Vanguard Emerging Correlations

VGIVX Fund

USD 25.67 0.02 0.08%

The current 90-days correlation between Vanguard Emerging Markets and Vanguard Emerging Markets is 0.99 (i.e., No risk reduction). 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

Average diversification

The correlation between Vanguard Emerging Markets and DJI is 0.19 (i.e., Average 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

0.76	FGBMX	Fidelity New Markets	Pair Corr
0.75	FGZMX	Fidelity New Markets	Pair Corr
0.76	FGWMX	Fidelity New Markets	Pair Corr
0.76	FGVMX	Fidelity New Markets	Pair Corr
0.78	FGYMX	Fidelity New Markets	Pair Corr
0.8	MEDIX	Mfs Emerging Markets	Pair Corr
0.79	MEDCX	Mfs Emerging Markets	Pair Corr
0.79	MEDAX	Mfs Emerging Markets	Pair Corr
0.79	MEDBX	Mfs Emerging Markets	Pair Corr
0.79	MEDEX	Mfs Emerging Markets	Pair Corr
0.83	RYCTX	Sp 500 2x	Pair Corr
0.8	JHBCX	Jhancock Blue Chip	Pair Corr
0.7	T	ATT Inc Earnings Call This Week	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.66	PG	Procter Gamble Earnings Call Tomorrow	Pair Corr

Moving against Vanguard Mutual Fund

0.41

PFE

Pfizer Inc Fiscal Year End 4th of February 2025

Pair Corr

Related Correlations Analysis

	VGAVX	VMNVX	VTCIX	VTSIX	VFSNX
VGAVX		0.66	0.65	0.73	0.63	VGAVX
VMNVX	0.66		0.31	0.66	0.66	VMNVX
VTCIX	0.65	0.31		0.79	0.04	VTCIX
VTSIX	0.73	0.66	0.79		0.37	VTSIX
VFSNX	0.63	0.66	0.04	0.37		VFSNX
	VGAVX	VMNVX	VTCIX	VTSIX	VFSNX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VGAVX	0.22	(0.01)	0.00	(0.15)	0.00	0.00	0.38	(0.43)	1.87
VMNVX	0.41	(0.08)	0.00	(0.24)	0.00	0.00	0.65	(0.75)	4.35
VTCIX	0.61	0.03	0.03	0.07	0.87	(0.61)	1.26	(1.36)	5.71
VTSIX	0.86	0.02	0.02	0.04	1.09	(0.94)	1.69	(1.53)	10.12
VFSNX	0.51	(0.11)	0.00	(0.36)	0.00	0.00	1.02	(1.16)	3.39

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