Vanguard Total Correlations

VTC Etf

USD 76.63 0.18 0.23%

The current 90-days correlation between Vanguard Total Corporate and Vanguard Total World is 0.91 (i.e., Almost no diversification). The correlation of Vanguard Total 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 Total Correlation With Market

Good diversification

The correlation between Vanguard Total Corporate and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total Corporate 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 Total Corporate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Vanguard Etf

1.0	LQD	iShares iBoxx Investment	Pair Corr
0.99	IGIB	iShares 5 10	Pair Corr
1.0	USIG	iShares Broad USD	Pair Corr
0.98	SPIB	SPDR Barclays Interm	Pair Corr
1.0	SUSC	iShares ESG USD	Pair Corr
1.0	QLTA	iShares Aaa	Pair Corr
1.0	CORP	PIMCO Investment Grade	Pair Corr
0.95	FLCO	Franklin Liberty Inv	Pair Corr
0.95	GIGB	Goldman Sachs Access	Pair Corr
0.94	PMBS	PIMCO Mortgage Backed	Pair Corr
0.91	YCL	ProShares Ultra Yen	Pair Corr
0.89	FXY	Invesco CurrencyShares	Pair Corr
0.67	ULE	ProShares Ultra Euro	Pair Corr
0.69	GDXU	MicroSectors Gold Miners	Pair Corr
0.84	KO	Coca Cola Sell-off Trend	Pair Corr
0.7	IBM	International Business	Pair Corr
0.77	PG	Procter Gamble	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.8	MCD	McDonalds	Pair Corr

Moving against Vanguard Etf

0.68	MSFT	Microsoft Aggressive Push	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.5	BAC	Bank of America Aggressive Push	Pair Corr
0.49	MRK	Merck Company	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.39	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	BNDW	VCLT	VWOB	VMBS	VTEB
BNDW		0.9	0.87	0.91	0.78	BNDW
VCLT	0.9		0.91	0.88	0.79	VCLT
VWOB	0.87	0.91		0.91	0.7	VWOB
VMBS	0.91	0.88	0.91		0.61	VMBS
VTEB	0.78	0.79	0.7	0.61		VTEB
	BNDW	VCLT	VWOB	VMBS	VTEB

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Vanguard Total Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Total ETF 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 Total'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
BNDW	0.20	0.00	0.14	0.03	0.23	(0.23)	0.44	(0.48)	1.28
VCLT	0.49	(0.01)	0.00	(0.13)	0.00	0.00	1.11	(0.79)	2.49
VWOB	0.27	0.02	0.13	0.08	0.31	(0.29)	0.61	(0.46)	1.53
VMBS	0.25	0.02	0.17	(0.29)	0.25	(0.29)	0.58	(0.46)	1.43
VTEB	0.19	(0.02)	0.00	(0.39)	0.00	0.00	0.36	(0.42)	0.95

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