Vanguard Developed Correlations

Mutual Funds . USA . 
Fund . Vanguard Developed Markets
VDIPX Fund  USD 28.29  0.09  0.32%   
The current 90-days correlation between Vanguard Developed and Victory Rs Partners is 0.79 (i.e., Poor diversification). The correlation of Vanguard Developed 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.

Vanguard Developed Correlation With Market

Very poor diversification

The correlation between Vanguard Developed Markets and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Developed Markets 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 Vanguard Developed Markets. 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 american community survey.

Moving together with Vanguard Mutual Fund

  0.81VMIAX Vanguard Materials IndexPairCorr
  0.93VMNVX Vanguard Global MinimumPairCorr
  0.92VMMSX Vanguard Emerging MarketsPairCorr
  0.74VMNIX Vanguard Market NeutralPairCorr
  0.74VMNFX Vanguard Market NeutralPairCorr
  0.88VMSIX Vanguard Multi SectorPairCorr
  0.8VMVAX Vanguard Mid CapPairCorr
  0.8VMVIX Vanguard Mid CapPairCorr
  0.93VMVFX Vanguard Global MinimumPairCorr
  0.62VMVLX Vanguard Mega CapPairCorr
  0.99VPADX Vanguard Pacific StockPairCorr
  0.99VPACX Vanguard Pacific StockPairCorr
  0.82VPCCX Vanguard PrimecapPairCorr
  0.99VPKIX Vanguard Pacific StockPairCorr
  0.77VPMCX Vanguard PrimecapPairCorr
  0.77VPMAX Vanguard PrimecapPairCorr
  0.82NAESX Vanguard Small CapPairCorr
  0.93VQNPX Vanguard Growth AndPairCorr
  0.61VRTPX Vanguard Reit IiPairCorr
  0.84VADGX Vanguard Advice SelectPairCorr
  0.85VAGVX Vanguard Advice SelectPairCorr
  0.96VAIGX Vanguard Advice SelectPairCorr
  0.82VSCIX Vanguard Small CapPairCorr
  0.97VSCGX Vanguard LifestrategyPairCorr
  0.82VSCPX Vanguard Small CapPairCorr
  0.73VSCSX Vanguard Short TermPairCorr
  0.89VSEMX Vanguard Extended MarketPairCorr
  0.89VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Developed 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 Vanguard Developed'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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