Wilshire 5000 Correlations

Mutual Funds . USA . 
Fund . Wilshire 5000 Index
WINDX Fund  USD 33.77  0.17  0.50%   
The current 90-days correlation between Wilshire 5000 Index and Touchstone Small Cap is 0.75 (i.e., Poor diversification). The correlation of Wilshire 5000 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.

Wilshire 5000 Correlation With Market

Weak diversification

The correlation between Wilshire 5000 Index and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilshire 5000 Index 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 Wilshire 5000 Index. 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 unemployment.

Moving together with Wilshire Mutual Fund

  0.94WSMGX Small Pany GrowthPairCorr
  0.7WSMVX Small Pany ValuePairCorr
  1.0WFIVX Wilshire 5000 IndexPairCorr
  0.64WIORX Wilshire Income OpportPairCorr
  0.62WIOPX Wilshire Income OpportPairCorr
  0.81WLCGX Large Pany GrowthPairCorr
  0.67WLCVX Large Pany ValuePairCorr
  0.68DTLGX Wilshire LargePairCorr
  0.66DTLVX Large Pany ValuePairCorr
  0.7DTSVX Small Pany ValuePairCorr
  0.94DTSGX Small Pany GrowthPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.87VTSMX Vanguard Total StockPairCorr
  0.87VITSX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.83VFINX Vanguard 500 IndexPairCorr
  0.83VFFSX Vanguard 500 IndexPairCorr
  0.9VINIX Vanguard InstitutionalPairCorr
  0.9VIIIX Vanguard InstitutionalPairCorr
  0.67WHIYX Ivy High IncomePairCorr
  0.78IVHIX Ivy High IncomePairCorr
  0.78IHIFX Ivy High IncomePairCorr
  0.76WRHIX Ivy High IncomePairCorr
  0.75WHIAX Ivy High IncomePairCorr
  0.86VGOSX Voya Large CapPairCorr
  0.85GAB Gabelli Equity TrustPairCorr
  0.91HIBCX Hartford Capital AppPairCorr
  0.86HMXAX Alphacentric HedgedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilshire Mutual Fund performing well and Wilshire 5000 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 Wilshire 5000'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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