Vanguard Mortgage Correlations

Etfs . USA . 
Etf . Vanguard Mortgage Backed Securities
VMBS Etf  USD 46.28  0.33  0.72%   
The current 90-days correlation between Vanguard Mortgage and Vanguard Intermediate Term Treasury is 0.96 (i.e., Almost no diversification). The correlation of Vanguard Mortgage 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 Mortgage Correlation With Market

Significant diversification

The correlation between Vanguard Mortgage Backed Secur and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Mortgage Backed Secur 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 Mortgage Backed Securities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Vanguard Etf

  0.97GOVT iShares Treasury BondPairCorr
  1.0MBB iShares MBS ETFPairCorr
  0.98IEI iShares 3 7PairCorr
  0.99SPTI SPDR Portfolio InterPairCorr
  1.0SPMB SPDR Portfolio MortgagePairCorr
  0.99ITE SPDR Bloomberg BarclaysPairCorr
  1.0JMBS Janus Henderson MortPairCorr
  0.99FLGV Franklin Liberty TreasuryPairCorr
  1.0MBSD FlexShares DisciplinedPairCorr
  0.99OWNS Quaker Investment TrustPairCorr
  0.94FXY Invesco CurrencySharesPairCorr
  1.0PMBS PIMCO Mortgage BackedPairCorr
  0.75GDXU MicroSectors Gold MinersPairCorr
  0.87TRV The Travelers Companies Sell-off TrendPairCorr
  0.93VZ Verizon Communications Sell-off TrendPairCorr
  0.72PG Procter Gamble Sell-off TrendPairCorr
  0.7IBM International BusinessPairCorr
  0.93T ATT Inc Sell-off TrendPairCorr

Moving against Vanguard Etf

  0.88WGMI Valkyrie Bitcoin MinersPairCorr
  0.65AXP American ExpressPairCorr
  0.83MSFT MicrosoftPairCorr
  0.8AA Alcoa CorpPairCorr
  0.7CAT CaterpillarPairCorr
  0.67HPQ HP IncPairCorr
  0.6BAC Bank of AmericaPairCorr
  0.58HD Home DepotPairCorr
  0.54DIS Walt DisneyPairCorr
  0.48MRK Merck CompanyPairCorr
  0.31BA BoeingPairCorr

Related Correlations Analysis

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Vanguard Mortgage Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Mortgage ETF 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 Mortgage'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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