Vanguard Emerging Correlations

Mutual Funds . USA . 
Fund . Vanguard Emerging Markets
VGAVX Fund  USD 16.18  0.02  0.12%   
The current 90-days correlation between Vanguard Emerging Markets and Vanguard Global Ex Us is -0.02 (i.e., Good diversification). The correlation of Vanguard Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Vanguard Emerging Markets and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging 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 Emerging 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 real.

Moving together with Vanguard Mutual Fund

  0.92VMLUX Vanguard Limited TermPairCorr
  0.92VMLTX Vanguard Limited TermPairCorr
  0.91VMNVX Vanguard Global MinimumPairCorr
  0.83VMMSX Vanguard Emerging MarketsPairCorr
  0.94VMSIX Vanguard Multi SectorPairCorr
  0.9VMVFX Vanguard Global MinimumPairCorr
  0.67VNJUX Vanguard New JerseyPairCorr
  0.65VNJTX Vanguard New JerseyPairCorr
  0.73VOHIX Vanguard Ohio LongPairCorr
  0.82VPADX Vanguard Pacific StockPairCorr
  0.82VPACX Vanguard Pacific StockPairCorr
  0.74VPALX Vanguard PennsylvaniaPairCorr
  0.74VPAIX Vanguard PennsylvaniaPairCorr
  0.82VPKIX Vanguard Pacific StockPairCorr
  0.74VRTPX Vanguard Reit IiPairCorr
  0.65VAGVX Vanguard Advice SelectPairCorr
  0.69VAIGX Vanguard Advice SelectPairCorr
  0.98VAIPX Vanguard Inflation-protecPairCorr
  0.93VSCSX Vanguard Short TermPairCorr
  0.89VSBIX Vanguard Short TermPairCorr
  0.91VSBSX Vanguard Short TermPairCorr

Moving against Vanguard Mutual Fund

  0.43VMNIX Vanguard Market NeutralPairCorr
  0.43VMNFX Vanguard Market NeutralPairCorr
  0.6NAESX Vanguard Small CapPairCorr
  0.6VSCIX Vanguard Small CapPairCorr
  0.42VQNPX Vanguard Growth AndPairCorr
  0.63VSGIX Vanguard Small CapPairCorr
  0.6VSCPX Vanguard Small CapPairCorr
  0.58VSGAX Vanguard Small CapPairCorr
  0.57VSEMX Vanguard Extended MarketPairCorr
  0.55VSIIX Vanguard Small CapPairCorr
  0.54VSIAX Vanguard Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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