William Blair Correlations

LCGJX Fund

USD 31.49 0.05 0.16%

The current 90-days correlation between William Blair Large and William Blair China is 0.16 (i.e., Average diversification). The correlation of William Blair 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.

William Blair Correlation With Market

Poor diversification

The correlation between William Blair Large and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in William Blair Large. 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 inflation.

Moving together with William Mutual Fund

0.65	WRCGX	William Blair China	Pair Corr
0.92	WSMDX	William Blair Small	Pair Corr
0.92	WSMRX	William Blair Small	Pair Corr
0.89	WSMNX	William Blair Small	Pair Corr
0.92	WBCIX	William Blair Small	Pair Corr
0.88	WBCRX	William Blair Small	Pair Corr
0.99	WBGSX	William Blair Growth	Pair Corr
0.77	WBSNX	William Blair Small	Pair Corr
0.77	WBSIX	William Blair Small	Pair Corr
0.7	WBVNX	William Blair Small	Pair Corr
0.7	WBVRX	William Blair Small	Pair Corr
0.91	WVMIX	William Blair Mid	Pair Corr
0.91	WVMRX	William Blair Mid	Pair Corr
0.82	WGGNX	William Blair Global	Pair Corr
0.76	WGFIX	William Blair Global	Pair Corr
0.99	BGFRX	William Blair Growth	Pair Corr
0.99	BGFIX	William Blair Growth	Pair Corr
0.82	BGGIX	William Blair Global	Pair Corr
0.67	WICGX	William Blair China	Pair Corr

Moving against William Mutual Fund

0.35	WBIGX	William Blair Intern	Pair Corr
0.35	WBIRX	William Blair Intern	Pair Corr
0.34	WBIIX	William Blair Instit	Pair Corr
0.49	WILJX	William Blair Intern	Pair Corr
0.49	WILIX	William Blair Intern	Pair Corr
0.49	WILNX	William Blair Intern	Pair Corr
0.48	WIISX	William Blair Intern	Pair Corr
0.48	WISIX	William Blair Intern	Pair Corr
0.36	BIGIX	William Blair Intern	Pair Corr

Related Correlations Analysis

	WRCGX	WSMDX	WSMRX	WSMNX	WBCIX	WBCRX	WBELX	WBEIX	WBENX	WBIIX
WRCGX		0.52	0.52	0.53	0.53	0.55	0.89	0.72	0.71	-0.01	WRCGX
WSMDX	0.52		1.0	0.93	0.99	0.91	0.38	0.3	0.29	-0.31	WSMDX
WSMRX	0.52	1.0		0.93	0.99	0.91	0.39	0.3	0.29	-0.31	WSMRX
WSMNX	0.53	0.93	0.93		0.93	0.99	0.36	0.26	0.26	-0.34	WSMNX
WBCIX	0.53	0.99	0.99	0.93		0.93	0.4	0.3	0.29	-0.31	WBCIX
WBCRX	0.55	0.91	0.91	0.99	0.93		0.39	0.27	0.26	-0.34	WBCRX
WBELX	0.89	0.38	0.39	0.36	0.4	0.39		0.94	0.94	0.39	WBELX
WBEIX	0.72	0.3	0.3	0.26	0.3	0.27	0.94		1.0	0.61	WBEIX
WBENX	0.71	0.29	0.29	0.26	0.29	0.26	0.94	1.0		0.62	WBENX
WBIIX	-0.01	-0.31	-0.31	-0.34	-0.31	-0.34	0.39	0.61	0.62		WBIIX
	WRCGX	WSMDX	WSMRX	WSMNX	WBCIX	WBCRX	WBELX	WBEIX	WBENX	WBIIX

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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

WSMRX	+ 1.0	WSMDX
WBENX	+ 1.0	WBEIX
WBCIX	+ 0.99	WSMDX
WBCIX	+ 0.99	WSMRX
WBCRX	+ 0.99	WSMNX
WBEIX	+ 0.94	WBELX

High negative correlations

WBIIX	- 0.34	WBCRX
WBIIX	- 0.34	WSMNX
WBIIX	- 0.31	WBCIX
WBIIX	- 0.31	WSMRX
WBIIX	- 0.31	WSMDX
WBIIX	- 0.01	WRCGX

Risk-Adjusted Indicators

There is a big difference between William Mutual Fund performing well and William Blair 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 William Blair'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
WRCGX	1.36	0.11	(0.01)	(5.93)	1.44	(1.73)	4.71	(2.35)	9.42
WSMDX	0.75	0.01	0.02	0.13	0.86	(0.78)	1.59	(1.53)	5.10
WSMRX	0.76	0.01	0.02	0.13	0.86	(0.80)	1.58	(1.56)	5.08
WSMNX	0.76	0.10	(0.01)	2.68	0.89	(0.77)	1.56	(1.54)	5.06
WBCIX	0.70	0.02	0.03	0.14	0.72	(0.80)	1.54	(1.41)	4.66
WBCRX	0.71	0.12	0.00	3.52	0.77	(0.77)	1.48	(1.41)	4.71
WBELX	0.60	(0.02)	(0.14)	0.05	0.73	(0.64)	1.21	(1.11)	3.26
WBEIX	0.58	(0.07)	0.00	(0.09)	0.00	0.00	1.21	(1.26)	3.24
WBENX	0.59	(0.08)	0.00	(0.09)	0.00	0.00	1.24	(1.29)	3.40
WBIIX	0.57	(0.13)	0.00	(0.15)	0.00	0.00	1.05	(1.13)	3.57

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