Capital World Correlations

Mutual Funds . USA . 
Fund . Capital World Growth
CWIFX Fund  USD 68.69  0.51  0.75%   
The current 90-days correlation between Capital World Growth and Deutsche Real Estate is 0.12 (i.e., Average diversification). The correlation of Capital 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.

Capital World Correlation With Market

Poor diversification

The correlation between Capital World Growth and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital World Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capital World Growth. 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 census.

Moving together with Capital Mutual Fund

  0.92AMECX Income FundPairCorr
  0.76RNEBX New World FundPairCorr
  0.87AMFCX American MutualPairCorr
  0.87AMFFX American MutualPairCorr
  0.89RNCCX American Funds IncomePairCorr
  0.92AMEFX Income FundPairCorr
  0.87RNGGX New Economy FundPairCorr
  0.87RNGFX New Economy FundPairCorr
  0.87RNGHX New Economy FundPairCorr
  0.87RNGBX New Economy FundPairCorr
  0.87RNGAX New Economy FundPairCorr
  0.87RNGEX New Economy FundPairCorr
  0.9FPTPX American Funds ConsePairCorr
  0.87RNNEX New Economy FundPairCorr
  0.94CDJAX American Funds CollegePairCorr
  0.83AMPCX Amcap Fund ClassPairCorr
  0.83AMPFX Amcap Fund ClassPairCorr
  0.99RNPAX New PerspectivePairCorr
  0.98RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.99RNPCX New PerspectivePairCorr
  0.98RNPFX New PerspectivePairCorr
  0.98RNPEX New PerspectivePairCorr
  0.87AMRMX American MutualPairCorr
  0.87AMRFX American MutualPairCorr
  0.86RNRPX American Funds RetirementPairCorr
  0.77RNWFX New World FundPairCorr
  0.77RNWGX New World FundPairCorr
  0.75RNWBX New World FundPairCorr
  0.76RNWCX New World FundPairCorr

Moving against Capital Mutual Fund

  0.38AMUSX Us Government SecuritiesPairCorr
  0.33ANBEX American Funds StrategicPairCorr
  0.33ANBCX American Funds StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital 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 Capital 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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