Vanguard Reit Correlations

VGSLX Fund

USD 127.97 1.35 1.04%

The current 90-days correlation between Vanguard Reit Index and Vanguard Emerging Markets is 0.31 (i.e., 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 0.52 (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 bureau of economic analysis.

Moving together with Vanguard Mutual Fund

0.76	O	Realty Income	Pair Corr
0.67	DX	Dynex Capital	Pair Corr
0.85	FR	First Industrial Realty	Pair Corr
0.76	WY	Weyerhaeuser	Pair Corr
0.69	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.64	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.61	DOUG	Douglas Elliman	Pair Corr
0.66	VNO-PL	Vornado Realty Trust	Pair Corr
0.63	VNO-PM	Vornado Realty Trust	Pair Corr
0.72	VICI	VICI Properties	Pair Corr
0.68	MITT-PA	AG Mortgage Investment	Pair Corr
0.75	MITT-PB	AG Mortgage Investment	Pair Corr
0.68	MITT-PC	AG Mortgage Investment	Pair Corr
0.69	ELME	Elme Communities	Pair Corr
0.76	EPRT	Essential Properties	Pair Corr
0.78	WELL	Welltower	Pair Corr
0.66	CDR-PB	Cedar Realty Trust	Pair Corr

Moving against Vanguard Mutual Fund

0.49	PW	Power REIT Earnings Call This Week	Pair Corr
0.4	PK	Park Hotels Resorts	Pair Corr
0.52	WHLR	Wheeler Real Estate	Pair Corr
0.48	WETH	Wetouch Technology Common	Pair Corr
0.46	ESBA	Empire State Realty	Pair Corr
0.4	AAT	American Assets Trust	Pair Corr
0.33	ABR	Arbor Realty Trust	Pair Corr
0.32	FISK	Empire State Realty	Pair Corr

Related Correlations Analysis

	VEMAX	VSMAX	VTIAX	VBTLX	VIMAX
VEMAX		-0.38	0.87	0.69	-0.12	VEMAX
VSMAX	-0.38		-0.47	-0.65	0.92	VSMAX
VTIAX	0.87	-0.47		0.86	-0.12	VTIAX
VBTLX	0.69	-0.65	0.86		-0.36	VBTLX
VIMAX	-0.12	0.92	-0.12	-0.36		VIMAX
	VEMAX	VSMAX	VTIAX	VBTLX	VIMAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

VIMAX	+ 0.92	VSMAX
VTIAX	+ 0.87	VEMAX
VBTLX	+ 0.86	VTIAX
VBTLX	+ 0.69	VEMAX

High negative correlations

VBTLX	- 0.65	VSMAX
VTIAX	- 0.47	VSMAX
VSMAX	- 0.38	VEMAX
VIMAX	- 0.36	VBTLX
VIMAX	- 0.12	VTIAX
VIMAX	- 0.12	VEMAX

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
VEMAX	0.68	0.04	0.08	0.03	0.94	(0.65)	1.34	(1.59)	5.41
VSMAX	0.90	(0.11)	0.00	(0.18)	0.00	0.00	1.44	(2.44)	4.38
VTIAX	0.62	0.10	0.15	0.11	0.76	(0.64)	1.23	(1.27)	4.82
VBTLX	0.23	0.02	0.27	0.39	0.21	(0.28)	0.62	(0.42)	1.39
VIMAX	0.73	(0.04)	0.00	(0.11)	0.00	0.00	1.36	(1.76)	3.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC