Vanguard Wellesley Correlations

VWINX Fund

USD 25.23 0.03 0.12%

The current 90-days correlation between Vanguard Wellesley Income and Vanguard Wellington Fund is 0.07 (i.e., Significant diversification). The correlation of Vanguard Wellesley 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 Wellesley Correlation With Market

Very good diversification

The correlation between Vanguard Wellesley Income and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Wellesley Income 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 Wellesley Income. 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 board of governors.

Moving together with Vanguard Mutual Fund

0.89	VMLUX	Vanguard Limited Term	Pair Corr
0.89	VMLTX	Vanguard Limited Term	Pair Corr
0.92	VMNVX	Vanguard Global Minimum	Pair Corr
0.81	VMMSX	Vanguard Emerging Markets	Pair Corr
0.95	VMSIX	Vanguard Multi Sector	Pair Corr
0.92	VMVFX	Vanguard Global Minimum	Pair Corr
0.75	VMVLX	Vanguard Mega Cap	Pair Corr
0.69	VNJUX	Vanguard New Jersey	Pair Corr
0.68	VNJTX	Vanguard New Jersey	Pair Corr
0.63	VNYTX	Vanguard New York	Pair Corr
0.63	VNYUX	Vanguard New York	Pair Corr
0.72	VOHIX	Vanguard Ohio Long	Pair Corr
0.86	VPADX	Vanguard Pacific Stock	Pair Corr
0.86	VPACX	Vanguard Pacific Stock	Pair Corr
0.73	VPAIX	Vanguard Pennsylvania	Pair Corr
0.86	VPKIX	Vanguard Pacific Stock	Pair Corr
0.85	VRTPX	Vanguard Reit Ii	Pair Corr
0.79	VAGVX	Vanguard Advice Select	Pair Corr
0.83	VAIGX	Vanguard Advice Select	Pair Corr
0.91	VAIPX	Vanguard Inflation-protec	Pair Corr
0.88	VSCSX	Vanguard Short Term	Pair Corr
0.81	VSBIX	Vanguard Short Term	Pair Corr
0.82	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.32	NAESX	Vanguard Small Cap	Pair Corr
0.46	VSMVX	Vanguard Sp Small	Pair Corr
0.42	VSMSX	Vanguard Sp Small	Pair Corr
0.38	VSGIX	Vanguard Small Cap	Pair Corr
0.37	VSTCX	Vanguard Strategic	Pair Corr
0.32	VSCIX	Vanguard Small Cap	Pair Corr
0.32	VSCPX	Vanguard Small Cap	Pair Corr
0.32	VSGAX	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	VWELX	VDIGX	VFIIX	VEIPX	VFSTX
VWELX		0.25	-0.46	0.05	-0.61	VWELX
VDIGX	0.25		0.3	0.57	0.22	VDIGX
VFIIX	-0.46	0.3		0.32	0.94	VFIIX
VEIPX	0.05	0.57	0.32		0.28	VEIPX
VFSTX	-0.61	0.22	0.94	0.28		VFSTX
	VWELX	VDIGX	VFIIX	VEIPX	VFSTX

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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

VFSTX	+ 0.94	VFIIX
VEIPX	+ 0.57	VDIGX
VEIPX	+ 0.32	VFIIX
VFIIX	+ 0.3	VDIGX
VFSTX	+ 0.28	VEIPX
VDIGX	+ 0.25	VWELX

High negative correlations

VFSTX	- 0.61	VWELX
VFIIX	- 0.46	VWELX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Wellesley 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 Wellesley'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
VWELX	0.69	(0.16)	0.00	(0.19)	0.00	0.00	0.93	(1.38)	9.09
VDIGX	0.61	(0.04)	0.00	0.21	0.00	0.00	0.95	(1.44)	3.57
VFIIX	0.23	0.02	0.04	0.40	0.22	(0.26)	0.55	(0.43)	1.44
VEIPX	0.73	(0.09)	0.00	(0.13)	0.00	0.00	1.11	(1.15)	9.15
VFSTX	0.11	0.01	0.05	(0.25)	0.00	(0.17)	0.29	(0.19)	0.78

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