
(1.29)
 6.99 
BSVIX  0.97  0.14  0.13  0.26  0.89 
(1.10)
 2.20 
(1.75)
 7.06 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY