Vanguard Total Correlations

VBMPX Fund

USD 9.63 0.08 0.84%

The current 90-days correlation between Vanguard Total Bond and Blackrock Government Bond is 0.94 (i.e., Almost no 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 Bond and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total Bond 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 Bond. 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 american community survey.

Moving together with Vanguard Mutual Fund

0.66	VNJUX	Vanguard New Jersey	Pair Corr
0.66	VNJTX	Vanguard New Jersey	Pair Corr
0.69	VNYTX	Vanguard New York	Pair Corr
0.69	VNYUX	Vanguard New York	Pair Corr
0.65	VOHIX	Vanguard Ohio Long	Pair Corr
0.68	VPADX	Vanguard Pacific Stock	Pair Corr
0.68	VPACX	Vanguard Pacific Stock	Pair Corr
0.63	VPALX	Vanguard Pennsylvania	Pair Corr
0.64	VPAIX	Vanguard Pennsylvania	Pair Corr
0.68	VPKIX	Vanguard Pacific Stock	Pair Corr
0.96	VAIPX	Vanguard Inflation-protec	Pair Corr
0.78	VSCSX	Vanguard Short Term	Pair Corr
0.8	VSBIX	Vanguard Short Term	Pair Corr
0.78	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.76	VQNPX	Vanguard Growth And	Pair Corr
0.72	NAESX	Vanguard Small Cap	Pair Corr
0.63	VMVAX	Vanguard Mid Cap	Pair Corr
0.63	VMVIX	Vanguard Mid Cap	Pair Corr
0.61	VMVLX	Vanguard Mega Cap	Pair Corr
0.57	VPCCX	Vanguard Primecap	Pair Corr
0.49	VAIGX	Vanguard Advice Select	Pair Corr
0.44	VPMCX	Vanguard Primecap	Pair Corr
0.44	VPMAX	Vanguard Primecap	Pair Corr
0.39	VAGVX	Vanguard Advice Select	Pair Corr
0.34	VMIAX	Vanguard Materials Index	Pair Corr
0.76	VSEMX	Vanguard Extended Market	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.73	VSGAX	Vanguard Small Cap	Pair Corr
0.73	VSGIX	Vanguard Small Cap	Pair Corr
0.72	VSCIX	Vanguard Small Cap	Pair Corr
0.72	VSCPX	Vanguard Small Cap	Pair Corr
0.72	VSMAX	Vanguard Small Cap	Pair Corr
0.71	VSEQX	Vanguard Strategic Equity	Pair Corr

Related Correlations Analysis

	BIGLX	DIPXX	JGIFX	SMAAX	TWACX	CGTAX	VSBSX
BIGLX		-0.74	1.0	0.89	0.91	0.99	0.74	BIGLX
DIPXX	-0.74		-0.77	-0.5	-0.52	-0.74	-0.34	DIPXX
JGIFX	1.0	-0.77		0.87	0.91	1.0	0.74	JGIFX
SMAAX	0.89	-0.5	0.87		0.84	0.88	0.75	SMAAX
TWACX	0.91	-0.52	0.91	0.84		0.93	0.92	TWACX
CGTAX	0.99	-0.74	1.0	0.88	0.93		0.77	CGTAX
VSBSX	0.74	-0.34	0.74	0.75	0.92	0.77		VSBSX
	BIGLX	DIPXX	JGIFX	SMAAX	TWACX	CGTAX	VSBSX

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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

JGIFX	+ 1.0	BIGLX
CGTAX	+ 1.0	JGIFX
CGTAX	+ 0.99	BIGLX
CGTAX	+ 0.93	TWACX
VSBSX	+ 0.92	TWACX
TWACX	+ 0.91	BIGLX

High negative correlations

JGIFX	- 0.77	DIPXX
CGTAX	- 0.74	DIPXX
DIPXX	- 0.74	BIGLX
TWACX	- 0.52	DIPXX
SMAAX	- 0.5	DIPXX
VSBSX	- 0.34	DIPXX

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
BIGLX	0.22	(0.03)	0.00	0.61	0.00	0.00	0.33	(0.55)	1.44
DIPXX	0.03	0.01	0.00	(2.21)	0.00	0.00	0.00	0.00	1.01
JGIFX	0.23	(0.03)	0.00	0.44	0.00	0.00	0.50	(0.51)	1.41
SMAAX	0.12	0.00	0.00	0.19	0.00	0.00	0.20	(0.30)	0.99
TWACX	0.08	(0.01)	0.00	0.50	0.00	0.00	0.11	(0.11)	0.78
CGTAX	0.21	(0.03)	0.00	0.58	0.00	0.00	0.41	(0.42)	1.48
VSBSX	0.07	0.00	(1.15)	0.22	0.06	(0.10)	0.15	(0.10)	0.62

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