Vanguard Intermediate-ter Correlations

Mutual Funds . USA . 
Fund . Vanguard Intermediate Term Bond
VBILX Fund  USD 10.33  0.03  0.29%   
The current 90-days correlation between Vanguard Intermediate-ter and Vanguard Short Term Bond is 0.15 (i.e., Average 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

Good diversification

The correlation between Vanguard Intermediate Term Bon and DJI is -0.2 (i.e., Good 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 bureau of economic analysis.

Moving together with Vanguard Mutual Fund

  0.71VMIAX Vanguard Materials IndexPairCorr
  0.64VMLUX Vanguard Limited TermPairCorr
  0.64VMLTX Vanguard Limited TermPairCorr
  0.85VMNVX Vanguard Global MinimumPairCorr
  0.63VMMSX Vanguard Emerging MarketsPairCorr
  0.83VMSIX Vanguard Multi SectorPairCorr
  0.77VMVAX Vanguard Mid CapPairCorr
  0.76VMVIX Vanguard Mid CapPairCorr
  0.65VMVFX Vanguard Global MinimumPairCorr
  0.61VMVLX Vanguard Mega CapPairCorr
  0.84VNJUX Vanguard New JerseyPairCorr
  0.85VNJTX Vanguard New JerseyPairCorr
  0.87VNYTX Vanguard New YorkPairCorr
  0.87VNYUX Vanguard New YorkPairCorr
  0.85VOHIX Vanguard Ohio LongPairCorr
  0.71VPADX Vanguard Pacific StockPairCorr
  0.72VPACX Vanguard Pacific StockPairCorr
  0.77VPCCX Vanguard PrimecapPairCorr
  0.92VPALX Vanguard PennsylvaniaPairCorr
  0.86VPAIX Vanguard PennsylvaniaPairCorr
  0.77VPKIX Vanguard Pacific StockPairCorr
  0.78VPMCX Vanguard PrimecapPairCorr
  0.67VQNPX Vanguard Growth AndPairCorr
  0.85VRTPX Vanguard Reit IiPairCorr
  0.68VADGX Vanguard Advice SelectPairCorr
  0.75VAGVX Vanguard Advice SelectPairCorr
  0.9VAIPX Vanguard InflationPairCorr
  0.66VSCGX Vanguard LifestrategyPairCorr
  0.64VSEQX 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 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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