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 0.94 (i.e., Almost no 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%

Very weak diversification

The correlation between Vanguard Star Fund and DJI is 0.46 (i.e., Very 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

  0.75VMIAX Vanguard Materials IndexPairCorr
  0.77VMNVX Vanguard Global MinimumPairCorr
  0.74VMVAX Vanguard Mid CapPairCorr
  0.74VMVIX Vanguard Mid CapPairCorr
  0.69VNJUX Vanguard New JerseyPairCorr
  0.71VNJTX Vanguard New JerseyPairCorr
  0.75VNYTX Vanguard New YorkPairCorr
  0.74VNYUX Vanguard New YorkPairCorr
  0.73VOHIX Vanguard Ohio LongPairCorr
  0.81VPCCX Vanguard PrimecapPairCorr
  0.74VPALX Vanguard PennsylvaniaPairCorr
  0.75VPAIX Vanguard PennsylvaniaPairCorr
  0.83VPMCX Vanguard PrimecapPairCorr
  0.72NAESX Vanguard Small CapPairCorr
  0.86VQNPX Vanguard Growth AndPairCorr
  0.81VRTPX Vanguard Reit IiPairCorr
  0.9VADGX Vanguard Advice SelectPairCorr
  0.86VAGVX Vanguard Advice SelectPairCorr
  0.72VSCIX Vanguard Small CapPairCorr
  0.98VSCGX Vanguard LifestrategyPairCorr
  0.72VSCPX Vanguard Small CapPairCorr
  0.68VSEMX Vanguard Extended MarketPairCorr
  0.81VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.33VSBSX Vanguard Short TermPairCorr
  0.31VSBIX Vanguard Short TermPairCorr

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.