Growth Fund Correlations

Mutual Funds USA . 
Fund . Growth Fund Growth
VCULX Fund  USD 18.23  0.04  0.22%   
The current 90-days correlation between Growth Fund Growth and Mid Cap Index is 0.78 (i.e., Poor diversification). The correlation of Growth Fund 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.

Growth Fund Correlation With Market

Very poor diversification

The correlation between Growth Fund Growth and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Growth Fund Growth. 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 bureau of economic analysis.

Moving together with Growth Mutual Fund

  0.99VCAAX Asset AllocationPairCorr
  1.0VCNIX Nasdaq 100 IndexPairCorr
  0.94VVSCX Valic Company IPairCorr
  0.86VGREX Global Real EstatePairCorr
  0.99VLCGX Large Capital GrowthPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.98SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.96SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.94TTEEX T Rowe PricePairCorr
  0.94TREMX T Rowe PricePairCorr
  0.99FIKGX Fidelity Advisor SemPairCorr
  0.99ONERX One Rock Fund Steady GrowthPairCorr
  0.99FELCX Fidelity Advisor SemPairCorr
  0.99FELIX Fidelity Advisor SemPairCorr
  0.99FSELX Fidelity Select SemiPairCorr
  0.97FELAX Fidelity Advisor SemPairCorr
  0.83LSIIX Loomis Sayles InvestmentPairCorr
  0.97FTZFX Fuller Thaler BehavioralPairCorr
  0.98GGNPX Goldman Sachs HighPairCorr
  0.99CBLAX Columbia BalancedPairCorr
  0.98JECIX John Hancock VarPairCorr
  0.8GLEAX Goldman Sachs MlpPairCorr
  1.0OPTIX Oppenheimer CapitalPairCorr
  0.97VEVFX Vanguard Explorer ValuePairCorr
  0.95PNRZX Pgim Jennison NaturalPairCorr
  0.99BLARX Lord Abbett BalancedPairCorr
  0.97ANVHX American Century NonPairCorr
  0.98OAZMX Oakmark Fund R6PairCorr
  0.99WEGRX Allspring Emerging GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Fund 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 Growth Fund'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
VMIDX  0.76  0.08  0.07  0.24  0.76 
(0.87)
 2.16 
(1.56)
 6.18 
VMSGX  0.80  0.17  0.16  0.34  0.60 
(0.95)
 2.37 
(1.36)
 5.47 
VAPPX  0.90  0.27  0.06 (1.07) 0.99 
(1.04)
 2.27 
(1.62)
 5.92 
VSRDX  0.73  0.24  0.04 (1.06) 0.75 
(0.85)
 1.92 
(1.71)
 4.31 
VSTIX  0.67  0.11  0.10  0.28  0.54 
(0.80)
 2.02 
(1.12)
 4.86 
VSSVX  0.98 (0.01) 0.00  0.15  0.99 
(1.12)
 2.38 
(1.75)
 6.32 
VBCVX  0.61  0.05  0.03  0.23  0.50 
(0.71)
 1.64 
(1.09)
 3.91 
VCAAX  0.44  0.07  0.00  0.27  0.32 
(0.55)
 1.37 
(0.85)
 3.15 
VCBDX  0.25  0.02 (0.45)(0.43) 0.22 
(0.32)
 0.52 
(0.42)
 1.46 
VCBCX  0.84  0.16  0.15  0.32  0.70 
(1.02)
 2.43 
(1.40)
 5.66 

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