Vanguard European Correlations

VEUPX Fund

USD 170.70 0.27 0.16%

The current 90-days correlation between Vanguard European Stock and Energy Basic Materials is 0.5 (i.e., Very weak diversification). The correlation of Vanguard European 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 European Correlation With Market

Very weak diversification

The correlation between Vanguard European Stock and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard European Stock 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 European Stock. 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

0.91	VMLUX	Vanguard Limited Term	Pair Corr
0.91	VMLTX	Vanguard Limited Term	Pair Corr
0.94	VMNVX	Vanguard Global Minimum	Pair Corr
0.92	VMMSX	Vanguard Emerging Markets	Pair Corr
0.93	VMSIX	Vanguard Multi Sector	Pair Corr
0.96	VMVFX	Vanguard Global Minimum	Pair Corr
0.92	VPADX	Vanguard Pacific Stock	Pair Corr
0.92	VPACX	Vanguard Pacific Stock	Pair Corr
0.92	VPKIX	Vanguard Pacific Stock	Pair Corr
0.72	VRTPX	Vanguard Reit Ii	Pair Corr
0.64	VAGVX	Vanguard Advice Select	Pair Corr
0.73	VAIGX	Vanguard Advice Select	Pair Corr
0.94	VAIPX	Vanguard Inflation-protec	Pair Corr
0.95	VSCSX	Vanguard Short Term	Pair Corr
0.93	VSBIX	Vanguard Short Term	Pair Corr
0.94	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.45	VMNFX	Vanguard Market Neutral	Pair Corr
0.44	VMNIX	Vanguard Market Neutral	Pair Corr
0.57	NAESX	Vanguard Small Cap	Pair Corr
0.57	VSCIX	Vanguard Small Cap	Pair Corr
0.45	VQNPX	Vanguard Growth And	Pair Corr
0.62	VSGAX	Vanguard Small Cap	Pair Corr
0.62	VSGIX	Vanguard Small Cap	Pair Corr
0.57	VSCPX	Vanguard Small Cap	Pair Corr
0.57	VSMAX	Vanguard Small Cap	Pair Corr
0.55	VSEMX	Vanguard Extended Market	Pair Corr
0.51	VSEQX	Vanguard Strategic Equity	Pair Corr

Related Correlations Analysis

	SEPIX	VENAX	FIKAX	TMLAX	HNRGX
SEPIX		0.94	0.9	0.91	0.96	SEPIX
VENAX	0.94		0.96	0.93	0.99	VENAX
FIKAX	0.9	0.96		0.91	0.96	FIKAX
TMLAX	0.91	0.93	0.91		0.94	TMLAX
HNRGX	0.96	0.99	0.96	0.94		HNRGX
	SEPIX	VENAX	FIKAX	TMLAX	HNRGX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEPIX	0.74	0.07	0.08	0.10	0.98	(0.78)	1.44	(1.69)	4.34
VENAX	0.99	0.11	0.08	0.16	1.44	(0.92)	2.08	(2.51)	6.05
FIKAX	1.01	0.10	0.07	0.12	1.52	(0.97)	1.80	(2.57)	6.59
TMLAX	1.04	0.12	0.09	0.15	1.31	(1.11)	1.88	(2.24)	6.23
HNRGX	0.89	0.12	0.09	0.17	1.31	(0.84)	1.80	(2.30)	5.81

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