Vanguard Intermediate-ter Correlations

Mutual Funds . USA . 
Fund . Vanguard Intermediate Term Bond
VBIIX Fund  USD 10.33  0.06  0.58%   
The current 90-days correlation between Vanguard Intermediate-ter and Morningstar Defensive Bond is 0.02 (i.e., Significant diversification). The correlation of Vanguard Intermediate-ter 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-ter Correlation With Market

Significant diversification

The correlation between Vanguard Intermediate Term Bon and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Intermediate Term Bon 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 Bond. 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 gross domestic product.

Moving together with Vanguard Mutual Fund

  0.9VMLUX Vanguard Limited TermPairCorr
  0.9VMLTX Vanguard Limited TermPairCorr
  0.92VMNVX Vanguard Global MinimumPairCorr
  0.79VMMSX Vanguard Emerging MarketsPairCorr
  0.94VMSIX Vanguard Multi SectorPairCorr
  0.92VMVFX Vanguard Global MinimumPairCorr
  0.77VPADX Vanguard Pacific StockPairCorr
  0.77VPACX Vanguard Pacific StockPairCorr
  0.77VPKIX Vanguard Pacific StockPairCorr
  0.67VRTPX Vanguard Reit IiPairCorr
  0.96VAIPX Vanguard Inflation-protecPairCorr
  0.98VSCSX Vanguard Short TermPairCorr
  0.96VSBIX Vanguard Short TermPairCorr
  0.96VSBSX Vanguard Short TermPairCorr
  0.95VSGDX Vanguard Short TermPairCorr
  0.98VSGBX Vanguard Short TermPairCorr

Moving against Vanguard Mutual Fund

  0.72NAESX Vanguard Small CapPairCorr
  0.72VSCIX Vanguard Small CapPairCorr
  0.68VSCPX Vanguard Small CapPairCorr
  0.58VQNPX Vanguard Growth AndPairCorr
  0.49VMNFX Vanguard Market NeutralPairCorr
  0.48VMNIX Vanguard Market NeutralPairCorr
  0.76VSGIX Vanguard Small Cap Potential GrowthPairCorr
  0.76VSTCX Vanguard StrategicPairCorr
  0.73VSGAX Vanguard Small Cap Potential GrowthPairCorr
  0.71VSPMX Vanguard Sp MidPairCorr
  0.7VSEQX Vanguard Strategic EquityPairCorr
  0.68VSMAX Vanguard Small CapPairCorr
  0.67VSEMX Vanguard Extended MarketPairCorr
  0.67VSIIX Vanguard Small CapPairCorr
  0.62VSIAX Vanguard Small CapPairCorr
  0.61VSMVX Vanguard Sp SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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