Vanguard Growth Correlations

VUG Etf

USD 388.34 7.98 2.10%

The current 90-days correlation between Vanguard Growth Index and Vanguard Value Index is 0.58 (i.e., Very weak diversification). The correlation of Vanguard Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Vanguard Growth Index and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Growth Index 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 Growth Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Vanguard Etf

1.0	IWF	iShares Russell 1000	Pair Corr
0.99	IVW	iShares SP 500	Pair Corr
0.99	SPYG	SPDR Portfolio SP	Pair Corr
0.99	IUSG	iShares Core SP	Pair Corr
1.0	VONG	Vanguard Russell 1000	Pair Corr
1.0	MGK	Vanguard Mega Cap	Pair Corr
1.0	VRGWX	Vanguard Russell 1000	Pair Corr
0.99	QQQM	Invesco NASDAQ 100	Pair Corr
1.0	IWY	iShares Russell Top	Pair Corr
0.87	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.89	HPQ	HP Inc	Pair Corr
0.9	AXP	American Express Sell-off Trend	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.79	MSFT	Microsoft	Pair Corr
0.84	BAC	Bank of America Sell-off Trend	Pair Corr

Moving against Vanguard Etf

0.69	PMBS	PIMCO Mortgage Backed	Pair Corr
0.66	AMPD	Tidal Trust II	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.64	FXY	Invesco CurrencyShares	Pair Corr
0.54	T	ATT Inc Earnings Call Today	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr
0.69	VZ	Verizon Communications	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.48	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.42	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	VTV	VGT	VBK	VIG	VYM
VTV		0.22	0.38	0.89	0.99	VTV
VGT	0.22		0.93	0.55	0.28	VGT
VBK	0.38	0.93		0.65	0.42	VBK
VIG	0.89	0.55	0.65		0.92	VIG
VYM	0.99	0.28	0.42	0.92		VYM
	VTV	VGT	VBK	VIG	VYM

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Vanguard Growth Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Growth 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 Growth'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VTV	0.65	0.03	(0.03)	1.26	(1.23)	3.41
VGT	1.32	(0.11)	(0.17)	2.00	(3.41)	7.60
VBK	1.06	(0.13)	(0.19)	1.77	(2.80)	5.21
VIG	0.65	(0.01)	(0.08)	1.04	(1.52)	3.14
VYM	0.67	0.02	(0.04)	1.26	(1.33)	3.46

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