Smallcap World Correlations

Mutual Funds . USA . 
Fund . Smallcap World Fund
CSPAX Fund  USD 71.20  0.27  0.38%   
The current 90-days correlation between Smallcap World and Ab Bond Inflation is 0.19 (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

Good diversification

The correlation between Smallcap World Fund and DJI is -0.06 (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 signals in nation.

Moving together with Smallcap Mutual Fund

  0.96AMFCX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.96RNCCX American Funds IncomePairCorr
  0.64FPPPX American Funds PresePairCorr
  0.96FPTPX American Funds ConsePairCorr
  0.85TEPFX American Funds TaxPairCorr
  1.0GWPAX American Funds GrowthPairCorr
  0.97GWPCX American Funds GrowthPairCorr
  0.97GWPFX American Funds GrowthPairCorr
  0.97SCWFX Smallcap WorldPairCorr
  1.0CGQGX American Funds GrowthPairCorr
  0.97CGRGX American Funds GrowthPairCorr
  0.98RRPPX American Funds RetirementPairCorr
  0.97FCJTX American Funds 2055PairCorr
  0.97RRQPX American Funds RetirementPairCorr
  0.96RROPX American Funds RetirementPairCorr
  0.97FCKTX American Funds 2060PairCorr
  0.97RBDTX American Funds 2025PairCorr
  0.97FGPGX American Funds GrowthPairCorr
  0.96REJTX American Funds 2015PairCorr
  1.0NFFFX New World FundPairCorr
  0.97AFMFX American MutualPairCorr
  0.97RIRBX Capital Income BuilderPairCorr
  0.95RIVDX American Funds InterPairCorr
  0.97CSPFX Smallcap WorldPairCorr
  1.0FPGGX American Funds GrowthPairCorr
  0.97FSWFX American Funds SmallcapPairCorr
  0.97FSFWX American Funds SmallcapPairCorr
  1.0SCWCX American Fds SmallcapPairCorr
  1.0SMCWX Smallcap WorldPairCorr
  0.97CSPEX Smallcap WorldPairCorr

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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