Japan Smaller Correlations

JOF Fund

USD 10.87 0.01 0.09%

The current 90-days correlation between Japan Smaller and Templeton Dragon Closed is 0.31 (i.e., Weak diversification).The rolling correlation of Japan Smaller with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Japan Smaller Correlation to Market

Very weak diversification

JOF currently posts a 0.53 correlation with DJI, indicating a Very weak diversification relationship for the active sample. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.

Japan Smaller has a market cap of 192.95 M, operating margin of 50.22%, ROE of -26.93%. Review Risk vs Return Analysis for broader portfolio context. This reflects a position in Japan Smaller Capitalization in the portfolio view. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Japan Fund

0.91	TEI	Templeton Emerging	Pair Corr
0.77	PHK	PIMCO High Income	Pair Corr
0.89	HIO	Western Asset High	Pair Corr
0.9	CEE	Central Europe Russia Potential Growth	Pair Corr
0.88	EHI	Western Asset Global	Pair Corr
0.81	HIX	Western Asset High	Pair Corr
0.68	PCN	PIMCO Corporate Income	Pair Corr
0.66	FFC	Flaherty Crumrine	Pair Corr
0.93	GIEAX	Gmo International Equity	Pair Corr
0.93	FERGX	Fidelity Sai Emerging	Pair Corr
0.91	OIIEX	Optimum International	Pair Corr
0.84	JHYNX	Janus High Yield	Pair Corr
0.89	PMNPX	PIMCO National	Pair Corr
0.79	PANNX	PIMCO Gnma And	Pair Corr
0.86	FIWFX	Fidelity Freedom Index	Pair Corr
0.97	JNEMX	JPMorgan International	Pair Corr
0.87	JHBEX	John Hancock Funds	Pair Corr
0.94	FGILX	Fidelity Global Equity	Pair Corr
0.91	CBTAX	Six Circles Tax	Pair Corr
0.9	ARIIX	Ab Global Real	Pair Corr
0.83	MCCPX	BlackRock Bal Cap	Pair Corr
0.81	TSCLX	TIAA Cref Lifestyle	Pair Corr
0.87	JMUSX	Janus Multi Sector	Pair Corr
0.94	LENKX	BlackRock Lifepath Esg	Pair Corr
0.82	FELAX	Fidelity Advisor	Pair Corr
0.9	LPCRX	BlackRock Lifepath	Pair Corr
0.89	DMHIX	Delaware Minnesota High	Pair Corr
0.87	PSEPX	1789 Growth And	Pair Corr
0.93	WLCTX	Wilshire International	Pair Corr
0.9	BTRIX	BMO In Retirement	Pair Corr
0.65	RSYYX	Victory High Yield	Pair Corr
0.74	BREBX	BlackRock International	Pair Corr
0.87	LPDCX	BlackRock Lifepath	Pair Corr
0.64	PTSRX	Short Term Fund	Pair Corr
0.89	MANJX	BlackRock Nj Muni	Pair Corr
0.92	MLTJX	Mfs Lifetime 2030	Pair Corr
0.88	MRBPX	BlackRock Bal Cap	Pair Corr
0.87	DUSCX	Delaware Tax Free	Pair Corr

Related Correlations Analysis

	TDF	LBGIX	TRFFX	DBL	CAF	NCA	SWCRX	TMSRX	RFI	SAISX
TDF		0.52	0.66	0.44	0.77	0.48	0.52	0.46	0.02	0.6	TDF
LBGIX	0.52		0.2	0.69	0.24	-0.17	-0.04	0.29	-0.36	0.03	LBGIX
TRFFX	0.66	0.2		0.15	0.78	0.77	0.73	0.59	0.71	0.97	TRFFX
DBL	0.44	0.69	0.15		0.03	-0.14	-0.17	0.63	-0.31	0.05	DBL
CAF	0.77	0.24	0.78	0.03		0.75	0.83	0.27	0.39	0.74	CAF
NCA	0.48	-0.17	0.77	-0.14	0.75		0.78	0.26	0.63	0.8	NCA
SWCRX	0.52	-0.04	0.73	-0.17	0.83	0.78		0.16	0.59	0.73	SWCRX
TMSRX	0.46	0.29	0.59	0.63	0.27	0.26	0.16		0.31	0.57	TMSRX
RFI	0.02	-0.36	0.71	-0.31	0.39	0.63	0.59	0.31		0.77	RFI
SAISX	0.6	0.03	0.97	0.05	0.74	0.8	0.73	0.57	0.77		SAISX
	TDF	LBGIX	TRFFX	DBL	CAF	NCA	SWCRX	TMSRX	RFI	SAISX

Please upgrade your account to get full access to Macroaxis premium features

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

SAISX	+ 0.97	TRFFX
SWCRX	+ 0.83	CAF
SAISX	+ 0.8	NCA
CAF	+ 0.78	TRFFX
SWCRX	+ 0.78	NCA
CAF	+ 0.77	TDF

High negative correlations

RFI	- 0.36	LBGIX
RFI	- 0.31	DBL
SWCRX	- 0.17	DBL
NCA	- 0.17	LBGIX
NCA	- 0.14	DBL
SWCRX	- 0.04	LBGIX

Risk-Adjusted Indicators

Strong stock returns do not always mean Japan Smaller Fund is outperforming its peers on a fundamental level. A thorough review of Japan Smaller's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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
TDF	0.74	0.02	0.00	-0.02	0.00	0.00	1.56	-1.41	5.83
LBGIX	0.93	-0.04	0.00	-0.08	0.00	0.00	1.68	-2.16	6.17
TRFFX	0.57	0.04	0.06	0.01	0.81	-0.56	0.96	-1.40	4.08
DBL	0.28	-0.05	0.00	-0.94	0.00	0.00	0.53	-0.53	2.02
CAF	0.73	0.07	0.10	0.12	0.87	-0.79	1.85	-1.70	5.27
NCA	0.69	0.11	0.16	0.61	0.66	-0.80	1.96	-1.19	5.78
SWCRX	0.61	0.28	0.71	1.99	0.00	-0.79	0.62	-0.61	19.48
TMSRX	0.12	-0.02	0.00	-0.42	0.00	0.00	0.23	-0.34	2.16
RFI	0.57	0.10	0.14	0.30	0.66	-0.60	1.21	-1.26	3.21
SAISX	0.65	0.08	0.08	0.08	1.03	-0.58	1.44	-1.49	5.04

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

2026 Macroaxis LLC