Vanguard Dividend Correlations

Mutual Funds . USA . 
Fund . Vanguard Dividend Appreciation
VDADX Fund  USD 55.33  0.10  0.18%   
The current 90-days correlation between Vanguard Dividend and Vanguard High Dividend is 0.94 (i.e., Almost no diversification). The correlation of Vanguard Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between Vanguard Dividend Appreciation and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Dividend Appreciation 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 Dividend Appreciation. 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 unemployment.

Moving together with Vanguard Mutual Fund

  0.81VMIAX Vanguard Materials IndexPairCorr
  0.88VMNVX Vanguard Global MinimumPairCorr
  0.96VMVAX Vanguard Mid CapPairCorr
  0.96VMVIX Vanguard Mid CapPairCorr
  0.88VMVFX Vanguard Global MinimumPairCorr
  0.99VMVLX Vanguard Mega CapPairCorr
  0.77VPCCX Vanguard PrimecapPairCorr
  0.82VPMCX Vanguard PrimecapPairCorr
  0.82VPMAX Vanguard PrimecapPairCorr
  0.92NAESX Vanguard Small CapPairCorr
  0.94VQNPX Vanguard Growth AndPairCorr
  0.84VAGVX Vanguard Advice SelectPairCorr
  0.69VAIGX Vanguard Advice SelectPairCorr
  0.92VSCIX Vanguard Small CapPairCorr
  0.61VSCGX Vanguard LifestrategyPairCorr
  0.88VSCPX Vanguard Small CapPairCorr
  0.89VSEMX Vanguard Extended MarketPairCorr
  0.94VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.39VMNIX Vanguard Market NeutralPairCorr
  0.35VMNFX Vanguard Market NeutralPairCorr
  0.42VAIPX Vanguard Inflation-protecPairCorr
  0.61VSIGX Vanguard Intermediate-terPairCorr
  0.42VSGDX Vanguard Short TermPairCorr
  0.42VSGBX Vanguard Short TermPairCorr

Related Correlations Analysis

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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   
VBIAX
+ 0.96
VVIAX
VVIAX
+ 0.94
VHYAX
VIGAX
+ 0.94
VHYAX
VBIAX
+ 0.93
VHYAX
VBIAX
+ 0.92
VIGAX
VIGAX
+ 0.88
VVIAX
  
High negative correlations   
VIGAX
- 0.04
VDIGX

Risk-Adjusted Indicators

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