Vanguard Small Correlations

Mutual Funds . USA . 
Fund . Vanguard Small Cap Index
VSMAX Fund  USD 118.19  0.72  0.61%   
The current 90-days correlation between Vanguard Small Cap and Vanguard Mid Cap Index is -0.15 (i.e., Good diversification). The correlation of Vanguard Small 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 Small Correlation With Market

Almost no diversification

The correlation between Vanguard Small Cap Index and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Small 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 Small 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

  0.9VMVFX Vanguard Global MinimumPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  0.65VSBIX Vanguard Short TermPairCorr
  0.7VSGDX Vanguard Short TermPairCorr
  0.67VSGBX Vanguard Short TermPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.69VBIRX Vanguard Short TermPairCorr
  0.98VTHRX Vanguard Target RetiPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.94VTINX Vanguard Target RetiPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.98VTTSX Vanguard Target RetiPairCorr
  0.89VUBFX Vanguard Ultra-short-termPairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.82VENAX Vanguard Energy IndexPairCorr
  0.93VWIGX Vanguard InternationalPairCorr
  1.0VEXMX Vanguard Extended MarketPairCorr
  0.99VFAIX Vanguard Financials IndexPairCorr
  0.98VFFVX Vanguard Target RetiPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.98VFIFX Vanguard Target RetiPairCorr
  0.61VFIRX Vanguard Short TermPairCorr
  0.61VFISX Vanguard Short TermPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.98VFORX Vanguard Target RetiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Small 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 Small'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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