William Blair Correlations

WBVNX Fund

USD 32.92 0.52 1.60%

The current 90-days correlation between William Blair Small and William Blair Small Mid is 0.86 (i.e., Very poor 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 poor diversification

The correlation between William Blair Small and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Small 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 Small. 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 board of governors.

Moving together with William Mutual Fund

0.88	WSMDX	William Blair Small	Pair Corr
0.88	WSMRX	William Blair Small	Pair Corr
0.82	WSMNX	William Blair Small	Pair Corr
0.86	WBCIX	William Blair Small	Pair Corr
0.78	WBCRX	William Blair Small	Pair Corr
0.76	WBGSX	William Blair Growth	Pair Corr
0.9	WBSNX	William Blair Small	Pair Corr
0.9	WBSIX	William Blair Small	Pair Corr
0.96	WBSRX	William Blair Small	Pair Corr
1.0	WBVRX	William Blair Small	Pair Corr
0.88	WVMIX	William Blair Mid	Pair Corr
0.88	WVMRX	William Blair Mid	Pair Corr
0.76	BGFRX	William Blair Growth	Pair Corr
0.76	BGFIX	William Blair Growth	Pair Corr

Moving against William Mutual Fund

0.34	WILJX	William Blair Intern	Pair Corr
0.34	WILIX	William Blair Intern	Pair Corr
0.34	WILNX	William Blair Intern	Pair Corr
0.34	WISNX	William Blair Intern	Pair Corr
0.33	WIISX	William Blair Intern	Pair Corr
0.33	WISIX	William Blair Intern	Pair Corr

Related Correlations Analysis

	WSMDX	WSMNX	WBCIX	WBGSX	WBIIX	WBIGX	WBSNX	WBSIX	WBSRX	WBVNX
WSMDX		0.93	0.99	0.96	-0.31	-0.31	0.89	0.89	0.96	0.88	WSMDX
WSMNX	0.93		0.93	0.92	-0.34	-0.34	0.95	0.96	0.89	0.82	WSMNX
WBCIX	0.99	0.93		0.96	-0.31	-0.31	0.87	0.87	0.94	0.86	WBCIX
WBGSX	0.96	0.92	0.96		-0.32	-0.32	0.82	0.82	0.87	0.76	WBGSX
WBIIX	-0.31	-0.34	-0.31	-0.32		1.0	-0.36	-0.37	-0.33	-0.27	WBIIX
WBIGX	-0.31	-0.34	-0.31	-0.32	1.0		-0.37	-0.37	-0.34	-0.28	WBIGX
WBSNX	0.89	0.95	0.87	0.82	-0.36	-0.37		1.0	0.92	0.9	WBSNX
WBSIX	0.89	0.96	0.87	0.82	-0.37	-0.37	1.0		0.92	0.9	WBSIX
WBSRX	0.96	0.89	0.94	0.87	-0.33	-0.34	0.92	0.92		0.96	WBSRX
WBVNX	0.88	0.82	0.86	0.76	-0.27	-0.28	0.9	0.9	0.96		WBVNX
	WSMDX	WSMNX	WBCIX	WBGSX	WBIIX	WBIGX	WBSNX	WBSIX	WBSRX	WBVNX

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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

WBIGX	+ 1.0	WBIIX
WBSIX	+ 1.0	WBSNX
WBCIX	+ 0.99	WSMDX
WBGSX	+ 0.96	WSMDX
WBSRX	+ 0.96	WSMDX
WBSIX	+ 0.96	WSMNX

High negative correlations

WBSIX	- 0.37	WBIGX
WBSNX	- 0.37	WBIGX
WBSIX	- 0.37	WBIIX
WBSNX	- 0.36	WBIIX
WBSRX	- 0.34	WBIGX
WBIGX	- 0.34	WSMNX

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
WSMDX	0.75	0.01	0.02	0.13	0.86	(0.78)	1.59	(1.53)	5.10
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
WBGSX	0.72	(0.01)	0.00	0.11	0.91	(0.78)	1.51	(1.75)	4.98
WBIIX	0.57	(0.13)	0.00	(0.15)	0.00	0.00	1.05	(1.13)	3.57
WBIGX	0.57	(0.13)	0.00	(0.15)	0.00	0.00	1.03	(1.07)	3.55
WBSNX	0.92	0.11	0.00	0.96	1.08	(0.96)	1.88	(1.79)	6.84
WBSIX	0.92	0.11	0.00	0.98	1.11	(0.96)	1.87	(1.78)	6.83
WBSRX	0.92	(0.01)	0.03	0.11	0.99	(0.96)	1.87	(1.80)	6.83
WBVNX	0.92	(0.06)	0.00	0.08	0.83	(1.10)	1.94	(1.63)	7.52

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