Vanguard Short-term Correlations

VFIRX Fund

USD 9.86 0.01 0.10%

The current 90-days correlation between Vanguard Short Term and Guidemark Large Cap is -0.23 (i.e., Very good diversification). The correlation of Vanguard Short-term 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 Short-term Correlation With Market

Significant diversification

The correlation between Vanguard Short Term Treasury and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Short Term Treasury 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 Short Term Treasury. 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 metropolitan statistical area.

Moving together with Vanguard Mutual Fund

0.91	VMLUX	Vanguard Limited Term	Pair Corr
0.91	VMLTX	Vanguard Limited Term	Pair Corr
0.89	VMNVX	Vanguard Global Minimum	Pair Corr
0.78	VMMSX	Vanguard Emerging Markets	Pair Corr
0.86	VMSIX	Vanguard Multi Sector	Pair Corr
0.89	VMVFX	Vanguard Global Minimum	Pair Corr
0.74	VPADX	Vanguard Pacific Stock	Pair Corr
0.74	VPACX	Vanguard Pacific Stock	Pair Corr
0.74	VPKIX	Vanguard Pacific Stock	Pair Corr
0.89	VAIPX	Vanguard Inflation-protec	Pair Corr
0.97	VSCSX	Vanguard Short Term	Pair Corr
0.98	VSBIX	Vanguard Short Term	Pair Corr
0.98	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.79	NAESX	Vanguard Small Cap	Pair Corr
0.61	VQNPX	Vanguard Growth And	Pair Corr
0.54	VMNIX	Vanguard Market Neutral	Pair Corr
0.54	VMNFX	Vanguard Market Neutral	Pair Corr
0.37	VMVIX	Vanguard Mid Cap	Pair Corr
0.88	VSMVX	Vanguard Sp Small	Pair Corr
0.85	VSMSX	Vanguard Sp Small	Pair Corr
0.82	VSTCX	Vanguard Strategic	Pair Corr
0.81	VSGAX	Vanguard Small Cap	Pair Corr
0.81	VSGIX	Vanguard Small Cap	Pair Corr
0.79	VSCPX	Vanguard Small Cap	Pair Corr
0.78	VSPMX	Vanguard Sp Mid	Pair Corr
0.77	VSEQX	Vanguard Strategic Equity	Pair Corr
0.75	VSIIX	Vanguard Small Cap	Pair Corr
0.71	VSCIX	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	GMLVX	VAAGX	FMIQX	TACLX	AMFFX	ANVIX	TALCX	ENGRX
GMLVX		0.07	0.2	0.55	0.56	0.07	0.22	-0.01	GMLVX
VAAGX	0.07		0.64	0.73	0.77	0.91	0.89	0.66	VAAGX
FMIQX	0.2	0.64		0.58	0.47	0.63	0.67	0.44	FMIQX
TACLX	0.55	0.73	0.58		0.91	0.75	0.81	0.48	TACLX
AMFFX	0.56	0.77	0.47	0.91		0.66	0.74	0.45	AMFFX
ANVIX	0.07	0.91	0.63	0.75	0.66		0.96	0.71	ANVIX
TALCX	0.22	0.89	0.67	0.81	0.74	0.96		0.69	TALCX
ENGRX	-0.01	0.66	0.44	0.48	0.45	0.71	0.69		ENGRX
	GMLVX	VAAGX	FMIQX	TACLX	AMFFX	ANVIX	TALCX	ENGRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TALCX	+ 0.96	ANVIX
ANVIX	+ 0.91	VAAGX
AMFFX	+ 0.91	TACLX
TALCX	+ 0.89	VAAGX
TALCX	+ 0.81	TACLX
AMFFX	+ 0.77	VAAGX

High negative correlations

ENGRX

- 0.01

GMLVX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Short-term 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 Short-term'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
GMLVX	0.70	0.06	0.07	0.10	0.88	(0.75)	1.57	(1.62)	5.51
VAAGX	0.66	(0.02)	0.00	0.13	0.00	0.00	1.22	(1.60)	3.27
FMIQX	0.81	(0.12)	0.00	(0.18)	0.00	0.00	1.20	(1.26)	10.22
TACLX	0.62	0.06	0.08	0.05	0.74	(0.63)	1.28	(1.14)	3.10
AMFFX	0.54	0.04	0.11	(0.36)	0.57	(0.61)	1.09	(1.09)	2.75
ANVIX	0.64	0.02	0.03	0.00	0.79	(0.68)	1.22	(1.18)	3.29
TALCX	0.62	0.03	0.04	0.01	0.77	(0.68)	1.36	(1.36)	3.68
ENGRX	0.76	0.06	0.05	2.74	1.38	(0.85)	1.16	(1.12)	10.33

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