William Blair Correlations

WBCRX Fund

USD 18.26 0.03 0.16%

The correlation of William Blair 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.

William Blair Correlation With Market

Very poor diversification

The correlation between William Blair Small Mid and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Small Mid 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 William Blair Small Mid. 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 metropolitan statistical area.

Moving together with William Mutual Fund

0.99	WSMDX	William Blair Small	Pair Corr
0.99	WSMRX	William Blair Small	Pair Corr
0.99	WSMNX	William Blair Small	Pair Corr
1.0	WBCIX	William Blair Small	Pair Corr
0.95	WBGSX	William Blair Growth	Pair Corr
0.96	WBSNX	William Blair Small	Pair Corr
0.96	WBSIX	William Blair Small	Pair Corr
0.96	WBSRX	William Blair Small	Pair Corr
0.92	WBVNX	William Blair Small	Pair Corr
0.93	WBVRX	William Blair Small	Pair Corr
0.98	WVMIX	William Blair Mid	Pair Corr
0.98	WVMRX	William Blair Mid	Pair Corr
0.72	WGGNX	William Blair Global	Pair Corr
0.72	WGFIX	William Blair Global	Pair Corr
0.95	BGFRX	William Blair Growth	Pair Corr
0.95	BGFIX	William Blair Growth	Pair Corr
0.72	BGGIX	William Blair Global	Pair Corr

Moving against William Mutual Fund

0.39	WBIIX	William Blair Instit	Pair Corr
0.39	WBIGX	William Blair Intern	Pair Corr
0.39	WBIRX	William Blair Intern	Pair Corr
0.51	WILNX	William Blair Intern	Pair Corr
0.5	WILJX	William Blair Intern	Pair Corr
0.5	WILIX	William Blair Intern	Pair Corr
0.4	WIISX	William Blair Intern	Pair Corr
0.4	WISIX	William Blair Intern	Pair Corr
0.4	WISNX	William Blair Intern	Pair Corr
0.39	BIGIX	William Blair Intern	Pair Corr

Related Correlations Analysis

	WRCGX	WSMDX	WSMRX	WSMNX	WBELX	WBEIX	WBENX	WBGSX
WRCGX		0.4	0.4	0.4	0.87	0.7	0.7	0.54	WRCGX
WSMDX	0.4		1.0	1.0	0.21	0.09	0.09	0.96	WSMDX
WSMRX	0.4	1.0		1.0	0.21	0.09	0.09	0.96	WSMRX
WSMNX	0.4	1.0	1.0		0.21	0.09	0.09	0.96	WSMNX
WBELX	0.87	0.21	0.21	0.21		0.95	0.95	0.34	WBELX
WBEIX	0.7	0.09	0.09	0.09	0.95		1.0	0.21	WBEIX
WBENX	0.7	0.09	0.09	0.09	0.95	1.0		0.2	WBENX
WBGSX	0.54	0.96	0.96	0.96	0.34	0.21	0.2		WBGSX
	WRCGX	WSMDX	WSMRX	WSMNX	WBELX	WBEIX	WBENX	WBGSX

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Risk-Adjusted Indicators

There is a big difference between William Mutual Fund performing well and William Blair 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 William Blair'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WRCGX	1.37	0.20	0.04	(2.85)	1.31	(1.76)	4.71	(2.35)	9.42
WSMDX	0.74	0.00	0.02	0.13	0.86	(0.75)	1.42	(1.53)	5.10
WSMRX	0.74	0.01	0.02	0.13	0.86	(0.77)	1.42	(1.56)	5.08
WSMNX	0.74	0.00	0.02	0.13	0.86	(0.75)	1.45	(1.54)	5.06
WBELX	0.60	(0.04)	(0.17)	(0.01)	0.75	(0.63)	1.21	(1.11)	3.26
WBEIX	0.58	(0.08)	0.00	(0.11)	0.00	0.00	1.21	(1.26)	3.24
WBENX	0.59	(0.08)	0.00	(0.11)	0.00	0.00	1.24	(1.29)	3.40
WBGSX	0.70	0.01	0.01	0.14	0.91	(0.75)	1.51	(1.75)	4.98

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