Vanguard Total Correlations

VTIAX Fund

USD 33.88 0.31 0.91%

The current 90-days correlation between Vanguard Total Inter and Vanguard Total Bond is 0.02 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vanguard Total Correlation With Market

Good diversification

The correlation between Vanguard Total International and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total International 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 International. 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 nation.

Moving together with Vanguard Mutual Fund

0.8	VMLUX	Vanguard Limited Term	Pair Corr
0.8	VMLTX	Vanguard Limited Term	Pair Corr
0.69	VMNVX	Vanguard Global Minimum	Pair Corr
0.7	VMMSX	Vanguard Emerging Markets	Pair Corr
0.67	VMSIX	Vanguard Multi Sector	Pair Corr
0.73	VPADX	Vanguard Pacific Stock	Pair Corr
0.73	VPACX	Vanguard Pacific Stock	Pair Corr
0.68	VASIX	Vanguard Lifestrategy	Pair Corr
0.61	VSGBX	Vanguard Short Term	Pair Corr
0.7	VBIMX	Vanguard Intermediate-ter	Pair Corr
0.7	VBILX	Vanguard Intermediate-ter	Pair Corr
0.71	VBIRX	Vanguard Short Term	Pair Corr
0.73	VBLIX	Vanguard Long Term	Pair Corr
0.72	VTBIX	Vanguard Total Bond	Pair Corr
0.69	VTBNX	Vanguard Total Bond	Pair Corr
0.68	VBTLX	Vanguard Total Bond	Pair Corr

Moving against Vanguard Mutual Fund

0.53	VSEMX	Vanguard Extended Market	Pair Corr
0.4	VSCPX	Vanguard Small Cap	Pair Corr
0.39	VMNIX	Vanguard Market Neutral	Pair Corr
0.39	VMNFX	Vanguard Market Neutral	Pair Corr
0.37	VSEQX	Vanguard Strategic Equity	Pair Corr
0.31	VSCIX	Vanguard Small Cap	Pair Corr
0.42	VSGAX	Vanguard Small Cap	Pair Corr
0.33	VSIIX	Vanguard Small Cap	Pair Corr
0.31	VSMAX	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	VBTLX	VTSAX	VTABX	VSMAX	VGSLX
VBTLX		-0.56	0.2	-0.7	0.7	VBTLX
VTSAX	-0.56		0.56	0.96	0.11	VTSAX
VTABX	0.2	0.56		0.42	0.59	VTABX
VSMAX	-0.7	0.96	0.42		-0.08	VSMAX
VGSLX	0.7	0.11	0.59	-0.08		VGSLX
	VBTLX	VTSAX	VTABX	VSMAX	VGSLX

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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

VSMAX	+ 0.96	VTSAX
VGSLX	+ 0.7	VBTLX
VGSLX	+ 0.59	VTABX
VTABX	+ 0.56	VTSAX
VSMAX	+ 0.42	VTABX
VTABX	+ 0.2	VBTLX

High negative correlations

VSMAX	- 0.7	VBTLX
VTSAX	- 0.56	VBTLX
VGSLX	- 0.08	VSMAX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Total 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 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
VBTLX	0.24	0.03	0.19	(0.40)	0.16	(0.28)	0.62	(0.42)	1.39
VTSAX	0.81	(0.08)	0.00	0.48	0.00	0.00	1.56	(1.84)	4.60
VTABX	0.18	(0.01)	0.00	1.27	0.00	0.00	0.41	(0.31)	1.34
VSMAX	0.89	(0.10)	0.00	1.11	0.00	0.00	1.47	(1.84)	4.29
VGSLX	0.90	0.01	0.04	(0.07)	1.18	(0.85)	1.61	(1.97)	4.60

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