Index Fund Correlations

Mutual Funds . USA . 
Fund . Index Fund Class
WFINX Fund  USD 59.46  0.25  0.42%   
The current 90-days correlation between Index Fund Class and Eic Value Fund is 0.12 (i.e., Average diversification). The correlation of Index Fund 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.

Index Fund Correlation With Market

Almost no diversification

The correlation between Index Fund Class and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Index Fund Class 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 Index Fund Class. 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 employment.

Moving together with Index Mutual Fund

  0.83DHICX Wells Fargo AdvantagePairCorr
  0.83VMPAX Wells Fargo AdvantagePairCorr
  0.83SADAX Wells Fargo UltraPairCorr
  0.83SADIX Wells Fargo UltraPairCorr
  0.69EMGNX Wells Fargo EmergingPairCorr
  0.64EMGAX Wells Fargo EmergingPairCorr
  0.91SSHIX Wells Fargo ShortPairCorr
  0.7WABIX Wells Fargo AdvantagePairCorr
  0.85SSTHX Wells Fargo ShortPairCorr
  0.92SSTVX Wells Fargo ShortPairCorr
  0.96WSCGX Small Pany GrowthPairCorr
  0.94WSCOX Wells Fargo AdvantagePairCorr
  0.85WSBIX Short Term MunicipalPairCorr
  0.68WARAX Wells Fargo AdvantagePairCorr
  0.7WARCX Wells Fargo AdvantagePairCorr
  0.94STAFX Wells Fargo LargePairCorr
  0.83WSGIX Wells Fargo ShortPairCorr
  0.98STDFX Wells Fargo LargePairCorr
  0.87WSIAX Wells Fargo StrategicPairCorr
  0.89WSINX Wells Fargo StrategicPairCorr
  0.84WSMAX Short Term MunicipalPairCorr
  0.86WSSCX Short Term MunicipalPairCorr
  0.81STRIX Wells Fargo AdvantagePairCorr
  0.63STYAX Wells Fargo IncomePairCorr
  0.86STYIX Wells Fargo ShortPairCorr
  0.95SCNSX Wells Fargo MonPairCorr
  0.95SCSAX Wells Fargo MonPairCorr
  0.94SCVAX Small Pany ValuePairCorr
  0.94SCVNX Small Pany ValuePairCorr
  0.7WCAFX Wealthbuilder ConservativePairCorr
  0.73WCCFX Wealthbuilder ConservativePairCorr
  0.76WCYFX Wells Fargo WealthbuilderPairCorr
  0.85WUSNX Allspring Ultra ShortPairCorr
  0.7IPBAX Inflation ProtectedPairCorr
  0.73IPBNX Wells Fargo RealPairCorr
  0.96SENAX Wells Fargo EnterprisePairCorr

Moving against Index Mutual Fund

  0.37STNFX Wells Fargo LargePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Index Mutual Fund performing well and Index Fund 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 Index Fund'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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