Vanguard Gnma Correlations
| VFIIX Fund | USD 9.46 0.01 0.11% |
The correlation of Vanguard Gnma 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 Gnma Correlation With Market
Modest diversification
The correlation between Vanguard Gnma Fund and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Gnma Fund and DJI in the same portfolio, assuming nothing else is changed.
Vanguard |
Moving together with Vanguard Mutual Fund
| 0.63 | VMNVX | Vanguard Global Minimum | PairCorr |
| 0.9 | VMSIX | Vanguard Multi Sector | PairCorr |
| 0.8 | VMVFX | Vanguard Global Minimum | PairCorr |
| 0.72 | VMVLX | Vanguard Mega Cap | PairCorr |
| 0.87 | VNJUX | Vanguard New Jersey | PairCorr |
| 0.86 | VNJTX | Vanguard New Jersey | PairCorr |
| 0.86 | VNYTX | Vanguard New York | PairCorr |
| 0.86 | VNYUX | Vanguard New York | PairCorr |
| 0.87 | VOHIX | Vanguard Ohio Long | PairCorr |
| 0.74 | VPADX | Vanguard Pacific Stock | PairCorr |
| 0.85 | VPCCX | Vanguard Primecap | PairCorr |
| 0.88 | VPALX | Vanguard Pennsylvania | PairCorr |
| 0.88 | VPAIX | Vanguard Pennsylvania | PairCorr |
| 0.74 | VPKIX | Vanguard Pacific Stock | PairCorr |
| 0.84 | VPMCX | Vanguard Primecap | PairCorr |
| 0.81 | VPMAX | Vanguard Primecap | PairCorr |
| 0.71 | VQNPX | Vanguard Growth And | PairCorr |
| 0.83 | VAGVX | Vanguard Advice Select | PairCorr |
| 0.85 | VSCGX | Vanguard Lifestrategy | PairCorr |
| 0.74 | VSCSX | Vanguard Short Term | PairCorr |
| 0.88 | VSBIX | Vanguard Short Term | PairCorr |
| 0.93 | VSBSX | Vanguard Short Term | PairCorr |
| 0.77 | VASGX | Vanguard Lifestrategy | PairCorr |
| 0.9 | VASIX | Vanguard Lifestrategy | PairCorr |
Moving against Vanguard Mutual Fund
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MPIXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ELMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JRSXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.16 | QCMMIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.16 | 0.0 | FMVUX | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Vanguard Mutual Fund performing well and Vanguard Gnma 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 Gnma'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MPIXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JRSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QCMMIX | 0.02 | 0.01 | 0.00 | 2.38 | 0.00 | 0.03 | 0.03 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMVUX | 0.63 | (0.03) | (0.03) | 0.04 | 0.81 | 1.52 | 4.41 |