Vanguard Large-cap Correlations

VLCAX Fund

USD 134.22 0.24 0.18%

The current 90-days correlation between Vanguard Large Cap and Vanguard Mid Cap Growth is 0.92 (i.e., Almost no diversification). The correlation of Vanguard Large-cap 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 Large-cap Correlation With Market

Good diversification

The correlation between Vanguard Large Cap Index and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Large Cap 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 Large Cap 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 nation.

Moving together with VANGUARD Mutual Fund

0.65	VMIAX	Vanguard Materials Index	Pair Corr
0.79	VMVAX	Vanguard Mid Cap	Pair Corr
0.86	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSEMX	Vanguard Extended Market	Pair Corr
0.94	VSGAX	Vanguard Small Cap	Pair Corr
0.86	VSIAX	Vanguard Small Cap	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VTMFX	Vanguard Tax Managed	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
0.67	VVIAX	Vanguard Value Index	Pair Corr

Moving against VANGUARD Mutual Fund

0.54	VSGBX	Vanguard Short Term	Pair Corr
0.52	VBTLX	Vanguard Total Bond	Pair Corr
0.46	VTBIX	Vanguard Total Bond	Pair Corr
0.46	VTBNX	Vanguard Total Bond	Pair Corr
0.46	VBTIX	Vanguard Total Bond	Pair Corr
0.35	VBLIX	Vanguard Long Term	Pair Corr
0.53	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.4	VEUSX	Vanguard European Stock Potential Growth	Pair Corr
0.39	VWSUX	Vanguard Short Term	Pair Corr
0.33	VWESX	Vanguard Long Term	Pair Corr

Related Correlations Analysis

	VMGMX	VVIAX	VSGAX	VIMAX	VMVAX
VMGMX		0.7	0.93	0.99	0.81	VMGMX
VVIAX	0.7		0.46	0.78	0.74	VVIAX
VSGAX	0.93	0.46		0.91	0.74	VSGAX
VIMAX	0.99	0.78	0.91		0.86	VIMAX
VMVAX	0.81	0.74	0.74	0.86		VMVAX
	VMGMX	VVIAX	VSGAX	VIMAX	VMVAX

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Risk-Adjusted Indicators

There is a big difference between VANGUARD Mutual Fund performing well and Vanguard Large-cap 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 Large-cap'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VMGMX	0.99	(0.04)	0.00	(0.74)	0.00	0.00	1.85	(2.79)	4.95
VVIAX	0.64	0.02	0.02	(0.38)	0.71	(0.70)	1.23	(1.23)	3.41
VSGAX	1.09	(0.13)	0.00	(1.45)	0.00	0.00	2.01	(2.87)	5.23
VIMAX	0.73	0.00	0.00	0.00	0.00	0.00	1.47	(1.76)	3.37
VMVAX	0.67	(0.02)	0.00	(0.03)	0.00	0.00	1.24	(1.12)	3.24

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