Vanguard 500 Correlations

VFIAX Fund

USD 517.45 3.25 0.63%

The current 90-days correlation between Vanguard 500 Index and Vanguard Total Stock is 1.0 (i.e., No risk reduction). The correlation of Vanguard 500 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 500 Correlation With Market

Good diversification

The correlation between Vanguard 500 Index and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard 500 Index 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 500 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 nation.

Moving together with Vanguard Mutual Fund

0.91	VMIAX	Vanguard Materials Index	Pair Corr
0.95	VMVAX	Vanguard Mid Cap	Pair Corr
0.91	VMVIX	Vanguard Mid Cap	Pair Corr
0.9	VMVLX	Vanguard Mega Cap	Pair Corr
0.81	VNJUX	Vanguard New Jersey	Pair Corr
0.81	VNJTX	Vanguard New Jersey	Pair Corr
0.82	VNYTX	Vanguard New York	Pair Corr
0.82	VNYUX	Vanguard New York	Pair Corr
0.78	VOHIX	Vanguard Ohio Long	Pair Corr
0.93	VPCCX	Vanguard Primecap	Pair Corr
0.79	VPALX	Vanguard Pennsylvania	Pair Corr
0.79	VPAIX	Vanguard Pennsylvania	Pair Corr
0.92	VPMCX	Vanguard Primecap	Pair Corr
0.92	VPMAX	Vanguard Primecap	Pair Corr
0.94	NAESX	Vanguard Small Cap	Pair Corr
1.0	VQNPX	Vanguard Growth And	Pair Corr
0.79	VRTPX	Vanguard Reit Ii	Pair Corr
0.95	VADGX	Vanguard Advice Select	Pair Corr
0.88	VAGVX	Vanguard Advice Select	Pair Corr
0.87	VAIGX	Vanguard Advice Select	Pair Corr
0.94	VSCIX	Vanguard Small Cap	Pair Corr
0.9	VSCGX	Vanguard Lifestrategy	Pair Corr
0.94	VSCPX	Vanguard Small Cap	Pair Corr
0.93	VSEMX	Vanguard Extended Market	Pair Corr
0.93	VSEQX	Vanguard Strategic Equity	Pair Corr

Moving against Vanguard Mutual Fund

0.6	VAIPX	Vanguard Inflation-protec	Pair Corr
0.89	VSBSX	Vanguard Short Term	Pair Corr
0.87	VSBIX	Vanguard Short Term	Pair Corr
0.86	VSGDX	Vanguard Short Term	Pair Corr
0.83	VSGBX	Vanguard Short Term	Pair Corr
0.82	VSIGX	Vanguard Intermediate-ter	Pair Corr
0.68	VSCSX	Vanguard Short Term	Pair Corr
0.67	VSTBX	Vanguard Short Term	Pair Corr

Related Correlations Analysis

	VTSAX	VIMAX	VSMAX	VBTLX	VTIAX
VTSAX		0.99	0.99	-0.53	0.37	VTSAX
VIMAX	0.99		0.98	-0.5	0.43	VIMAX
VSMAX	0.99	0.98		-0.57	0.3	VSMAX
VBTLX	-0.53	-0.5	-0.57		0.18	VBTLX
VTIAX	0.37	0.43	0.3	0.18		VTIAX
	VTSAX	VIMAX	VSMAX	VBTLX	VTIAX

Click cells to compare fundamentals

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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

VIMAX	+ 0.99	VTSAX
VSMAX	+ 0.99	VTSAX
VSMAX	+ 0.98	VIMAX
VTIAX	+ 0.43	VIMAX
VTIAX	+ 0.37	VTSAX
VTIAX	+ 0.3	VSMAX

High negative correlations

VBTLX	- 0.57	VSMAX
VBTLX	- 0.53	VTSAX
VBTLX	- 0.5	VIMAX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard 500 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 500'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
VTSAX	1.23	(0.13)	0.00	1.29	0.00	0.00	2.07	(2.77)	13.08
VIMAX	1.12	(0.10)	0.00	0.96	0.00	0.00	1.91	(2.25)	11.16
VSMAX	1.33	(0.21)	0.00	1.65	0.00	0.00	2.50	(2.63)	13.62
VBTLX	0.28	0.02	0.37	(0.43)	0.29	(0.30)	0.63	(0.52)	1.77
VTIAX	0.87	0.07	0.12	(1.33)	1.40	(0.82)	1.80	(2.03)	8.24

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