Smallcap World Correlations

CSPAX Fund

USD 70.52 0.51 0.73%

The current 90-days correlation between Smallcap World and Champlain Mid Cap is 0.1 (i.e., Average 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

Significant diversification

The correlation between Smallcap World Fund and DJI is 0.04 (i.e., Significant 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
0.77	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VSMPX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.77	VFIAX	Vanguard 500 Index	Pair Corr
0.77	VINIX	Vanguard Institutional	Pair Corr
0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.63	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Smallcap Mutual Fund

0.39

JNJ

Johnson Johnson Sell-off Trend

Pair Corr

Related Correlations Analysis

	CIPMX	NGISX	LANIX	GGOCX	EIPIX	TEGAX	PQUAX
CIPMX		0.92	0.92	0.96	0.93	0.97	0.98	CIPMX
NGISX	0.92		0.99	0.94	0.88	0.95	0.92	NGISX
LANIX	0.92	0.99		0.94	0.87	0.94	0.92	LANIX
GGOCX	0.96	0.94	0.94		0.96	1.0	0.97	GGOCX
EIPIX	0.93	0.88	0.87	0.96		0.96	0.93	EIPIX
TEGAX	0.97	0.95	0.94	1.0	0.96		0.97	TEGAX
PQUAX	0.98	0.92	0.92	0.97	0.93	0.97		PQUAX
	CIPMX	NGISX	LANIX	GGOCX	EIPIX	TEGAX	PQUAX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CIPMX	0.65	0.02	0.01	0.15	0.71	(0.69)	1.24	(1.23)	4.05
NGISX	0.55	0.00	(0.03)	0.12	0.65	(0.63)	1.14	(1.34)	3.68
LANIX	0.50	(0.02)	(0.07)	0.10	0.53	(0.55)	0.99	(0.87)	3.06
GGOCX	0.76	0.18	0.20	0.30	0.47	(1.01)	2.01	(1.04)	4.56
EIPIX	0.57	0.16	0.11	0.48	0.38	(0.68)	1.26	(0.98)	2.96
TEGAX	0.78	0.11	0.14	0.23	0.59	(0.91)	1.98	(1.17)	4.78
PQUAX	0.89	0.03	0.07	0.15	0.84	(0.94)	1.91	(1.49)	6.52

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