Total Market Correlations

Mutual Funds . USA . 
Fund . Total Market Portfolio
GTTMX Fund  USD 18.34  0.43  2.40%   
The current 90-days correlation between Total Market Portfolio and Edgewood Growth Fund is 0.66 (i.e., Poor diversification). The correlation of Total Market 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.

Total Market Correlation With Market

Poor diversification

The correlation between Total Market Portfolio and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Market Portfolio 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 Total Market Portfolio. 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 population.

Moving together with Total Mutual Fund

  0.71NOVIX Glenmede InternationalPairCorr
  0.74GEQIX Equity Income PortfolioPairCorr
  0.99GWILX Woman In LeadershipPairCorr
  0.92RESGX Responsible Esg EquityPairCorr
  0.9GLSOX Secured Options PortfolioPairCorr
  0.93GQLVX Quantitative U SPairCorr
  0.69GQSCX Quantitative U SPairCorr
  0.93GTAPX Longshort PortfolioPairCorr
  0.91GTCEX Strategic Equity PorPairCorr
  0.75GTCSX Small Cap EquityPairCorr
  0.95GTILX Large Cap GrowthPairCorr
  0.97GTLIX Large Cap CorePairCorr
  0.94GTLLX Large Cap GrowthPairCorr
  0.97GTLOX Large Cap EPairCorr
  0.72GTLSX Quantitative LongshortPairCorr
  0.9GTSOX Secured Options PortfolioPairCorr
  0.76GTSCX Small Cap EquityPairCorr
  0.9FLPKX Fidelity Low PricedPairCorr
  0.9FLPSX Fidelity Low PricedPairCorr
  0.78VMVAX Vanguard Mid CapPairCorr
  0.87VMVIX Vanguard Mid CapPairCorr
  0.9JMVZX Jpmorgan Mid CapPairCorr
  0.9JMVRX Jpmorgan Mid CapPairCorr
  0.9JMVQX Jpmorgan Mid CapPairCorr
  0.9JMVYX Jpmorgan Mid CapPairCorr
  0.81DXQLX Direxion Monthly NasdaqPairCorr
  0.79RYVLX Nasdaq 100 2xPairCorr
  0.79RYVYX Nasdaq 100 2xPairCorr
  0.79UOPIX Ultra Nasdaq 100PairCorr
  0.79RYCCX Nasdaq 100 2xPairCorr
  0.79UOPSX Ultranasdaq 100 ProfundPairCorr
  0.92INPIX Internet UltrasectorPairCorr
  0.88INPSX Internet UltrasectorPairCorr

Related Correlations Analysis

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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   
DSENX
+ 0.69
JOHAX
ETGLX
+ 0.65
EGFFX
ETGLX
+ 0.64
VSLAX
ETGLX
+ 0.46
DSENX
VSLAX
+ 0.44
EGFFX
DSENX
+ 0.35
EGFFX
  
High negative correlations   
VSLAX
- 0.28
JOHAX

Risk-Adjusted Indicators

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