Smallcap World Correlations

CSPAX Fund

USD 71.41 0.76 1.05%

The current 90-days correlation between Smallcap World and Qs Large Cap is -0.13 (i.e., Good diversification). The correlation of Smallcap World 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.

Smallcap World Correlation With Market

Good diversification

The correlation between Smallcap World Fund and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smallcap World Fund 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 Smallcap World Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Smallcap Mutual Fund

1.0	FSWFX	American Funds Smallcap	Pair Corr
1.0	FSFWX	American Funds Smallcap	Pair Corr
1.0	SCWCX	American Fds Smallcap	Pair Corr
1.0	SCWFX	Smallcap World	Pair Corr
1.0	SMCWX	Smallcap World	Pair Corr
1.0	CSPFX	Smallcap World	Pair Corr
1.0	CSPEX	Smallcap World	Pair Corr
1.0	RSLCX	Smallcap World	Pair Corr
1.0	RLLGX	Smallcap World	Pair Corr
0.95	PDI	Pimco Dynamic Income	Pair Corr
0.94	FTCAX	Templeton Strained Bond	Pair Corr
0.97	SIVIX	State Street Institu	Pair Corr
0.97	TEQAX	Touchstone Sustainability	Pair Corr
0.97	IAF	Aberdeen Australia	Pair Corr
0.62	MMM	3M Company Earnings Call This Week	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.68	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.71	MSFT	Microsoft	Pair Corr
0.65	PFE	Pfizer Inc	Pair Corr
0.65	GE	GE Aerospace	Pair Corr

Moving against Smallcap Mutual Fund

0.98	USPSX	Profunds Ultrashort	Pair Corr
0.98	USPIX	Profunds Ultrashort	Pair Corr
0.97	UIPIX	Ultrashort Mid Cap	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.48	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	LMUSX	FKHEMX	TMVAX	FMFTX	FLAKQX	FBJYGX	IAADX
LMUSX		0.65	0.57	0.6	0.66	0.67	0.51	LMUSX
FKHEMX	0.65		0.96	0.98	0.99	0.97	0.86	FKHEMX
TMVAX	0.57	0.96		0.97	0.96	0.92	0.86	TMVAX
FMFTX	0.6	0.98	0.97		0.97	0.95	0.86	FMFTX
FLAKQX	0.66	0.99	0.96	0.97		0.95	0.87	FLAKQX
FBJYGX	0.67	0.97	0.92	0.95	0.95		0.76	FBJYGX
IAADX	0.51	0.86	0.86	0.86	0.87	0.76		IAADX
	LMUSX	FKHEMX	TMVAX	FMFTX	FLAKQX	FBJYGX	IAADX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Smallcap Mutual Fund performing well and Smallcap World 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 Smallcap World'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LMUSX	0.88	0.06	0.07	0.30	0.75	(1.07)	2.23	(1.70)	12.78
FKHEMX	0.70	0.22	(0.02)	31.43	0.53	(0.83)	1.71	(1.39)	4.58
TMVAX	0.84	0.30	0.05	(2.67)	0.54	(1.08)	2.24	(1.29)	4.91
FMFTX	0.62	0.19	(0.08)	(3.36)	0.38	(0.72)	1.63	(0.90)	3.41
FLAKQX	0.71	0.31	0.07	(6.83)	0.41	(0.83)	1.90	(1.01)	4.16
FBJYGX	0.57	0.22	(0.04)	(3.51)	0.25	(0.71)	1.75	(1.03)	3.13
IAADX	0.15	0.00	(0.73)	0.00	0.00	(0.23)	0.34	(0.22)	0.90

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