Sp 500 Correlations

SPFIX Fund

USD 71.31 0.15 0.21%

The current 90-days correlation between Sp 500 Index and Sp Midcap Index is 0.89 (i.e., Very poor diversification). The correlation of Sp 500 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.

Sp 500 Correlation With Market

Good diversification

The correlation between Sp 500 Index and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp 500 Index and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sp 500 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 gross domestic product.

Moving together with SPFIX Mutual Fund

0.9	NQQQX	Shelton Funds	Pair Corr
0.88	SMCIX	Sp Smallcap Index	Pair Corr
0.92	SPXKX	Sp 500 Index	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.91	VINIX	Vanguard Institutional	Pair Corr
0.91	VIIIX	Vanguard Institutional	Pair Corr
0.64	WRHIX	Ivy High Income	Pair Corr
0.66	WHIAX	Ivy High Income	Pair Corr
0.64	IHIFX	Ivy High Income	Pair Corr
0.64	IVHIX	Ivy High Income	Pair Corr

Moving against SPFIX Mutual Fund

0.47	SNGYX	Sit Government Securities	Pair Corr
0.38	CAUSX	Us Government Securities	Pair Corr
0.34	PDINX	Putnam Diversified Income	Pair Corr
0.89	RYUHX	Inverse Sp 500 Potential Growth	Pair Corr
0.52	ASBFX	Short Term Bond	Pair Corr
0.46	FLRRX	Franklin Low Duration	Pair Corr
0.44	WATCX	Western Asset Interm	Pair Corr
0.39	IIBAX	Voya Intermediate Bond	Pair Corr
0.38	MSPHX	Massmutual Select Total	Pair Corr

Related Correlations Analysis

	SPMIX	SMCIX	BTIEX	DSPIX	SCPIX
SPMIX		0.98	0.7	0.88	0.91	SPMIX
SMCIX	0.98		0.73	0.85	0.91	SMCIX
BTIEX	0.7	0.73		0.58	0.86	BTIEX
DSPIX	0.88	0.85	0.58		0.86	DSPIX
SCPIX	0.91	0.91	0.86	0.86		SCPIX
	SPMIX	SMCIX	BTIEX	DSPIX	SCPIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SPFIX Mutual Fund performing well and Sp 500 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 Sp 500'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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SPMIX	0.83	(0.18)	1.21	1.32	(2.17)	4.50
SMCIX	0.88	(0.25)	1.65	1.42	(2.41)	4.55
BTIEX	1.05	(0.30)	(0.64)	1.27	(1.78)	15.28
DSPIX	0.81	(0.04)	(0.12)	1.28	(1.74)	4.51
SCPIX	0.86	(0.17)	24.72	1.27	(1.80)	4.58

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC