Vanguard Explorer Correlations

Mutual Funds . USA . 
Fund . Vanguard Explorer Value
VEVFX Fund  USD 42.93  0.21  0.49%   
The current 90-days correlation between Vanguard Explorer Value and Vanguard Strategic Small Cap is -0.04 (i.e., Good diversification). The correlation of Vanguard Explorer 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 Explorer Correlation With Market

Poor diversification

The correlation between Vanguard Explorer Value and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Explorer Value 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 Explorer Value. 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 census.

Moving together with Vanguard Mutual Fund

  0.84VMIAX Vanguard Materials IndexPairCorr
  0.8VMLUX Vanguard Limited TermPairCorr
  0.8VMLTX Vanguard Limited TermPairCorr
  0.71VMNVX Vanguard Global MinimumPairCorr
  0.85VMMSX Vanguard Emerging MarketsPairCorr
  0.85VMVAX Vanguard Mid CapPairCorr
  0.85VMVIX Vanguard Mid CapPairCorr
  0.69VMVLX Vanguard Mega CapPairCorr
  0.76VPACX Vanguard Pacific StockPairCorr
  0.62VPCCX Vanguard PrimecapPairCorr
  0.83VPMCX Vanguard PrimecapPairCorr
  0.85NAESX Vanguard Small CapPairCorr
  0.96VQNPX Vanguard Growth AndPairCorr
  0.61VADGX Vanguard Advice SelectPairCorr
  0.97VAGVX Vanguard Advice SelectPairCorr
  0.85VSCIX Vanguard Small CapPairCorr
  0.94VSCGX Vanguard LifestrategyPairCorr
  0.85VSCPX Vanguard Small CapPairCorr
  0.73VSCSX Vanguard Short TermPairCorr
  0.62VSBSX Vanguard Short TermPairCorr
  0.61VSEMX Vanguard Extended MarketPairCorr
  0.84VSEQX 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 Explorer 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 Explorer'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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