Vanguard Global Correlations
| VMNVX Fund | USD 32.07 0.13 0.41% |
The current 90-days correlation between Vanguard Global Minimum and Vanguard Global Minimum is 0.03 (i.e., Significant diversification). The correlation of Vanguard Global 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 Global Correlation With Market
Very weak diversification
The correlation between Vanguard Global Minimum and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Minimum and DJI in the same portfolio, assuming nothing else is changed.
Vanguard |
Moving together with Vanguard Mutual Fund
| 0.77 | VMIAX | Vanguard Materials Index | PairCorr |
| 0.8 | VMLUX | Vanguard Limited Term | PairCorr |
| 0.7 | VMMSX | Vanguard Emerging Markets | PairCorr |
| 0.82 | VMSIX | Vanguard Multi Sector | PairCorr |
| 0.8 | VMVAX | Vanguard Mid Cap | PairCorr |
| 0.8 | VMVIX | Vanguard Mid Cap | PairCorr |
| 0.92 | VMVFX | Vanguard Global Minimum | PairCorr |
| 0.81 | VMVLX | Vanguard Mega Cap | PairCorr |
| 0.76 | VNJUX | Vanguard New Jersey | PairCorr |
| 0.85 | VNJTX | Vanguard New Jersey | PairCorr |
| 0.84 | VNYTX | Vanguard New York | PairCorr |
| 0.74 | VNYUX | Vanguard New York | PairCorr |
| 0.83 | VOHIX | Vanguard Ohio Long | PairCorr |
| 0.9 | VPADX | Vanguard Pacific Stock | PairCorr |
| 0.9 | VPACX | Vanguard Pacific Stock | PairCorr |
| 0.84 | VPCCX | Vanguard Primecap | PairCorr |
| 0.75 | VPALX | Vanguard Pennsylvania | PairCorr |
| 0.75 | VPAIX | Vanguard Pennsylvania | PairCorr |
| 0.86 | VPKIX | Vanguard Pacific Stock | PairCorr |
| 0.88 | VPMCX | Vanguard Primecap | PairCorr |
| 0.71 | VPMAX | Vanguard Primecap | PairCorr |
| 0.85 | VRTPX | Vanguard Reit Ii | PairCorr |
| 0.77 | VADGX | Vanguard Advice Select | PairCorr |
| 0.77 | VAGVX | Vanguard Advice Select | PairCorr |
| 0.68 | VAIGX | Vanguard Advice Select | PairCorr |
| 0.87 | VAIPX | Vanguard Inflation | PairCorr |
| 0.68 | VSCSX | Vanguard Short Term | PairCorr |
Related Correlations Analysis
| 0.78 | 0.78 | 0.85 | 0.94 | VMVFX | ||
| 0.78 | 0.59 | 0.72 | 0.83 | VGWAX | ||
| 0.78 | 0.59 | 0.97 | 0.75 | VTCLX | ||
| 0.85 | 0.72 | 0.97 | 0.82 | VTMFX | ||
| 0.94 | 0.83 | 0.75 | 0.82 | VGYAX | ||
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Risk-Adjusted Indicators
There is a big difference between Vanguard Mutual Fund performing well and Vanguard Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VMVFX | 0.36 | 0.00 | (0.01) | (0.19) | 0.45 | 0.71 | 2.04 | |||
| VGWAX | 0.39 | (0.05) | 0.00 | (0.15) | 0.00 | 0.75 | 6.13 | |||
| VTCLX | 0.63 | (0.02) | 0.00 | 0.10 | 0.00 | 1.10 | 3.91 | |||
| VTMFX | 0.34 | (0.02) | 0.00 | (0.07) | 0.00 | 0.62 | 2.02 | |||
| VGYAX | 0.22 | 0.00 | 0.00 | 0.02 | 0.32 | 0.55 | 1.65 |