Vanguard Long-term Correlations

Mutual Funds . USA . 
Fund . Vanguard Long Term Porate
VLCIX Fund  USD 25.24  0.03  0.12%   
The current 90-days correlation between Vanguard Long Term and Ab All Market is 0.23 (i.e., Modest diversification). The correlation of Vanguard Long-term 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 Long-term Correlation With Market

Average diversification

The correlation between Vanguard Long Term Porate and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Long Term Porate 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 Long Term Porate. 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

  0.82VMLUX Vanguard Limited TermPairCorr
  0.82VMLTX Vanguard Limited TermPairCorr
  0.87VMNVX Vanguard Global MinimumPairCorr
  0.74VMMSX Vanguard Emerging MarketsPairCorr
  0.9VMSIX Vanguard Multi SectorPairCorr
  0.85VMVFX Vanguard Global MinimumPairCorr
  0.73VNJUX Vanguard New JerseyPairCorr
  0.72VNJTX Vanguard New JerseyPairCorr
  0.68VNYTX Vanguard New YorkPairCorr
  0.68VNYUX Vanguard New YorkPairCorr
  0.78VOHIX Vanguard Ohio LongPairCorr
  0.75VPADX Vanguard Pacific StockPairCorr
  0.75VPACX Vanguard Pacific StockPairCorr
  0.78VPALX Vanguard PennsylvaniaPairCorr
  0.79VPAIX Vanguard PennsylvaniaPairCorr
  0.75VPKIX Vanguard Pacific StockPairCorr
  0.83VRTPX Vanguard Reit IiPairCorr
  0.67VAGVX Vanguard Advice SelectPairCorr
  0.66VAIGX Vanguard Advice SelectPairCorr
  0.87VAIPX Vanguard Inflation-protecPairCorr
  0.85VSCSX Vanguard Short TermPairCorr
  0.78VSBIX Vanguard Short TermPairCorr
  0.76VSBSX Vanguard Short TermPairCorr

Moving against Vanguard Mutual Fund

  0.47NAESX Vanguard Small CapPairCorr
  0.34VMNIX Vanguard Market NeutralPairCorr
  0.34VMNFX Vanguard Market NeutralPairCorr
  0.54VSMVX Vanguard Sp SmallPairCorr
  0.52VSMSX Vanguard Sp SmallPairCorr
  0.51VSGIX Vanguard Small CapPairCorr
  0.47VSCIX Vanguard Small CapPairCorr
  0.47VSCPX Vanguard Small CapPairCorr
  0.47VSGAX Vanguard Small CapPairCorr
  0.46VSPMX Vanguard Sp MidPairCorr
  0.45VSEMX Vanguard Extended MarketPairCorr
  0.45VSTCX Vanguard StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Long-term 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 Long-term'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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