Vanguard Mid Correlations

VIMAX Fund

USD 356.55 2.40 0.68%

The current 90-days correlation between Vanguard Mid Cap and Vanguard Small Cap Index is 0.9 (i.e., Almost no diversification). The correlation of Vanguard Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Vanguard Mid Cap Index and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Mid Cap 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 Mid Cap 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

1.0	VIMSX	Vanguard Mid Cap	Pair Corr
0.85	VMCPX	Vanguard Mid Cap	Pair Corr
0.85	VMCIX	Vanguard Mid Cap	Pair Corr
1.0	VEXAX	Vanguard Extended Market	Pair Corr
0.86	VEMPX	Vanguard Extended Market	Pair Corr
0.68	VSEMX	Vanguard Extended Market	Pair Corr
0.9	MAUKX	Pioneer Multi Asset	Pair Corr

Moving against Vanguard Mutual Fund

0.45	TRV	The Travelers Companies	Pair Corr
0.33	WMT	Walmart	Pair Corr
0.31	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	VSMAX	VFIAX	VIGAX	VTIAX	VGSLX
VSMAX		0.96	0.54	0.94	0.84	VSMAX
VFIAX	0.96		0.53	0.98	0.8	VFIAX
VIGAX	0.54	0.53		0.53	0.38	VIGAX
VTIAX	0.94	0.98	0.53		0.79	VTIAX
VGSLX	0.84	0.8	0.38	0.79		VGSLX
	VSMAX	VFIAX	VIGAX	VTIAX	VGSLX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Mid 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 Mid'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
VSMAX	0.80	0.02	0.07	0.25	0.60	(0.98)	2.23	(1.12)	6.49
VFIAX	0.62	0.33	0.06	(1.31)	0.33	(0.73)	2.02	(0.83)	4.88
VIGAX	0.63	0.30	0.08	(7.85)	0.14	(0.78)	1.46	(1.03)	5.63
VTIAX	0.46	0.24	(0.01)	(5.31)	0.00	(0.53)	1.35	(0.86)	3.10
VGSLX	0.58	(0.03)	(0.11)	0.18	0.73	(0.59)	1.73	(1.21)	4.68

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