Vanguard Developed Correlations

Mutual Funds . USA . 
Fund . Vanguard Developed Markets
VDIPX Fund  USD 24.96  0.11  0.44%   
The current 90-days correlation between Vanguard Developed and Strategic Allocation Aggressive is 0.76 (i.e., Poor diversification). The correlation of Vanguard Developed 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 Developed Correlation With Market

Very weak diversification

The correlation between Vanguard Developed Markets and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Developed Markets 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 Developed Markets. 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

  0.73VMNIX Vanguard Market NeutralPairCorr
  0.73VMNFX Vanguard Market NeutralPairCorr
  0.95VPADX Vanguard Pacific StockPairCorr
  0.95VPACX Vanguard Pacific StockPairCorr
  0.95VPKIX Vanguard Pacific StockPairCorr
  0.82VAIPX Vanguard Inflation-protecPairCorr
  0.62VSCSX Vanguard Short TermPairCorr
  0.73VASIX Vanguard LifestrategyPairCorr

Moving against Vanguard Mutual Fund

  0.56NAESX Vanguard Small CapPairCorr
  0.52VQNPX Vanguard Growth AndPairCorr
  0.47VMVAX Vanguard Mid CapPairCorr
  0.47VMVIX Vanguard Mid CapPairCorr
  0.4VMVLX Vanguard Mega CapPairCorr
  0.59VSGAX Vanguard Small CapPairCorr
  0.59VSGIX Vanguard Small CapPairCorr
  0.57VSMVX Vanguard Sp SmallPairCorr
  0.56VSCIX Vanguard Small CapPairCorr
  0.56VSCPX Vanguard Small CapPairCorr
  0.56VSMAX Vanguard Small CapPairCorr
  0.56VSTCX Vanguard StrategicPairCorr
  0.53VSEQX Vanguard Strategic EquityPairCorr
  0.53VSIAX Vanguard Small CapPairCorr
  0.53VSIIX Vanguard Small CapPairCorr
  0.53VSMPX Vanguard Total StockPairCorr
  0.53VSTSX Vanguard Total StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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