Smallcap World Correlations

Mutual Funds . USA . 
Fund . Smallcap World Fund
SFCWX Fund  USD 70.96  0.75  1.05%   
The correlation of Smallcap World 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.

Smallcap World Correlation With Market

Significant diversification

The correlation between Smallcap World Fund and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smallcap World Fund 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 Smallcap World Fund. 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 housing.

Moving together with Smallcap Mutual Fund

  0.85AMECX Income FundPairCorr
  0.72RNEBX New World FundPairCorr
  0.83AMFCX American MutualPairCorr
  0.82AMFFX American MutualPairCorr
  0.79RNCCX American Funds IncomePairCorr
  0.79AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.74RNGFX New Economy FundPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.75RNGBX New Economy FundPairCorr
  0.75RNGAX New Economy FundPairCorr
  0.75RNGEX New Economy FundPairCorr
  0.75RNGCX New Economy FundPairCorr
  0.88FPTPX American Funds ConsePairCorr
  0.75RNNEX New Economy FundPairCorr
  0.91CDJAX American Funds CollegePairCorr
  0.78AMPCX Amcap Fund ClassPairCorr
  0.77AMPFX Amcap Fund ClassPairCorr
  0.83RNPBX New PerspectivePairCorr
  0.83RNPAX New PerspectivePairCorr
  0.83RNPHX New PerspectivePairCorr
  0.83RNPGX New PerspectivePairCorr
  0.92RNPCX New PerspectivePairCorr
  0.83RNPFX New PerspectivePairCorr
  0.92RNPEX New PerspectivePairCorr
  0.79AMRMX American MutualPairCorr
  0.82AMRFX American MutualPairCorr
  0.86RNRPX American Funds RetirementPairCorr
  0.73RNWFX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Smallcap Mutual Fund performing well and Smallcap World 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 Smallcap World'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.

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