Smallcap World Correlations

Mutual Funds . USA . 
Fund . Smallcap World Fund
RSLCX Fund  USD 67.85  0.15  0.22%   
The current 90-days correlation between Smallcap World and Fidelity Managed Retirement 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 -0.1 (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 Your Equity Center 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 signals in main economic indicators.

Moving together with Smallcap Mutual Fund

  0.78AMFCX American MutualPairCorr
  0.78AMFFX American MutualPairCorr
  0.76RNCCX American Funds IncomePairCorr
  0.76FPTPX American Funds ConsePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.76TEPFX American Funds TaxPairCorr
  1.0RNWGX New World FundPairCorr
  0.99BALFX American BalancedPairCorr
  0.85BALCX American BalancedPairCorr
  0.99FAETX American Funds 2030PairCorr
  0.99FAFGX American FundsPairCorr
  0.85GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.75SCWFX Smallcap WorldPairCorr
  0.85FBAFX American Funds AmericanPairCorr
  1.0FSWFX American Funds SmallcapPairCorr
  0.85CGFEX Growth FundPairCorr
  0.85CGFFX Growth FundPairCorr
  0.85CGFCX Growth FundPairCorr
  0.85CGFAX Growth FundPairCorr
  0.85FBONX American Funds AmericanPairCorr
  0.76RRPPX American Funds RetirementPairCorr
  1.0FCJTX American Funds 2055PairCorr
  0.99RRQPX American Funds RetirementPairCorr
  0.97RROPX American Funds RetirementPairCorr
  0.99FUNFX American Funds FundaPairCorr
  0.99CIMCX Income FundPairCorr
  0.85CIREX Capital Income BuilderPairCorr
  0.99CIRFX Capital Income BuilderPairCorr
  0.99CIRCX Capital Income BuilderPairCorr
  0.99CIRAX Capital Income BuilderPairCorr
  0.99AAETX American Funds 2030PairCorr
  0.85ABALX American BalancedPairCorr

Related Correlations Analysis

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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.

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