Vanguard Intermediate Correlations

Etfs . USA . 
Etf . Vanguard Intermediate Term Corporate
VCIT Etf  USD 81.81  0.22  0.27%   
The current 90-days correlation between Vanguard Intermediate and Vanguard Short Term Corporate is 0.93 (i.e., Almost no 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

Good diversification

The correlation between Vanguard Intermediate Term Cor and DJI is -0.07 (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 Cor 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 Corporate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Vanguard Etf

  1.0LQD iShares iBoxx Investment Aggressive PushPairCorr
  1.0IGIB iShares 5 10PairCorr
  1.0USIG iShares Broad USDPairCorr
  0.99SPIB SPDR Barclays IntermPairCorr
  1.0SUSC iShares ESG USDPairCorr
  1.0QLTA iShares AaaPairCorr
  1.0CORP PIMCO Investment GradePairCorr
  1.0FLCO Franklin Liberty InvPairCorr
  1.0GIGB Goldman Sachs AccessPairCorr
  1.0VTC Vanguard Total CorporatePairCorr
  0.98BND Vanguard Total BondPairCorr
  0.77VEA Vanguard FTSE DevelopedPairCorr
  0.86KO Coca Cola Sell-off TrendPairCorr
  0.67JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.7PFE Pfizer Inc Aggressive PushPairCorr

Moving against Vanguard Etf

  0.68VUG Vanguard Growth IndexPairCorr
  0.63VTI Vanguard Total StockPairCorr
  0.62SPY SPDR SP 500 Aggressive PushPairCorr
  0.62IVV iShares Core SPPairCorr
  0.62VO Vanguard Mid CapPairCorr
  0.6VB Vanguard Small CapPairCorr
  0.49VTV Vanguard Value Index Sell-off TrendPairCorr
  0.81JPM JPMorgan Chase Sell-off TrendPairCorr
  0.76BAC Bank of America Aggressive PushPairCorr
  0.75CSCO Cisco Systems Aggressive PushPairCorr
  0.65AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.61TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.58WMT Walmart Aggressive PushPairCorr
  0.58DIS Walt Disney Aggressive PushPairCorr
  0.47T ATT Inc Aggressive PushPairCorr

Related Correlations Analysis

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Vanguard Intermediate Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Intermediate ETF 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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