Vanguard Star Correlations

VGSTX Fund  USD 28.17  0.30  1.05%   
The current 90-days correlation between Vanguard Star and Vanguard Wellington Fund is 0.11 (i.e., Average diversification). The correlation of Vanguard Star 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 Star Correlation With Market

VanguardDowDiversified AwayVanguardDowDiversified Away100%

Weak diversification

The correlation between Vanguard Star Fund and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Star Fund 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 Star Fund. 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 estimate.

Moving together with Vanguard Mutual Fund

  0.76VMIAX Vanguard Materials IndexPairCorr
  0.76VMNVX Vanguard Global MinimumPairCorr
  0.74VMVAX Vanguard Mid CapPairCorr
  0.74VMVIX Vanguard Mid CapPairCorr
  0.7VNJUX Vanguard New JerseyPairCorr
  0.7VNJTX Vanguard New JerseyPairCorr
  0.73VNYTX Vanguard New YorkPairCorr
  0.73VNYUX Vanguard New YorkPairCorr
  0.72VOHIX Vanguard Ohio LongPairCorr
  0.61VPADX Vanguard Pacific StockPairCorr
  0.62VPACX Vanguard Pacific StockPairCorr
  0.77VPCCX Vanguard PrimecapPairCorr
  0.73VPALX Vanguard PennsylvaniaPairCorr
  0.73VPAIX Vanguard PennsylvaniaPairCorr
  0.61VPKIX Vanguard Pacific StockPairCorr
  0.78VPMCX Vanguard PrimecapPairCorr
  0.68NAESX Vanguard Small CapPairCorr
  0.86VQNPX Vanguard Growth AndPairCorr
  0.81VRTPX Vanguard Reit IiPairCorr
  0.86VADGX Vanguard Advice SelectPairCorr
  0.85VAGVX Vanguard Advice SelectPairCorr
  0.66VSCIX Vanguard Small CapPairCorr
  0.9VSCGX Vanguard LifestrategyPairCorr
  0.66VSCPX Vanguard Small CapPairCorr
  0.61VSEMX Vanguard Extended MarketPairCorr
  0.76VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

Trending Assets

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VWELX
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