Sit Small Correlations

SSCDX Fund

USD 18.75 0.17 0.90%

The current 90-days correlation between Sit Small Cap and Vanguard Financials Index is 0.71 (i.e., Poor diversification). The correlation of Sit 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.

Sit Small Correlation With Market

Poor diversification

The correlation between Sit Small Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Small Cap 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 Sit 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 consumer price index.

Moving together with Sit Mutual Fund

0.8	GDGIX	Sit Global Dividend	Pair Corr
0.8	GDGSX	Sit Global Dividend	Pair Corr
0.64	SSMGX	Sit Small Cap	Pair Corr
0.81	SDFSX	Sit Small Cap	Pair Corr
0.62	SDVSX	Sit Dividend Growth	Pair Corr
0.62	SDVGX	Sit Dividend Growth	Pair Corr
0.71	SESGX	Sit Esg Growth	Pair Corr
0.68	NBNGX	Sit Mid Cap	Pair Corr
0.65	SIBAX	Sit Balanced	Pair Corr
0.71	IESGX	Sit Esg Growth	Pair Corr
0.65	SNIGX	Sit Large Cap	Pair Corr
0.69	SNGRX	Sit International Growth	Pair Corr
0.92	VSMAX	Vanguard Small Cap	Pair Corr
0.72	VSCIX	Vanguard Small Cap	Pair Corr
0.92	VSCPX	Vanguard Small Cap	Pair Corr
0.92	NAESX	Vanguard Small Cap	Pair Corr
0.94	FSSNX	Fidelity Small Cap	Pair Corr
0.92	DFSTX	Us Small Cap	Pair Corr
0.89	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.89	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.79	SSEYX	State Street Equity	Pair Corr

Moving against Sit Mutual Fund

0.35

XNBHX

Neuberger Berman Int

Pair Corr

Related Correlations Analysis

	VFAIX	FTIXX	ICFAX	BTO	XFINX	GCFSX	FIKBX	MCBXX
VFAIX		0.0	0.67	0.88	0.49	0.63	0.96	0.0	VFAIX
FTIXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FTIXX
ICFAX	0.67	0.0		0.51	0.67	0.83	0.78	0.0	ICFAX
BTO	0.88	0.0	0.51		0.33	0.37	0.82	0.0	BTO
XFINX	0.49	0.0	0.67	0.33		0.65	0.54	0.0	XFINX
GCFSX	0.63	0.0	0.83	0.37	0.65		0.77	0.0	GCFSX
FIKBX	0.96	0.0	0.78	0.82	0.54	0.77		0.0	FIKBX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MCBXX
	VFAIX	FTIXX	ICFAX	BTO	XFINX	GCFSX	FIKBX	MCBXX

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

FIKBX	+ 0.96	VFAIX
BTO	+ 0.88	VFAIX
GCFSX	+ 0.83	ICFAX
FIKBX	+ 0.82	BTO
FIKBX	+ 0.78	ICFAX
FIKBX	+ 0.77	GCFSX

High negative correlations

MCBXX	- 0.0	FIKBX
MCBXX	- 0.0	GCFSX
MCBXX	- 0.0	XFINX
MCBXX	- 0.0	BTO
MCBXX	- 0.0	ICFAX
MCBXX	- 0.0	FTIXX

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit 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 Sit 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
VFAIX	0.66	(0.04)	(0.04)	0.03	0.94	(0.66)	1.33	(1.73)	4.28
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICFAX	0.89	0.15	0.21	0.20	0.48	(1.30)	1.58	(1.16)	14.10
BTO	0.98	(0.05)	(0.02)	0.02	1.54	(0.94)	1.91	(2.10)	7.11
XFINX	0.13	(0.01)	(0.20)	(0.19)	0.25	(0.15)	0.22	(0.21)	1.44
GCFSX	0.55	0.08	0.04	0.63	0.57	(0.65)	1.39	(1.04)	3.52
FIKBX	0.69	(0.02)	(0.01)	0.05	1.01	(0.72)	1.55	(1.65)	5.55
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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