Baird Smallcap Correlations

Mutual Funds . USA . 
Fund . Baird Smallcap Value
BSVIX Fund  USD 14.23  0.17  1.21%   
The current 90-days correlation between Baird Smallcap Value and Baird Smallcap Value is 1.0 (i.e., No risk reduction). The correlation of Baird Smallcap 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.

Baird Smallcap Correlation With Market

Poor diversification

The correlation between Baird Smallcap Value and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Smallcap Value 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 Baird Smallcap Value. 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 gross domestic product.

Moving together with Baird Mutual Fund

  0.71BSBIX Baird Short TermPairCorr
  0.71BSBSX Baird Short TermPairCorr
  1.0BSVSX Baird Smallcap ValuePairCorr
  0.66BTMSX Baird Short TermPairCorr
  0.66BTMIX Baird Short TermPairCorr
  0.75BUBIX Baird Ultra ShortPairCorr
  0.77BUBSX Baird Ultra ShortPairCorr
  0.63BMBSX Baird Quality IntermPairCorr
  0.95BMDSX Baird MidcapPairCorr
  0.96BMDIX Baird MidcapPairCorr
  0.92CCGIX Chautauqua Global GrowthPairCorr
  0.93CCGSX Chautauqua Global GrowthPairCorr
  0.83CCWIX Chautauqua InternationalPairCorr
  0.83CCWSX Chautauqua InternationalPairCorr
  0.77VSGAX Vanguard Small CapPairCorr
  0.77VSGIX Vanguard Small CapPairCorr
  0.77VISGX Vanguard Small CapPairCorr
  0.74VEXPX Vanguard ExplorerPairCorr
  0.75VEXRX Vanguard ExplorerPairCorr
  0.87JGMIX Janus TritonPairCorr
  0.87JGMRX Janus TritonPairCorr
  0.87JGMAX Janus TritonPairCorr
  0.87JGMCX Janus TritonPairCorr
  0.87JGMNX Janus TritonPairCorr
  0.76SMPIX Semiconductor UltrasectorPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Baird Mutual Fund performing well and Baird Smallcap 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 Baird Smallcap'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BAGIX  0.15  0.02 (0.22) 0.63  0.00 
(0.20)
 0.30 
(0.30)
 0.61 
BAGSX  0.14  0.02 (0.21) 0.86  0.00 
(0.20)
 0.29 
(0.29)
 0.68 
BSBIX  0.05  0.01 (0.45)(2.59) 0.00 
(0.11)
 0.11 
(0.10)
 0.31 
BSBSX  0.05  0.01 (0.44)(1.42) 0.00 
(0.11)
 0.11 
(0.10)
 0.31 
BSGSX  0.76 (0.06)(0.07) 0.00  0.89 
(0.85)
 1.32 
(1.29)
 5.86 
BSGIX  0.76 (0.06)(0.07) 0.00  0.89 
(0.85)
 1.29 
(1.32)
 5.86 
BSNSX  0.05  0.02  0.00  1.53  0.00 
 0.00 
 0.10 
(0.10)
 0.19 
BSNIX  0.05  0.02  0.00  2.13  0.00 
 0.00 
 0.10 
(0.10)
 0.38 
BSVSX  1.30  0.12  0.11  0.14  1.13 
(1.74)
 2.24 
(2.53)
 16.57 
BSVIX  1.30  0.11  0.11  0.14  1.11 
(1.73)
 2.29 
(2.50)
 16.35 

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
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY