Vanguard Short-term Correlations

VFISX Fund

USD 9.95 0.01 0.10%

The current 90-days correlation between Vanguard Short Term and The Hartford Growth is 0.16 (i.e., Average diversification). The correlation of Vanguard Short-term 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 Short-term Correlation With Market

Average diversification

The correlation between Vanguard Short Term Treasury and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Short Term Treasury 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 Short Term Treasury. 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 main economic indicators.

Moving together with Vanguard Mutual Fund

0.7	VMLUX	Vanguard Limited Term	Pair Corr
0.7	VMLTX	Vanguard Limited Term	Pair Corr
0.76	VMNVX	Vanguard Global Minimum	Pair Corr
0.72	VMMSX	Vanguard Emerging Markets	Pair Corr
0.7	VPACX	Vanguard Pacific Stock	Pair Corr
0.83	VPMAX	Vanguard Primecap	Pair Corr
0.65	VAIPX	Vanguard Inflation	Pair Corr
0.78	VSCGX	Vanguard Lifestrategy	Pair Corr
0.92	VSCSX	Vanguard Short Term	Pair Corr
0.81	VASIX	Vanguard Lifestrategy	Pair Corr
0.73	VSMGX	Vanguard Lifestrategy	Pair Corr
0.66	VSPVX	Vanguard Sp 500	Pair Corr
0.71	VBAIX	Vanguard Balanced Index	Pair Corr
0.98	VBIPX	Vanguard Short Term	Pair Corr
0.87	VBILX	Vanguard Intermediate-ter	Pair Corr
0.98	VBISX	Vanguard Short Term	Pair Corr
0.94	VBITX	Vanguard Short Term	Pair Corr
0.94	VBIRX	Vanguard Short Term	Pair Corr
0.73	VTHRX	Vanguard Target Reti	Pair Corr
0.69	VTIAX	Vanguard Total Inter	Pair Corr
0.65	VTISX	Vanguard Total Inter	Pair Corr
0.76	VTINX	Vanguard Target Reti	Pair Corr
0.69	VTIVX	Vanguard Target Reti	Pair Corr
0.7	VTMGX	Vanguard Developed	Pair Corr
0.7	VTMNX	Vanguard Developed	Pair Corr

Moving against Vanguard Mutual Fund

0.62

VMIAX

Vanguard Materials Index

Pair Corr

Related Correlations Analysis

	HGOFX	MGAFX	PSIJX	INAAX	LMLRX	TEGRX
HGOFX		0.8	0.87	0.27	0.81	0.73	HGOFX
MGAFX	0.8		0.75	0.36	0.98	0.97	MGAFX
PSIJX	0.87	0.75		0.26	0.74	0.68	PSIJX
INAAX	0.27	0.36	0.26		0.42	0.36	INAAX
LMLRX	0.81	0.98	0.74	0.42		0.95	LMLRX
TEGRX	0.73	0.97	0.68	0.36	0.95		TEGRX
	HGOFX	MGAFX	PSIJX	INAAX	LMLRX	TEGRX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Short-term 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 Short-term'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
HGOFX	0.89	0.01	0.01	0.07	1.26	(0.88)	1.63	(2.13)	5.36
MGAFX	0.45	0.04	(0.02)	0.44	0.58	(0.45)	0.93	(0.93)	2.85
PSIJX	1.08	0.01	0.03	0.07	1.40	(1.11)	2.72	(2.16)	6.75
INAAX	0.48	0.02	(0.06)	(1.53)	0.59	(0.51)	0.95	(0.95)	3.44
LMLRX	0.24	0.03	(0.07)	0.41	0.25	(0.27)	0.51	(0.50)	1.39
TEGRX	0.57	0.05	(0.01)	0.53	0.73	(0.57)	1.30	(1.25)	3.83

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