William Blair Correlations

WBIIX Fund

USD 14.90 0.08 0.54%

The current 90-days correlation between William Blair Instit and Bbh Intermediate Municipal is -0.11 (i.e., Good 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

Very weak diversification

The correlation between William Blair Institutional and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Institutional and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in William Blair Institutional. 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 William Mutual Fund

0.61	WBEIX	William Blair Emerging	Pair Corr
0.62	WBENX	William Blair Emerging	Pair Corr
1.0	WBIGX	William Blair Intern	Pair Corr
1.0	WBIRX	William Blair Intern	Pair Corr
0.72	WESNX	William Blair Emerging	Pair Corr
0.73	WESJX	William Blair Emerging	Pair Corr
0.71	BESIX	William Blair Emerging	Pair Corr
0.69	WXCIX	William Blair Emerg	Pair Corr
0.69	WXCRX	William Blair Emerg	Pair Corr
0.94	WIISX	William Blair Intern	Pair Corr
0.92	BIGIX	William Blair Intern	Pair Corr
0.98	WILJX	William Blair Intern	Pair Corr
0.98	WILIX	William Blair Intern	Pair Corr

Moving against William Mutual Fund

0.37	WBSIX	William Blair Small	Pair Corr
0.36	WBSNX	William Blair Small	Pair Corr
0.34	WSMNX	William Blair Small	Pair Corr
0.34	WBCRX	William Blair Small	Pair Corr
0.34	WVMIX	William Blair Mid	Pair Corr
0.34	WVMRX	William Blair Mid	Pair Corr
0.33	WBSRX	William Blair Small	Pair Corr
0.32	WBGSX	William Blair Growth	Pair Corr
0.31	WSMDX	William Blair Small	Pair Corr
0.31	WSMRX	William Blair Small	Pair Corr
0.31	WBCIX	William Blair Small	Pair Corr
0.38	LCGFX	William Blair Large	Pair Corr
0.34	LCGJX	William Blair Large	Pair Corr
0.34	LCGNX	William Blair Large	Pair Corr
0.33	ICSCX	Icm Small Pany	Pair Corr
0.32	BGFRX	William Blair Growth	Pair Corr
0.32	BGFIX	William Blair Growth	Pair Corr

Related Correlations Analysis

	BBINX	FHYVX	ICAXX	GABTX	FACCX	ABIMX
BBINX		0.87	0.0	-0.16	0.93	0.98	BBINX
FHYVX	0.87		0.0	0.23	0.68	0.89	FHYVX
ICAXX	0.0	0.0		0.0	0.0	0.0	ICAXX
GABTX	-0.16	0.23	0.0		-0.47	-0.13	GABTX
FACCX	0.93	0.68	0.0	-0.47		0.92	FACCX
ABIMX	0.98	0.89	0.0	-0.13	0.92		ABIMX
	BBINX	FHYVX	ICAXX	GABTX	FACCX	ABIMX

Click cells to compare fundamentals

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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

ABIMX	+ 0.98	BBINX
FACCX	+ 0.93	BBINX
ABIMX	+ 0.92	FACCX
ABIMX	+ 0.89	FHYVX
FHYVX	+ 0.87	BBINX
FACCX	+ 0.68	FHYVX

High negative correlations

FACCX	- 0.47	GABTX
GABTX	- 0.16	BBINX
ABIMX	- 0.13	GABTX
ABIMX	- 0.0	ICAXX
FACCX	- 0.0	ICAXX
GABTX	- 0.0	ICAXX

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
BBINX	0.11	(0.01)	(0.44)	(0.23)	0.16	(0.18)	0.29	(0.29)	1.07
FHYVX	0.16	0.00	(0.25)	0.20	0.22	(0.25)	0.34	(0.44)	1.88
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GABTX	0.52	0.07	(0.08)	(3.17)	0.49	(0.60)	1.10	(1.00)	3.22
FACCX	0.15	(0.02)	0.00	(0.31)	0.00	0.00	0.39	(0.39)	1.48
ABIMX	0.18	(0.01)	(0.28)	(0.01)	0.28	(0.23)	0.40	(0.50)	1.73

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