Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Growth
GTLLX Fund  USD 25.82  0.06  0.23%   
The current 90-days correlation between Large Cap Growth and Large Cap E is 0.24 (i.e., Modest diversification). The correlation of Large Cap 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.

Large Cap Correlation With Market

Poor diversification

The correlation between Large Cap Growth and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Large Cap 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 bureau of economic analysis.

Moving together with Large Mutual Fund

  0.84GWILX Woman In LeadershipPairCorr
  0.87RESGX Responsible Esg EquityPairCorr
  0.79GLSOX Secured Options PortfolioPairCorr
  0.83GQLVX Quantitative U SPairCorr
  0.78GQSCX Quantitative U SPairCorr
  0.88GTAPX Long/short PortfolioPairCorr
  0.81GTCEX Strategic Equity PorPairCorr
  0.87GTCSX Small Cap EquityPairCorr
  0.65GTILX Large Cap GrowthPairCorr
  0.9GTLIX Large Cap CorePairCorr
  0.68GTLOX Large Cap EPairCorr
  0.68GTSOX Secured Options PortfolioPairCorr
  0.82GTSCX Small Cap EquityPairCorr
  0.88GTTMX Total Market PortfolioPairCorr
  0.87FAFGX American FundsPairCorr
  0.87FFAFX American FundsPairCorr
  0.84GFACX Growth FundPairCorr
  0.78GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.87CGFFX Growth FundPairCorr
  0.84CGFCX Growth FundPairCorr
  0.77CGFAX Growth FundPairCorr
  0.86CGFEX Growth FundPairCorr
  0.87RGAEX Growth FundPairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.91VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr

Moving against Large Mutual Fund

  0.39GTCIX International PortfolioPairCorr
  0.47VIITX Vanguard InstitutionalPairCorr
  0.34CPRSX Clarion Partners RealPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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