Vanguard Emerging Correlations

Mutual Funds . USA . 
Fund . Vanguard Emerging Markets
VEIEX Fund  USD 31.94  0.03  0.09%   
The current 90-days correlation between Vanguard Emerging Markets and Transamerica Emerging Markets is 0.91 (i.e., Almost no diversification). The correlation of Vanguard Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Vanguard Emerging Markets and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging 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 Emerging 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 income.

Moving together with Vanguard Mutual Fund

  0.96VMIAX Vanguard Materials IndexPairCorr
  0.94VMLUX Vanguard Limited TermPairCorr
  0.94VMLTX Vanguard Limited TermPairCorr
  0.91VMNVX Vanguard Global MinimumPairCorr
  1.0VMMSX Vanguard Emerging MarketsPairCorr
  0.62VMNIX Vanguard Market Neutral Potential GrowthPairCorr
  0.62VMNFX Vanguard Market Neutral Potential GrowthPairCorr
  0.94VMSIX Vanguard Multi SectorPairCorr
  0.97VMVAX Vanguard Mid CapPairCorr
  0.97VMVIX Vanguard Mid CapPairCorr
  0.92VMVFX Vanguard Global MinimumPairCorr
  0.98VPMCX Vanguard PrimecapPairCorr
  0.98VPMAX Vanguard PrimecapPairCorr
  0.98NAESX Vanguard Small CapPairCorr
  0.84VRTPX Vanguard Reit IiPairCorr
  0.98VSCIX Vanguard Small CapPairCorr
  0.97VSCGX Vanguard LifestrategyPairCorr
  0.98VSCPX Vanguard Small CapPairCorr
  0.88VSCSX Vanguard Short TermPairCorr
  0.71VSBSX Vanguard Short TermPairCorr
  0.98VSEQX Vanguard Strategic EquityPairCorr
  0.99VASGX Vanguard LifestrategyPairCorr
  0.97VSGAX Vanguard Small CapPairCorr
  0.94VASIX Vanguard LifestrategyPairCorr
  0.97VASVX Vanguard Selected ValuePairCorr
  0.98VSGIX Vanguard Small CapPairCorr
  0.74VSGDX Vanguard Short TermPairCorr
  0.68VSGBX Vanguard Short TermPairCorr
  0.97VSIAX Vanguard Small CapPairCorr
  0.97VSIIX Vanguard Small CapPairCorr
  0.98VSMAX Vanguard Small CapPairCorr
  0.97VSMGX Vanguard LifestrategyPairCorr
  0.96VSMVX Vanguard Sp SmallPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VBIAX Vanguard Balanced IndexPairCorr
  0.66VBIIX Vanguard IntermediatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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