Vanguard Funds Correlations

VNGBF Etf

USD 58.68 0.15 0.26%

The current 90-days correlation between Vanguard Funds Public and Vanguard FTSE Canadian is 0.2 (i.e., Modest diversification). The correlation of Vanguard Funds 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.

Vanguard Funds Correlation With Market

Good diversification

The correlation between Vanguard Funds Public and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Funds Public 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 Funds Public. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Vanguard Pink Sheet

0.83	BND	Vanguard Total Bond	Pair Corr
0.86	VEA	Vanguard FTSE Developed	Pair Corr
0.87	FXY	Invesco CurrencyShares	Pair Corr
0.84	PMBS	PIMCO Mortgage Backed	Pair Corr
0.67	AMPD	Tidal Trust II	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.69	IBM	International Business	Pair Corr
0.81	VZ	Verizon Communications	Pair Corr
0.76	MMM	3M Company	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.89	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.83	T	ATT Inc Sell-off Trend	Pair Corr

Moving against Vanguard Pink Sheet

0.82	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.77	MSFT	Microsoft Aggressive Push	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.65	VUG	Vanguard Growth Index	Pair Corr
0.59	VB	Vanguard Small Cap	Pair Corr
0.54	CAT	Caterpillar	Pair Corr
0.5	MRK	Merck Company	Pair Corr
0.49	VTI	Vanguard Total Stock	Pair Corr
0.46	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.46	IVV	iShares Core SP	Pair Corr
0.41	BA	Boeing	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.04	0.59	-0.54	0.32	0.42	0.26	0.9	-0.75	-0.01	META
MSFT	-0.04		-0.62	0.09	-0.79	0.69	0.89	0.1	0.44	-0.52	MSFT
UBER	0.59	-0.62		-0.35	0.8	-0.25	-0.53	0.53	-0.85	0.54	UBER
F	-0.54	0.09	-0.35		-0.05	-0.04	-0.08	-0.39	0.56	0.31	F
T	0.32	-0.79	0.8	-0.05		-0.57	-0.71	0.17	-0.65	0.58	T
A	0.42	0.69	-0.25	-0.04	-0.57		0.79	0.62	0.1	-0.3	A
CRM	0.26	0.89	-0.53	-0.08	-0.71	0.79		0.33	0.24	-0.58	CRM
JPM	0.9	0.1	0.53	-0.39	0.17	0.62	0.33		-0.63	0.07	JPM
MRK	-0.75	0.44	-0.85	0.56	-0.65	0.1	0.24	-0.63		-0.31	MRK
XOM	-0.01	-0.52	0.54	0.31	0.58	-0.3	-0.58	0.07	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.8	UBER
CRM	+ 0.79	A
A	+ 0.69	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Vanguard Funds Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Pink Sheet performing well and Vanguard Funds Company 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 Funds' 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
META	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.12	(0.15)	0.00	(0.28)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.41	0.19	0.74	2.06	(2.04)	4.72	(3.13)	12.75
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.04	0.26	0.16	0.40	1.61	(1.11)	1.90	(1.75)	11.66
A	1.15	(0.15)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.27)	0.00	(0.31)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.09	0.05	0.02	1.74	(1.04)	1.99	(3.35)	6.85
MRK	1.17	(0.11)	0.00	1.52	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89

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