Vanguard Global Correlations

Mutual Funds . USA . 
Fund . Vanguard Global Equity
VHGEX Fund  USD 38.45  0.01  0.03%   
The current 90-days correlation between Vanguard Global Equity and Vanguard Strategic Equity is 0.77 (i.e., Poor diversification). The correlation of Vanguard Global 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 Global Correlation With Market

Poor diversification

The correlation between Vanguard Global Equity and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Equity 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 Global Equity. 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 income.

Moving together with Vanguard Mutual Fund

  0.89VMIAX Vanguard Materials IndexPairCorr
  0.74VMNVX Vanguard Global MinimumPairCorr
  0.88VMVAX Vanguard Mid CapPairCorr
  0.88VMVIX Vanguard Mid CapPairCorr
  0.74VMVFX Vanguard Global MinimumPairCorr
  0.89VMVLX Vanguard Mega CapPairCorr
  0.93VPCCX Vanguard PrimecapPairCorr
  0.88VPMCX Vanguard PrimecapPairCorr
  0.88VPMAX Vanguard PrimecapPairCorr
  0.85NAESX Vanguard Small CapPairCorr
  0.91VQNPX Vanguard Growth AndPairCorr
  0.94VAGVX Vanguard Advice SelectPairCorr
  0.87VAIGX Vanguard Advice SelectPairCorr
  0.85VSCIX Vanguard Small CapPairCorr
  0.66VSCGX Vanguard LifestrategyPairCorr
  0.85VSCPX Vanguard Small CapPairCorr
  0.82VSEMX Vanguard Extended MarketPairCorr
  0.88VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.62VSIGX Vanguard IntermediatePairCorr
  0.43VSGDX Vanguard Short TermPairCorr
  0.43VSGBX Vanguard Short TermPairCorr
  0.4VAIPX Vanguard Inflation-protecPairCorr

Related Correlations Analysis

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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   
VASVX
+ 0.96
VSEQX
VINEX
+ 0.91
VTRIX
VEIEX
+ 0.63
VTRIX
VEIEX
+ 0.31
VSEQX
VEIEX
+ 0.3
VASVX
VEIEX
+ 0.3
VINEX
  
High negative correlations   
VINEX
- 0.54
VSEQX
VINEX
- 0.38
VASVX
VTRIX
- 0.38
VSEQX
VASVX
- 0.26
VTRIX

Risk-Adjusted Indicators

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

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