Vanguard Value Correlations

Mutual Funds . USA . 
Fund . Vanguard Value Index
VIVIX Fund  USD 69.47  0.95  1.39%   
The current 90-days correlation between Vanguard Value Index and Ab Municipal Bond is 0.21 (i.e., Modest 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

Very weak diversification

The correlation between Vanguard Value Index and DJI is 0.59 (i.e., Very weak 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

  0.83VMIAX Vanguard Materials IndexPairCorr
  0.65VMLUX Vanguard Limited TermPairCorr
  0.65VMLTX Vanguard Limited TermPairCorr
  0.84VMNVX Vanguard Global MinimumPairCorr
  0.7VMMSX Vanguard Emerging MarketsPairCorr
  0.66VSIGX Vanguard Intermediate-terPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.81VTTHX Vanguard Target RetiPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.78VDVIX Vanguard DevelopedPairCorr
  0.69VENAX Vanguard Energy IndexPairCorr
  0.93VFAIX Vanguard Financials IndexPairCorr
  0.72VFFSX Vanguard 500 IndexPairCorr
  0.62VFICX Vanguard Intermediate-terPairCorr
  0.83VFORX Vanguard Target RetiPairCorr
  0.81VGPMX Vanguard Global Capital Potential GrowthPairCorr
  0.78VGSIX Vanguard Reit IndexPairCorr
  0.91VHCIX Vanguard Health CarePairCorr
  0.86VIAAX Vanguard InternationalPairCorr
  0.79VLACX Vanguard Large CapPairCorr
  0.62VMGRX Vanguard Mid CapPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.86AFMFX American MutualPairCorr
  0.86FFMMX American Funds AmericanPairCorr
  0.86FFFMX American Funds AmericanPairCorr
  0.86AMRMX American MutualPairCorr
  0.86AMFFX American MutualPairCorr

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.

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