Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Growth
JSJFX Fund  USD 16.61  0.02  0.12%   
The current 90-days correlation between Small Cap Growth and Avantis Large Cap is 0.55 (i.e., Very weak diversification). The correlation of Small Cap 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.

Small Cap Correlation With Market

Very poor diversification

The correlation between Small Cap Growth and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Growth 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 Small Cap Growth. 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 price.

Moving together with Small Mutual Fund

  0.84FRBAX Regional BankPairCorr
  0.84FRBCX Regional BankPairCorr
  0.91JQLMX Multimanager LifestylePairCorr
  0.89JQLBX Multimanager LifestylePairCorr
  0.88JQLAX Multimanager LifestylePairCorr
  0.91JQLCX Multimanager LifestylePairCorr
  0.88JQLGX Multimanager LifestylePairCorr
  0.92JRETX J Hancock IiPairCorr
  0.84JRGRX Regional BankPairCorr
  0.9JRLIX Retirement Living ThroughPairCorr
  0.92JROUX J Hancock IiPairCorr
  0.86JAAIX Alternative AssetPairCorr
  0.89JAAPX Alternative AssetPairCorr
  0.89JAARX Alternative AssetPairCorr
  0.89JAASX Alternative AssetPairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.92JRTKX Retirement Living ThroughPairCorr
  0.91JRTJX Retirement Living ThroughPairCorr
  0.93JAAZX Jhancock MultimanagerPairCorr
  0.93JABEX Jhancock MultimanagerPairCorr
  0.86JAAAX Alternative AssetPairCorr
  0.81PZFVX Classic ValuePairCorr
  0.89JAACX Alternative AssetPairCorr
  0.93JRTYX Multi Index 2050PairCorr
  0.87JABKX John Hancock FundsPairCorr
  0.9JABQX John Hancock FundsPairCorr
  0.97JABVX John Hancock GlobalPairCorr
  0.97JACFX John Hancock MidPairCorr
  0.89JALRX Multimanager LifestylePairCorr
  0.78JSNIX Jhancock Short DurationPairCorr
  0.75JSNRX Jhancock Short DurationPairCorr
  0.92SVBAX Balanced Fund ClassPairCorr
  0.92SVBCX Balanced Fund ClassPairCorr
  0.94JBATX Balanced Fund ClassPairCorr
  0.94JBAVX Balanced Fund ClassPairCorr

Moving against Small Mutual Fund

  0.63JTLAX Multimanager LifestylePairCorr
  0.61JCLBX Multimanager LifestylePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small Cap 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 Small Cap'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
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY