Clearbridge Small Correlations

LGASX Fund

USD 60.47 0.83 1.39%

The current 90-days correlation between Clearbridge Small Cap and Siit High Yield is 0.66 (i.e., Poor diversification). The correlation of Clearbridge Small 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.

Clearbridge Small Correlation With Market

Almost no diversification

The correlation between Clearbridge Small Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Clearbridge Small Cap. 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 state.

Moving together with CLEARBRIDGE Mutual Fund

0.69	SAGCX	Clearbridge Aggressive	Pair Corr
0.62	LGFEX	Qs International Equity	Pair Corr
0.81	SAPCX	Clearbridge Appreciation	Pair Corr
0.85	LGSCX	Qs Small Capitalization	Pair Corr
0.8	WAGIX	Western Asset Global	Pair Corr
0.87	SBCLX	Qs Defensive Growth	Pair Corr
0.85	WAHSX	Western Asset High	Pair Corr
0.74	SBICX	Clearbridge International	Pair Corr
0.61	SBILX	Western Asset Porate	Pair Corr
0.88	SBMLX	Clearbridge Mid Cap	Pair Corr
0.89	SBPLX	Clearbridge Dividend	Pair Corr
0.84	SBSDX	Qs Sp 500	Pair Corr
0.87	WAYRX	Western Asset High	Pair Corr
0.86	SCBCX	Qs Servative Growth	Pair Corr
0.85	SCGCX	Qs Moderate Growth	Pair Corr

Related Correlations Analysis

	SGYAX	DSDYX	BXECX	MSTBX	ANBIX	GHVIX	ABNTX	AAEZX
SGYAX		0.19	0.0	0.35	0.21	0.94	0.21	0.94	SGYAX
DSDYX	0.19		0.0	0.81	0.78	0.19	0.78	0.19	DSDYX
BXECX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BXECX
MSTBX	0.35	0.81	0.0		0.89	0.49	0.89	0.27	MSTBX
ANBIX	0.21	0.78	0.0	0.89		0.36	1.0	0.19	ANBIX
GHVIX	0.94	0.19	0.0	0.49	0.36		0.37	0.87	GHVIX
ABNTX	0.21	0.78	0.0	0.89	1.0	0.37		0.19	ABNTX
AAEZX	0.94	0.19	0.0	0.27	0.19	0.87	0.19		AAEZX
	SGYAX	DSDYX	BXECX	MSTBX	ANBIX	GHVIX	ABNTX	AAEZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ABNTX	+ 1.0	ANBIX
GHVIX	+ 0.94	SGYAX
AAEZX	+ 0.94	SGYAX
ANBIX	+ 0.89	MSTBX
ABNTX	+ 0.89	MSTBX
AAEZX	+ 0.87	GHVIX

High negative correlations

AAEZX	- 0.0	BXECX
ABNTX	- 0.0	BXECX
GHVIX	- 0.0	BXECX
ANBIX	- 0.0	BXECX
MSTBX	- 0.0	BXECX
BXECX	- 0.0	DSDYX

Risk-Adjusted Indicators

There is a big difference between CLEARBRIDGE Mutual Fund performing well and Clearbridge Small 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 Clearbridge Small'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
SGYAX	0.22	0.00	0.01	0.01	0.30	(0.30)	0.58	(0.57)	1.31
DSDYX	0.21	(0.01)	0.00	0.11	0.29	(0.21)	0.49	(0.44)	1.32
BXECX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTBX	0.12	0.01	0.06	(0.31)	0.00	(0.18)	0.21	(0.21)	0.82
ANBIX	0.21	0.00	0.01	0.04	0.25	(0.23)	0.48	(0.48)	1.35
GHVIX	0.28	0.02	0.04	0.07	0.40	(0.30)	0.64	(0.91)	2.72
ABNTX	0.21	0.00	0.01	0.09	0.25	(0.24)	0.49	(0.48)	1.38
AAEZX	0.30	(0.01)	(0.01)	(0.05)	0.49	(0.34)	0.73	(0.81)	2.16

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