Total Market Correlations

GTTMX Fund

USD 21.82 0.35 1.63%

The current 90-days correlation between Total Market Portfolio and Edgewood Growth Fund is 0.12 (i.e., Average diversification). The correlation of Total Market 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.

Total Market Correlation With Market

Significant diversification

The correlation between Total Market Portfolio and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Market Portfolio and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Total Market Portfolio. 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 population.

Moving together with Total Mutual Fund

0.83	NOVIX	Glenmede International	Pair Corr
0.96	GQLVX	Quantitative U S	Pair Corr
0.94	GTAPX	Long/short Portfolio	Pair Corr
0.92	GTCEX	Strategic Equity Por	Pair Corr
0.91	GTCSX	Small Cap Equity	Pair Corr
0.89	GTILX	Large Cap Growth	Pair Corr
0.93	GTLIX	Large Cap Core	Pair Corr
0.93	GTLLX	Large Cap Growth	Pair Corr
0.93	GTLOX	Large Cap E	Pair Corr
0.91	GTLSX	Quantitative Longshort	Pair Corr
0.86	GTSOX	Secured Options Portfolio	Pair Corr
0.91	GTSCX	Small Cap Equity	Pair Corr
0.71	FLPKX	Fidelity Low Priced	Pair Corr
0.71	FLPSX	Fidelity Low Priced	Pair Corr
0.87	VMVAX	Vanguard Mid Cap	Pair Corr
0.92	JVMAX	John Hancock Disciplined	Pair Corr
0.92	JVMIX	John Hancock Disciplined	Pair Corr
0.87	VMVIX	Vanguard Mid Cap	Pair Corr
0.91	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.91	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.91	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.91	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.87	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.87	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	KINCX	Kinetics Internet	Pair Corr
0.9	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.9	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.89	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.88	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.91	WCPSX	Mobile Telecommunicatio	Pair Corr
0.88	FSRBX	Banking Portfolio Banking	Pair Corr
0.88	LGPIX	Large Cap Growth	Pair Corr
0.93	NAESX	Vanguard Small Cap	Pair Corr
0.8	GUMPX	Guggenheim Market Neutral	Pair Corr
0.89	AMEIX	Equity Growth	Pair Corr

Moving against Total Mutual Fund

0.64

GTCIX

International Portfolio

Pair Corr

Related Correlations Analysis

	EGFFX	JOHAX	VSLAX	DSENX	ETGLX
EGFFX		-0.48	0.67	0.87	0.91	EGFFX
JOHAX	-0.48		-0.58	-0.67	-0.35	JOHAX
VSLAX	0.67	-0.58		0.64	0.51	VSLAX
DSENX	0.87	-0.67	0.64		0.86	DSENX
ETGLX	0.91	-0.35	0.51	0.86		ETGLX
	EGFFX	JOHAX	VSLAX	DSENX	ETGLX

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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

ETGLX	+ 0.91	EGFFX
DSENX	+ 0.87	EGFFX
ETGLX	+ 0.86	DSENX
VSLAX	+ 0.67	EGFFX
DSENX	+ 0.64	VSLAX
ETGLX	+ 0.51	VSLAX

High negative correlations

DSENX	- 0.67	JOHAX
VSLAX	- 0.58	JOHAX
JOHAX	- 0.48	EGFFX
ETGLX	- 0.35	JOHAX

Risk-Adjusted Indicators

There is a big difference between Total Mutual Fund performing well and Total Market 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 Total Market'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
EGFFX	0.73	(0.01)	(0.02)	0.11	0.92	(0.70)	1.72	(1.79)	4.66
JOHAX	0.61	(0.16)	0.00	(0.21)	0.00	0.00	1.15	(1.62)	4.10
VSLAX	0.09	0.02	(0.53)	(0.16)	0.00	(0.39)	0.35	(0.17)	1.23
DSENX	0.54	0.04	0.01	0.18	0.47	(0.60)	0.99	(1.07)	3.02
ETGLX	0.77	(0.02)	(0.01)	0.10	0.95	(0.84)	1.72	(1.69)	4.81

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