Vanguard Developed Correlations

Mutual Funds . USA . 
Fund . Vanguard Developed Markets
VTMNX Fund  USD 18.26  0.08  0.44%   
The current 90-days correlation between Vanguard Developed and Vanguard Emerging Markets is -0.09 (i.e., Good 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

Good diversification

The correlation between Vanguard Developed Markets and DJI is -0.11 (i.e., Good 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 board of governors.

Moving together with Vanguard Mutual Fund

  0.94VMIAX Vanguard Materials IndexPairCorr
  0.95VMLUX Vanguard Limited TermPairCorr
  0.96VMLTX Vanguard Limited TermPairCorr
  0.96VMNVX Vanguard Global MinimumPairCorr
  0.96VMMSX Vanguard Emerging MarketsPairCorr
  0.72VMNIX Vanguard Market Neutral Potential GrowthPairCorr
  0.72VMNFX Vanguard Market Neutral Potential GrowthPairCorr
  0.95VMSIX Vanguard Multi SectorPairCorr
  0.93VMVAX Vanguard Mid CapPairCorr
  0.93VMVIX Vanguard Mid CapPairCorr
  0.95VMVFX Vanguard Global MinimumPairCorr
  0.93VMVLX Vanguard Mega CapPairCorr
  0.61VNJTX Vanguard New JerseyPairCorr
  0.98VPADX Vanguard Pacific StockPairCorr
  0.98VPACX Vanguard Pacific StockPairCorr
  0.96VPCCX Vanguard PrimecapPairCorr
  0.98VPKIX Vanguard Pacific StockPairCorr
  0.96VPMCX Vanguard PrimecapPairCorr
  0.96VPMAX Vanguard PrimecapPairCorr
  0.94NAESX Vanguard Small CapPairCorr
  0.97VQNPX Vanguard Growth AndPairCorr
  0.84VRTPX Vanguard Reit IiPairCorr
  0.94VADGX Vanguard Advice SelectPairCorr
  0.97VAGVX Vanguard Advice SelectPairCorr
  0.95VAIGX Vanguard Advice SelectPairCorr
  0.62VAIPX Vanguard Inflation-protecPairCorr
  0.94VSCIX Vanguard Small CapPairCorr
  0.98VSCGX Vanguard LifestrategyPairCorr
  0.94VSCPX Vanguard Small CapPairCorr
  0.9VSCSX Vanguard Short TermPairCorr
  0.69VSBIX Vanguard Short TermPairCorr
  0.73VSBSX Vanguard Short TermPairCorr
  0.96VSEMX Vanguard Extended MarketPairCorr
  0.95VSEQX 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 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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