Vanguard Extended Correlations

Mutual Funds . USA . 
Fund . Vanguard Extended Market
VSEMX Fund  USD 220.84  1.50  0.67%   
The current 90-days correlation between Vanguard Extended Market and Calamos Dynamic Convertible is 0.54 (i.e., Very weak diversification). The correlation of Vanguard Extended 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 Extended Correlation With Market

Poor diversification

The correlation between Vanguard Extended Market and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Extended Market 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 Extended Market. 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 population.

Moving together with VANGUARD Mutual Fund

  0.72VMNIX Vanguard Market NeutralPairCorr
  0.72VMNFX Vanguard Market NeutralPairCorr
  0.77VMVAX Vanguard Mid CapPairCorr
  0.77VMVIX Vanguard Mid CapPairCorr
  0.72VPCCX Vanguard PrimecapPairCorr
  0.61VPMCX Vanguard PrimecapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.91VQNPX Vanguard Growth AndPairCorr
  0.65VADGX Vanguard Advice SelectPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  0.96VSEQX Vanguard Strategic EquityPairCorr

Moving against VANGUARD Mutual Fund

  0.5VMLUX Vanguard Limited TermPairCorr
  0.5VMLTX Vanguard Limited TermPairCorr
  0.47VMSIX Vanguard Multi SectorPairCorr
  0.45VMVFX Vanguard Global MinimumPairCorr
  0.44VMNVX Vanguard Global MinimumPairCorr
  0.44VMMSX Vanguard Emerging MarketsPairCorr
  0.31VPADX Vanguard Pacific StockPairCorr
  0.31VPACX Vanguard Pacific StockPairCorr
  0.31VPKIX Vanguard Pacific StockPairCorr
  0.74VSIGX Vanguard Intermediate-terPairCorr
  0.72VSBIX Vanguard Short TermPairCorr
  0.71VSBSX Vanguard Short TermPairCorr
  0.7VSGDX Vanguard Short TermPairCorr
  0.69VSGBX Vanguard Short TermPairCorr
  0.64VSCSX Vanguard Short TermPairCorr
  0.6VAIPX Vanguard Inflation-protecPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between VANGUARD Mutual Fund performing well and Vanguard Extended 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 Extended'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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