Sp 500 Correlations

Mutual Funds . USA . 
Fund . Sp 500 Index
SPXKX Fund  USD 79.64  0.11  0.14%   
The current 90-days correlation between Sp 500 Index and Large Cap Growth Profund is -0.13 (i.e., Good diversification). The correlation of Sp 500 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.

Sp 500 Correlation With Market

Almost no diversification

The correlation between Sp 500 Index and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp 500 Index 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 Sp 500 Index. 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 industry.

Moving together with SPXKX Mutual Fund

  0.97EMSLX Shelton Emerging MarketsPairCorr
  0.97EMSQX Shelton Emerging MarketsPairCorr
  0.98NQQQX Shelton FundsPairCorr
  1.0NASDX Nasdaq 100 IndexPairCorr
  0.99EQTKX Shelton E ValuePairCorr
  0.99EQTIX Shelton E ValuePairCorr
  1.0NDXKX Nasdaq 100 IndexPairCorr
  0.98NEXIX Shelton Green AlphaPairCorr
  0.99NEXTX Shelton Green AlphaPairCorr
  0.96SISEX Shelton InternationalPairCorr
  0.96SISLX Shelton InternationalPairCorr
  0.97SMCIX Sp Smallcap IndexPairCorr
  0.97SMLKX Sp Smallcap IndexPairCorr
  0.95DEBTX Shelton Tactical CreditPairCorr
  0.95DEBIX Shelton Tactical CreditPairCorr
  1.0SPFIX Sp 500 IndexPairCorr
  0.96SPMIX Sp Midcap IndexPairCorr
  0.97MIDKX Sp Midcap IndexPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.9FSMMX Fs Multi StrategyPairCorr
  0.91BTMPX Ishares Msci EafePairCorr
  0.92BTMKX Blackrock InternationalPairCorr
  0.92MDIIX Blackrock Intern IndexPairCorr
  0.61MLPNX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SPXKX Mutual Fund performing well and Sp 500 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 Sp 500'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.

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