Vanguard Extended Correlations

Mutual Funds . USA . 
Fund . Vanguard Extended Market
VIEIX Fund  USD 150.58  0.01  0.01%   
The current 90-days correlation between Vanguard Extended Market and Vanguard Total International is 0.67 (i.e., Poor diversification). The correlation of Vanguard Extended 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 Extended Correlation With Market

Very poor diversification

The correlation between Vanguard Extended Market and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Extended Market 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 Extended Market. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Vanguard Mutual Fund

  0.97VMIAX Vanguard Materials IndexPairCorr
  0.94VMLUX Vanguard Limited TermPairCorr
  0.95VMLTX Vanguard Limited TermPairCorr
  0.91VMNVX Vanguard Global MinimumPairCorr
  0.98VMMSX Vanguard Emerging MarketsPairCorr
  0.81VMSIX Vanguard Multi SectorPairCorr
  0.99VMVAX Vanguard Mid CapPairCorr
  0.99VMVIX Vanguard Mid CapPairCorr
  0.72VMVFX Vanguard Global MinimumPairCorr
  0.81VMVLX Vanguard Mega CapPairCorr
  0.79VPADX Vanguard Pacific StockPairCorr
  0.79VPACX Vanguard Pacific StockPairCorr
  0.84VPCCX Vanguard PrimecapPairCorr
  0.79VPKIX Vanguard Pacific StockPairCorr
  0.99VPMCX Vanguard PrimecapPairCorr
  0.83VPMAX Vanguard PrimecapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.99VQNPX Vanguard Growth AndPairCorr
  0.77VADGX Vanguard Advice SelectPairCorr
  0.99VAGVX Vanguard Advice SelectPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  0.98VSCGX Vanguard LifestrategyPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  0.85VSCSX Vanguard Short TermPairCorr
  0.61VSBIX Vanguard Short TermPairCorr
  0.63VSBSX Vanguard Short TermPairCorr
  1.0VSEMX Vanguard Extended MarketPairCorr
  0.82VSEQX 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 Extended 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 Extended'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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