Vanguard Total Correlations

Mutual Funds . USA . 
Fund . Vanguard Total Stock
VTSMX Fund  USD 135.72  2.08  1.56%   
The current 90-days correlation between Vanguard Total Stock and Putnam Global Technology is 0.97 (i.e., Almost no diversification). The correlation of Vanguard Total 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 Total Correlation With Market

Good diversification

The correlation between Vanguard Total Stock and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total Stock 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 Total Stock. 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

  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.97CISGX Touchstone Sands CapitalPairCorr
  0.89AXP American ExpressPairCorr
  0.97BAC Bank of AmericaPairCorr
  0.81DD Dupont De NemoursPairCorr
  0.88JPM JPMorgan ChasePairCorr
  0.74MSFT MicrosoftPairCorr
  0.73BA BoeingPairCorr
  0.8MMM 3M CompanyPairCorr
  0.65WMT WalmartPairCorr
  0.93DIS Walt Disney Earnings Call TomorrowPairCorr
  0.89HPQ HP IncPairCorr
  0.83GE GE AerospacePairCorr
  0.9CSCO Cisco SystemsPairCorr

Moving against Vanguard Mutual Fund

  0.64MIDSX Midas Fund MidasPairCorr
  0.61PMPIX Precious Metals UltrPairCorr
  0.61FGADX Franklin Gold PreciousPairCorr
  0.61FKRCX Franklin Gold PreciousPairCorr
  0.6PMPSX Precious Metals UltrPairCorr
  0.5MGOIX Mainstay GovernmentPairCorr
  0.61VZ Verizon CommunicationsPairCorr
  0.56T ATT Inc Earnings Call This WeekPairCorr
  0.49FMUSX Federated MunicipalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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