Vanguard Federal Correlations

VMFXX Fund

USD 1.00 0.00 0.00%

The current 90-days correlation between Vanguard Federal Money and Vanguard Municipal Bond is -0.02 (i.e., Good diversification). The correlation of Vanguard Federal 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 Federal Correlation With Market

Good diversification

The correlation between Vanguard Federal Money and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Federal Money 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 Federal Money. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Vanguard Money Market Fund

0.95	VMSXX	Vanguard Municipal Bond	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.62	VITSX	Vanguard Total Stock	Pair Corr
0.64	VFINX	Vanguard 500 Index	Pair Corr
0.62	VFFSX	Vanguard 500 Index	Pair Corr
0.65	RNGHX	New Economy Fund	Pair Corr
0.67	BSGLX	Long Term	Pair Corr
0.63	RNGBX	New Economy Fund	Pair Corr
0.62	GTAIX	Power Global Tactical	Pair Corr
0.62	RGAFX	Growth Fund	Pair Corr
0.63	CLM	Cornerstone Strategic	Pair Corr
0.62	MIEZX	Mm Sp 500	Pair Corr
0.62	MMDEX	Praxis Growth Index	Pair Corr

Related Correlations Analysis

	VMSXX	CPGAX	MDLOX	RGPFX	FDHCX	GMRIX	RNGHX	RQECX	RNNEX
VMSXX		0.52	0.26	0.35	0.63	0.47	0.65	0.84	0.65	VMSXX
CPGAX	0.52		0.91	0.94	0.72	0.74	0.85	0.72	0.86	CPGAX
MDLOX	0.26	0.91		0.93	0.64	0.67	0.68	0.52	0.68	MDLOX
RGPFX	0.35	0.94	0.93		0.54	0.62	0.7	0.51	0.71	RGPFX
FDHCX	0.63	0.72	0.64	0.54		0.89	0.79	0.83	0.78	FDHCX
GMRIX	0.47	0.74	0.67	0.62	0.89		0.8	0.76	0.79	GMRIX
RNGHX	0.65	0.85	0.68	0.7	0.79	0.8		0.86	1.0	RNGHX
RQECX	0.84	0.72	0.52	0.51	0.83	0.76	0.86		0.85	RQECX
RNNEX	0.65	0.86	0.68	0.71	0.78	0.79	1.0	0.85		RNNEX
	VMSXX	CPGAX	MDLOX	RGPFX	FDHCX	GMRIX	RNGHX	RQECX	RNNEX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Money Market Fund performing well and Vanguard Federal Money Market 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 Federal'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
VMSXX	0.03	0.01	0.00	(2.53)	0.00	0.00	0.00	0.00	1.01
CPGAX	0.52	0.03	(0.01)	0.15	0.52	(0.57)	1.18	(1.03)	3.47
MDLOX	0.35	0.01	(0.13)	0.11	0.31	(0.39)	0.87	(0.70)	2.23
RGPFX	0.31	(0.01)	(0.16)	0.08	0.31	(0.36)	0.64	(0.64)	1.89
FDHCX	0.08	0.01	(0.78)	0.34	0.00	(0.12)	0.17	(0.11)	0.72
GMRIX	0.90	0.02	0.07	0.12	0.75	(1.05)	2.09	(1.50)	7.56
RNGHX	0.62	0.15	0.07	1.25	0.62	(0.69)	1.47	(1.15)	4.07
RQECX	0.98	0.27	0.13	(1.43)	0.84	(1.14)	2.63	(1.57)	5.96
RNNEX	0.62	0.15	0.07	1.23	0.62	(0.69)	1.47	(1.17)	4.08

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Vanguard Federal Correlations

Vanguard Federal Correlation With Market

Good diversification

Moving together with Vanguard Money Market Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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