Vanguard Total Correlations

Mutual Funds . USA . 
Fund . Vanguard Total Stock
VITSX Fund  USD 142.60  0.71  0.50%   
The current 90-days correlation between Vanguard Total Stock and Vanguard Total International is 0.71 (i.e., Poor diversification). The correlation of Vanguard Total 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 Total Correlation With Market

Very weak diversification

The correlation between Vanguard Total Stock and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total Stock 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 Total Stock. 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 state.

Moving together with Vanguard Mutual Fund

  0.63VMLUX Vanguard Limited TermPairCorr
  0.63VMLTX Vanguard Limited TermPairCorr
  0.68VMMSX Vanguard Emerging MarketsPairCorr
  0.68VMVFX Vanguard Global MinimumPairCorr
  0.79VPACX Vanguard Pacific StockPairCorr
  0.67VPCCX Vanguard PrimecapPairCorr
  0.7VPMCX Vanguard PrimecapPairCorr
  0.67VSMAX Vanguard Small CapPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  0.67VTCAX Vanguard TelecommunicatioPairCorr
  0.69VTMGX Vanguard DevelopedPairCorr
  0.62VTRIX Vanguard InternationalPairCorr
  0.92VTTHX Vanguard Target RetiPairCorr
  0.72VDEQX Vanguard DiversifiedPairCorr
  0.67VDIGX Vanguard Dividend GrowthPairCorr
  0.74VVIAX Vanguard Value IndexPairCorr
  0.76VDVIX Vanguard DevelopedPairCorr
  0.62VEIEX Vanguard Emerging MarketsPairCorr
  0.65VWEHX Vanguard High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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