Vanguard Total Correlations

Mutual Funds . USA . 
Fund . Vanguard Total Bond
VBMPX Fund  USD 9.55  0.03  0.32%   
The current 90-days correlation between Vanguard Total Bond and Transamerica Cleartrack Retirement is 0.72 (i.e., Poor 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

Modest diversification

The correlation between Vanguard Total Bond and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total Bond 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 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 american community survey.

Moving together with Vanguard Mutual Fund

  0.73VMIAX Vanguard Materials IndexPairCorr
  0.78VMLUX Vanguard Limited TermPairCorr
  0.78VMLTX Vanguard Limited TermPairCorr
  0.84VMNVX Vanguard Global MinimumPairCorr
  0.73VMMSX Vanguard Emerging MarketsPairCorr
  0.7VMVAX Vanguard Mid CapPairCorr
  0.7VMVIX Vanguard Mid CapPairCorr
  0.81VPCCX Vanguard PrimecapPairCorr
  0.83VPMCX Vanguard PrimecapPairCorr
  0.78NAESX Vanguard Small CapPairCorr
  0.73VSEQX Vanguard Strategic EquityPairCorr
  0.75VASGX Vanguard LifestrategyPairCorr
  0.8VSGAX Vanguard Small CapPairCorr
  0.69VASVX Vanguard Selected ValuePairCorr
  0.75VSIAX Vanguard Small CapPairCorr
  0.75VSIIX Vanguard Small CapPairCorr
  0.98VSIGX Vanguard Intermediate-terPairCorr
  0.78VSMAX Vanguard Small CapPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.7VSTSX Vanguard Total StockPairCorr
  0.76VSVNX Vanguard Target RetiPairCorr
  1.0VBILX Vanguard Intermediate-terPairCorr
  1.0VTBSX Vanguard Total BondPairCorr
  0.89VTABX Vanguard Total InterPairCorr
  0.88VTHRX Vanguard Target RetiPairCorr
  0.72VTIAX Vanguard Total InterPairCorr
  1.0VBTLX Vanguard Total BondPairCorr
  1.0VBTIX Vanguard Total BondPairCorr
  0.71VTISX Vanguard Total InterPairCorr

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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