Vanguard Reit Correlations

VGSIX Fund

USD 31.20 0.26 0.84%

The current 90-days correlation between Vanguard Reit Index and Forum Funds is 0.4 (i.e., Very weak diversification). The correlation of Vanguard Reit 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 Reit Correlation With Market

Very weak diversification

The correlation between Vanguard Reit Index and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Reit Index 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 Reit Index. 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

0.85	O	Realty Income	Pair Corr
0.73	HR	Healthcare Realty Trust	Pair Corr
0.82	WY	Weyerhaeuser	Pair Corr
0.62	ADC-PA	Agree Realty	Pair Corr
0.86	DOUG	Douglas Elliman	Pair Corr
0.62	VNO-PL	Vornado Realty Trust	Pair Corr
0.64	VNO-PM	Vornado Realty Trust	Pair Corr
0.87	VICI	VICI Properties	Pair Corr
0.78	ELME	Elme Communities	Pair Corr
0.83	EPRT	Essential Properties	Pair Corr

Related Correlations Analysis

	FLXIX	XAVKX	GCV	FCVSX	FCSKX	GACCX	ARBOX	PBXIX
FLXIX		0.54	0.56	-0.02	0.31	0.7	0.85	0.56	FLXIX
XAVKX	0.54		0.76	0.75	0.91	0.7	0.6	0.94	XAVKX
GCV	0.56	0.76		0.5	0.67	0.77	0.65	0.81	GCV
FCVSX	-0.02	0.75	0.5		0.89	0.36	0.11	0.73	FCVSX
FCSKX	0.31	0.91	0.67	0.89		0.64	0.44	0.9	FCSKX
GACCX	0.7	0.7	0.77	0.36	0.64		0.85	0.77	GACCX
ARBOX	0.85	0.6	0.65	0.11	0.44	0.85		0.65	ARBOX
PBXIX	0.56	0.94	0.81	0.73	0.9	0.77	0.65		PBXIX
	FLXIX	XAVKX	GCV	FCVSX	FCSKX	GACCX	ARBOX	PBXIX

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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

PBXIX	+ 0.94	XAVKX
FCSKX	+ 0.91	XAVKX
PBXIX	+ 0.9	FCSKX
FCSKX	+ 0.89	FCVSX
ARBOX	+ 0.85	FLXIX
ARBOX	+ 0.85	GACCX

High negative correlations

FCVSX

- 0.02

FLXIX

Risk-Adjusted Indicators

There is a big difference between VANGUARD Mutual Fund performing well and Vanguard Reit 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 Reit'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
FLXIX	0.11	0.00	0.09	(0.04)	0.13	(0.15)	0.19	(0.19)	0.87
XAVKX	0.48	(0.05)	0.00	(0.23)	0.00	0.00	0.72	(0.81)	2.39
GCV	0.94	(0.03)	0.00	(0.07)	0.00	0.00	1.83	(1.55)	5.96
FCVSX	0.69	(0.14)	0.00	(0.34)	0.00	0.00	0.97	(1.51)	5.06
FCSKX	0.48	(0.08)	0.00	(0.23)	0.00	0.00	0.76	(0.90)	2.53
GACCX	0.49	0.02	0.04	0.02	0.66	(0.51)	1.15	(0.93)	2.59
ARBOX	0.06	0.00	0.00	(0.12)	0.00	0.00	0.09	(0.09)	1.33
PBXIX	0.37	(0.05)	0.00	(0.25)	0.00	0.00	0.63	(0.88)	2.46

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