Vanguard International Correlations

Mutual Funds . USA . 
Fund . Vanguard International Growth
VWILX Fund  USD 106.65  0.39  0.37%   
The correlation of Vanguard International 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 International Correlation With Market

Poor diversification

The correlation between Vanguard International Growth and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard International Growth 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 International Growth. 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 bureau of economic analysis.

Moving together with Vanguard Mutual Fund

  0.69VMIAX Vanguard Materials IndexPairCorr
  0.61VMLUX Vanguard Limited TermPairCorr
  0.61VMLTX Vanguard Limited TermPairCorr
  0.71VMNVX Vanguard Global MinimumPairCorr
  0.76VMMSX Vanguard Emerging MarketsPairCorr
  0.71VMVFX Vanguard Global MinimumPairCorr
  0.85VMVLX Vanguard Mega CapPairCorr
  0.83VPADX Vanguard Pacific StockPairCorr
  0.83VPACX Vanguard Pacific StockPairCorr
  0.64VPCCX Vanguard PrimecapPairCorr
  0.83VPKIX Vanguard Pacific StockPairCorr
  0.75VPMCX Vanguard PrimecapPairCorr
  0.77VRTPX Vanguard Reit IiPairCorr
  0.65VAGVX Vanguard Advice SelectPairCorr
  0.9VAIGX Vanguard Advice Select Potential GrowthPairCorr
  0.66VSCGX Vanguard LifestrategyPairCorr
  0.75VASGX Vanguard LifestrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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