Wilshire 5000 Correlations

Mutual Funds . USA . 
Fund . Wilshire 5000 Index
WFIVX Fund  USD 31.47  0.01  0.03%   
The current 90-days correlation between Wilshire 5000 Index and Wilshire 5000 Index is 1.0 (i.e., No risk reduction). The correlation of Wilshire 5000 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.

Wilshire 5000 Correlation With Market

Good diversification

The correlation between Wilshire 5000 Index and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilshire 5000 Index 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 Wilshire 5000 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 real.

Moving together with Wilshire Mutual Fund

  0.92WSMGX Small Pany GrowthPairCorr
  0.94WSMVX Small Pany ValuePairCorr
  1.0WINDX Wilshire 5000 IndexPairCorr
  0.98WLCGX Large Pany GrowthPairCorr
  0.8WLCVX Large Pany ValuePairCorr
  0.98DTLGX Wilshire LargePairCorr
  0.81DTLVX Large Pany ValuePairCorr
  0.94DTSVX Small Pany ValuePairCorr
  0.95DTSGX Small Pany GrowthPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.82VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.8WHIYX Ivy High IncomePairCorr
  0.75IVHIX Ivy High IncomePairCorr
  0.75IHIFX Ivy High IncomePairCorr
  0.8WRHIX Ivy High IncomePairCorr
  0.77WHIAX Ivy High IncomePairCorr

Moving against Wilshire Mutual Fund

  0.49WIORX Wilshire Income OpportPairCorr
  0.49WIOPX Wilshire Income OpportPairCorr
  0.37WLCTX Wilshire InternationalPairCorr
  0.37WLTTX Wilshire InternationalPairCorr
  0.74RYWBX Weakening DollarPairCorr
  0.61USGNX Government SecuritiesPairCorr
  0.55MFBIX Mesirow Enhanced CorePairCorr
  0.47GGICX Goldman Sachs GlobalPairCorr
  0.45PIPTX Virtus Kar GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilshire Mutual Fund performing well and Wilshire 5000 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 Wilshire 5000'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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