Vanguard Value Correlations

VIVIX Fund  USD 67.36  0.31  0.46%   
The current 90-days correlation between Vanguard Value Index and Barings Global Floating is -0.12 (i.e., Good diversification). The correlation of Vanguard Value 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 Value Correlation With Market

Significant diversification

The correlation between Vanguard Value Index and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Value 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 Value 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 gross domestic product.

Moving together with Vanguard Mutual Fund

  0.88VMIAX Vanguard Materials IndexPairCorr
  0.73VMVAX Vanguard Mid CapPairCorr
  0.73VMVIX Vanguard Mid CapPairCorr
  0.85VMVLX Vanguard Mega CapPairCorr
  0.7VPCCX Vanguard PrimecapPairCorr
  0.91VPMCX Vanguard PrimecapPairCorr
  0.91VPMAX Vanguard PrimecapPairCorr
  0.72VRTPX Vanguard Reit IiPairCorr
  0.73VADGX Vanguard Advice SelectPairCorr
  0.83VAGVX Vanguard Advice SelectPairCorr
  0.74VAIGX Vanguard Advice SelectPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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