Wilshire 5000 Correlations

WINDX Fund

USD 34.84 0.08 0.23%

The current 90-days correlation between Wilshire 5000 Index and Wilshire Income Opport is 0.1 (i.e., Average diversification). 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

Very poor diversification

The correlation between Wilshire 5000 Index 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 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 unemployment.

Moving together with Wilshire Mutual Fund

0.93	WSMGX	Small Pany Growth	Pair Corr
0.93	WSMVX	Small Pany Value	Pair Corr
1.0	WFIVX	Wilshire 5000 Index	Pair Corr
0.99	WLCGX	Large Pany Growth	Pair Corr
0.94	WLCVX	Large Pany Value	Pair Corr
0.99	DTLGX	Wilshire Large	Pair Corr
0.97	DTLVX	Large Pany Value	Pair Corr
0.93	DTSVX	Small Pany Value	Pair Corr
0.9	DTSGX	Small Pany Growth	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.87	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.92	LSHUX	Horizon Spin Off	Pair Corr
0.92	LSHEX	Kinetics Spin Off	Pair Corr
0.86	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.92	LSHAX	Horizon Spin Off	Pair Corr
0.92	LSHCX	Horizon Spin Off	Pair Corr
0.92	WWNPX	Kinetics Paradigm	Pair Corr
0.92	KNPYX	Kinetics Paradigm	Pair Corr
0.92	KNPCX	Kinetics Paradigm	Pair Corr
0.85	FRBAX	Regional Bank	Pair Corr
0.98	VKSDX	Virtus Kar Small	Pair Corr
0.85	JYHRX	Jpmorgan High Yield	Pair Corr
0.96	CUSUX	Six Circles Unconstrained	Pair Corr
0.77	FSELX	Fidelity Select Semi	Pair Corr
0.96	FAGIX	Fidelity Capital Income	Pair Corr

Moving against Wilshire Mutual Fund

0.64	WIORX	Wilshire Income Opport	Pair Corr
0.62	WIOPX	Wilshire Income Opport	Pair Corr
0.33	WLCTX	Wilshire International	Pair Corr
0.31	WLTTX	Wilshire International	Pair Corr

Related Correlations Analysis

	WIORX	WIOPX	WSMGX	WSMVX	WLCGX	WLCVX	WLCTX	DTLGX
WIORX		1.0	-0.54	-0.57	-0.65	-0.6	0.58	-0.65	WIORX
WIOPX	1.0		-0.53	-0.55	-0.63	-0.58	0.57	-0.63	WIOPX
WSMGX	-0.54	-0.53		0.99	0.9	0.91	-0.42	0.9	WSMGX
WSMVX	-0.57	-0.55	0.99		0.89	0.92	-0.41	0.89	WSMVX
WLCGX	-0.65	-0.63	0.9	0.89		0.9	-0.35	1.0	WLCGX
WLCVX	-0.6	-0.58	0.91	0.92	0.9		-0.32	0.9	WLCVX
WLCTX	0.58	0.57	-0.42	-0.41	-0.35	-0.32		-0.34	WLCTX
DTLGX	-0.65	-0.63	0.9	0.89	1.0	0.9	-0.34		DTLGX
	WIORX	WIOPX	WSMGX	WSMVX	WLCGX	WLCVX	WLCTX	DTLGX

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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

WIOPX	+ 1.0	WIORX
DTLGX	+ 1.0	WLCGX
WSMVX	+ 0.99	WSMGX
WLCVX	+ 0.92	WSMVX
WLCVX	+ 0.91	WSMGX
WLCGX	+ 0.9	WSMGX

High negative correlations

DTLGX	- 0.65	WIORX
WLCGX	- 0.65	WIORX
DTLGX	- 0.63	WIOPX
WLCGX	- 0.63	WIOPX
WLCVX	- 0.6	WIORX
WLCVX	- 0.58	WIOPX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WIORX	0.15	(0.02)	0.00	(0.28)	0.00	0.00	0.33	(0.44)	0.88
WIOPX	0.16	(0.01)	(0.49)	(0.23)	0.19	(0.21)	0.33	(0.33)	0.89
WSMGX	0.94	(0.02)	0.03	0.10	0.97	(1.09)	2.36	(1.58)	7.17
WSMVX	0.89	(0.04)	0.02	0.09	0.81	(1.09)	1.96	(1.50)	8.06
WLCGX	0.75	0.08	0.05	0.20	0.99	(0.75)	1.96	(2.28)	5.09
WLCVX	0.53	0.10	(0.03)	7.15	0.42	(0.62)	1.09	(0.87)	3.77
WLCTX	0.56	(0.05)	0.00	(2.56)	0.00	0.00	1.03	(1.44)	3.64
DTLGX	0.75	0.08	0.05	0.20	0.99	(0.75)	1.96	(2.29)	5.09

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