Vanguard Short-term Correlations

VSBIX Fund

USD 24.58 0.04 0.16%

The current 90-days correlation between Vanguard Short Term and Touchstone Small Cap is -0.07 (i.e., Good diversification). The correlation of Vanguard Short-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 Short-term Correlation With Market

Good diversification

The correlation between Vanguard Short Term Government and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Short Term Government 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 Short Term Government. 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

0.87	VMLUX	Vanguard Limited Term	Pair Corr
0.87	VMLTX	Vanguard Limited Term	Pair Corr
0.91	VMNVX	Vanguard Global Minimum	Pair Corr
0.81	VMMSX	Vanguard Emerging Markets	Pair Corr
0.92	VMSIX	Vanguard Multi Sector	Pair Corr
0.9	VMVFX	Vanguard Global Minimum	Pair Corr
0.8	VPADX	Vanguard Pacific Stock	Pair Corr
0.8	VPACX	Vanguard Pacific Stock Potential Growth	Pair Corr
0.8	VPKIX	Vanguard Pacific Stock	Pair Corr
0.64	VAGVX	Vanguard Advice Select	Pair Corr
0.95	VAIPX	Vanguard Inflation-protec	Pair Corr
0.99	VSCSX	Vanguard Short Term	Pair Corr
1.0	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.76	NAESX	Vanguard Small Cap	Pair Corr
0.64	VQNPX	Vanguard Growth And	Pair Corr
0.49	VMNIX	Vanguard Market Neutral	Pair Corr
0.49	VMNFX	Vanguard Market Neutral	Pair Corr
0.84	VSMVX	Vanguard Sp Small	Pair Corr
0.82	VSMSX	Vanguard Sp Small	Pair Corr
0.8	VSGIX	Vanguard Small Cap Potential Growth	Pair Corr
0.8	VSTCX	Vanguard Strategic	Pair Corr
0.77	VSGAX	Vanguard Small Cap	Pair Corr
0.75	VSCIX	Vanguard Small Cap	Pair Corr
0.75	VSEMX	Vanguard Extended Market	Pair Corr
0.73	VSPMX	Vanguard Sp Mid	Pair Corr
0.72	VSCPX	Vanguard Small Cap	Pair Corr
0.72	VSEQX	Vanguard Strategic Equity	Pair Corr

Related Correlations Analysis

	TVOYX	ANTMX	CMPAX	DFUKX	LMBMX	OWSMX	GLVIX
TVOYX		0.38	0.92	-0.26	0.96	0.81	0.83	TVOYX
ANTMX	0.38		0.4	0.65	0.27	0.74	0.68	ANTMX
CMPAX	0.92	0.4		-0.2	0.91	0.69	0.76	CMPAX
DFUKX	-0.26	0.65	-0.2		-0.32	0.22	0.14	DFUKX
LMBMX	0.96	0.27	0.91	-0.32		0.71	0.74	LMBMX
OWSMX	0.81	0.74	0.69	0.22	0.71		0.91	OWSMX
GLVIX	0.83	0.68	0.76	0.14	0.74	0.91		GLVIX
	TVOYX	ANTMX	CMPAX	DFUKX	LMBMX	OWSMX	GLVIX

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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

LMBMX	+ 0.96	TVOYX
CMPAX	+ 0.92	TVOYX
LMBMX	+ 0.91	CMPAX
GLVIX	+ 0.91	OWSMX
GLVIX	+ 0.83	TVOYX
OWSMX	+ 0.81	TVOYX

High negative correlations

LMBMX	- 0.32	DFUKX
DFUKX	- 0.26	TVOYX
DFUKX	- 0.2	CMPAX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Short-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 Short-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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TVOYX	0.81	(0.02)	0.00	(0.05)	0.00	0.00	1.52	(1.83)	4.01
ANTMX	0.71	0.03	0.05	(0.28)	0.96	(0.75)	1.48	(1.52)	5.64
CMPAX	0.72	(0.06)	0.00	0.85	0.00	0.00	1.21	(1.62)	3.50
DFUKX	0.76	0.02	0.04	(0.12)	1.11	(0.72)	1.96	(1.50)	6.05
LMBMX	0.97	(0.08)	0.00	(0.09)	0.00	0.00	2.03	(1.99)	5.60
OWSMX	0.60	0.02	0.04	0.00	0.73	(0.63)	1.19	(1.33)	3.89
GLVIX	0.91	0.00	0.00	(0.03)	0.00	0.00	1.52	(2.01)	5.60

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