Vanguard Short-term Correlations

Mutual Funds . USA . 
Fund . Vanguard Short Term Investment Grade
VFSIX Fund  USD 10.39  0.02  0.19%   
The current 90-days correlation between Vanguard Short Term and Morningstar Defensive Bond is 0.7 (i.e., Poor 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 Investment and DJI is 0.08 (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 Investment 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 Investment Grade. 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 gross domestic product.

Moving together with Vanguard Mutual Fund

  0.92VMLUX Vanguard Limited TermPairCorr
  0.92VMLTX Vanguard Limited TermPairCorr
  0.93VMNVX Vanguard Global MinimumPairCorr
  0.81VMMSX Vanguard Emerging MarketsPairCorr
  0.95VMSIX Vanguard Multi SectorPairCorr
  0.93VMVFX Vanguard Global MinimumPairCorr
  0.8VPADX Vanguard Pacific StockPairCorr
  0.79VPACX Vanguard Pacific StockPairCorr
  0.8VPKIX Vanguard Pacific StockPairCorr
  0.64VRTPX Vanguard Reit IiPairCorr
  0.61VAGVX Vanguard Advice SelectPairCorr
  0.98VAIPX Vanguard Inflation-protecPairCorr
  0.99VSCSX Vanguard Short TermPairCorr
  0.98VSBIX Vanguard Short TermPairCorr
  0.98VSBSX Vanguard Short TermPairCorr
  0.99VSGDX Vanguard Short TermPairCorr
  0.99VSGBX Vanguard Short TermPairCorr

Moving against Vanguard Mutual Fund

  0.72NAESX Vanguard Small CapPairCorr
  0.72VSCIX Vanguard Small CapPairCorr
  0.72VSCPX Vanguard Small CapPairCorr
  0.63VQNPX Vanguard Growth AndPairCorr
  0.49VMNFX Vanguard Market NeutralPairCorr
  0.48VMNIX Vanguard Market NeutralPairCorr
  0.76VSGAX Vanguard Small Cap Potential GrowthPairCorr
  0.76VSGIX Vanguard Small Cap Potential GrowthPairCorr
  0.76VSTCX Vanguard StrategicPairCorr
  0.72VSMAX Vanguard Small CapPairCorr
  0.71VSPMX Vanguard Sp MidPairCorr
  0.7VSEMX Vanguard Extended MarketPairCorr
  0.69VSEQX Vanguard Strategic EquityPairCorr
  0.67VSIAX Vanguard Small CapPairCorr
  0.67VSIIX Vanguard Small CapPairCorr
  0.61VSMPX Vanguard Total StockPairCorr
  0.61VSTSX Vanguard Total StockPairCorr
  0.47VASVX Vanguard Selected ValuePairCorr

Related Correlations Analysis

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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.

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