Vanguard Intermediate Correlations

Mutual Funds . USA . 
Fund . Vanguard Intermediate Term Tax Exempt
VWIUX Fund  USD 13.77  0.02  0.15%   
The current 90-days correlation between Vanguard Intermediate and Vanguard Limited Term Tax Exempt is 0.36 (i.e., Weak diversification). The correlation of Vanguard Intermediate 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 Intermediate Correlation With Market

Very good diversification

The correlation between Vanguard Intermediate Term Tax and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Intermediate Term Tax 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 Intermediate Term Tax Exempt. 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 employment.

Moving together with Vanguard Mutual Fund

  0.98VMLUX Vanguard Limited TermPairCorr
  0.98VMLTX Vanguard Limited TermPairCorr
  0.75VMNVX Vanguard Global MinimumPairCorr
  0.72VMNIX Vanguard Market NeutralPairCorr
  0.69VMNFX Vanguard Market NeutralPairCorr
  0.93VMSIX Vanguard Multi SectorPairCorr
  0.8VMVAX Vanguard Mid CapPairCorr
  0.8VMVIX Vanguard Mid CapPairCorr
  0.76VMVFX Vanguard Global MinimumPairCorr
  0.74VMVLX Vanguard Mega CapPairCorr
  0.97VNJUX Vanguard New JerseyPairCorr
  1.0VNJTX Vanguard New JerseyPairCorr
  0.97VNYTX Vanguard New YorkPairCorr
  0.97VNYUX Vanguard New YorkPairCorr
  0.97VOHIX Vanguard Ohio LongPairCorr
  0.97VPALX Vanguard PennsylvaniaPairCorr
  0.97VPAIX Vanguard PennsylvaniaPairCorr
  0.89VRTPX Vanguard Reit IiPairCorr
  0.84VADGX Vanguard Advice SelectPairCorr
  0.61VAGVX Vanguard Advice SelectPairCorr
  0.93VAIPX Vanguard InflationPairCorr
  0.79VSCGX Vanguard LifestrategyPairCorr
  0.94VSCSX Vanguard Short TermPairCorr
  0.94VSBIX Vanguard Short TermPairCorr
  0.97VSBSX Vanguard Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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