Vanguard Developed Correlations

Mutual Funds . USA . 
Fund . Vanguard Developed Markets
VTMGX Fund  USD 18.98  0.41  2.11%   
The current 90-days correlation between Vanguard Developed and Vanguard Emerging Markets is 0.63 (i.e., Poor diversification). The correlation of Vanguard Developed 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 Developed Correlation With Market

Poor diversification

The correlation between Vanguard Developed Markets and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Developed Markets 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 Developed Markets. 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 rate.

Moving together with Vanguard Mutual Fund

  0.73VMIAX Vanguard Materials IndexPairCorr
  0.87VMLUX Vanguard Limited TermPairCorr
  0.87VMLTX Vanguard Limited TermPairCorr
  0.93VMNVX Vanguard Global MinimumPairCorr
  0.94VMMSX Vanguard Emerging MarketsPairCorr
  0.73VMNIX Vanguard Market NeutralPairCorr
  0.74VMNFX Vanguard Market NeutralPairCorr
  0.93VMVFX Vanguard Global MinimumPairCorr
  0.86VPAIX Vanguard PennsylvaniaPairCorr
  0.95VQNPX Vanguard Growth AndPairCorr
  0.91VSCIX Vanguard Small CapPairCorr
  0.91VSCPX Vanguard Small CapPairCorr
  0.93VSEQX Vanguard Strategic EquityPairCorr
  0.84VASVX Vanguard Selected ValuePairCorr
  0.85VSGDX Vanguard Short TermPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.85VTBIX Vanguard Total BondPairCorr
  0.85VTBSX Vanguard Total BondPairCorr
  0.85VBMPX Vanguard Total BondPairCorr
  0.87VTCAX Vanguard TelecommunicatioPairCorr
  0.95VTCLX Vanguard Tax ManagedPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.88VBTLX Vanguard Total BondPairCorr
  0.85VBTIX Vanguard Total BondPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.94VTMFX Vanguard Tax ManagedPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.88VCADX Vanguard CaliforniaPairCorr
  0.88VCAIX Vanguard CaliforniaPairCorr
  0.99VTRIX Vanguard InternationalPairCorr
  0.98VTTSX Vanguard Target RetiPairCorr
  0.9VCDAX Vanguard Sumer DiscrPairCorr
  0.86VCITX Vanguard CaliforniaPairCorr
  0.86VCLAX Vanguard CaliforniaPairCorr
  0.64VUIAX Vanguard Utilities IndexPairCorr
  1.0VDIPX Vanguard DevelopedPairCorr
  0.95VVIAX Vanguard Value IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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