Vanguard Long-term Correlations

Mutual Funds . USA . 
Fund . Vanguard Long Term Investment Grade
VWETX Fund  USD 7.61  0.07  0.93%   
The current 90-days correlation between Vanguard Long Term and Calvert Short Duration is 0.58 (i.e., Very weak diversification). The correlation of Vanguard Long-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 Long-term Correlation With Market

Average diversification

The correlation between Vanguard Long Term Investment and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Long Term Investment 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 Long Term Investment Grade. 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 estimate.

Moving together with Vanguard Mutual Fund

  0.73VMLUX Vanguard Limited TermPairCorr
  0.73VMLTX Vanguard Limited TermPairCorr
  0.77VMNVX Vanguard Global MinimumPairCorr
  0.67VMMSX Vanguard Emerging MarketsPairCorr
  0.79VMSIX Vanguard Multi SectorPairCorr
  0.77VMVFX Vanguard Global MinimumPairCorr
  0.65VOHIX Vanguard Ohio LongPairCorr
  0.65VPADX Vanguard Pacific StockPairCorr
  0.74VPACX Vanguard Pacific StockPairCorr
  0.66VPALX Vanguard PennsylvaniaPairCorr
  0.65VPAIX Vanguard PennsylvaniaPairCorr
  0.74VPKIX Vanguard Pacific StockPairCorr
  0.75VRTPX Vanguard Reit IiPairCorr
  0.92VAIPX Vanguard Inflation-protecPairCorr
  0.76VSCSX Vanguard Short TermPairCorr
  0.82VSBIX Vanguard Short TermPairCorr
  0.7VSBSX Vanguard Short TermPairCorr

Moving against Vanguard Mutual Fund

  0.5NAESX Vanguard Small CapPairCorr
  0.39VMNFX Vanguard Market NeutralPairCorr
  0.38VMNIX Vanguard Market NeutralPairCorr
  0.36VQNPX Vanguard Growth AndPairCorr
  0.61VSMVX Vanguard Sp SmallPairCorr
  0.59VSMSX Vanguard Sp SmallPairCorr
  0.58VSTCX Vanguard StrategicPairCorr
  0.57VSPMX Vanguard Sp MidPairCorr
  0.56VSCPX Vanguard Small CapPairCorr
  0.53VSGAX Vanguard Small Cap Potential GrowthPairCorr
  0.53VSGIX Vanguard Small Cap Potential GrowthPairCorr
  0.49VSCIX Vanguard Small CapPairCorr
  0.49VSMAX Vanguard Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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