Vanguard Extended Correlations

VEXMX Fund

USD 150.72 0.38 0.25%

The current 90-days correlation between Vanguard Extended Market and Guidepath Conservative Income is 0.21 (i.e., Modest diversification). The correlation of Vanguard Extended 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 Extended Correlation With Market

Weak diversification

The correlation between Vanguard Extended Market and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Extended Market 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 Extended Market. 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 population.

Moving together with Vanguard Mutual Fund

0.75	VMLUX	Vanguard Limited Term	Pair Corr
0.75	VMLTX	Vanguard Limited Term	Pair Corr
0.71	VMSIX	Vanguard Multi Sector	Pair Corr
0.65	VMVAX	Vanguard Mid Cap	Pair Corr
0.65	VMVIX	Vanguard Mid Cap	Pair Corr
0.62	VMVFX	Vanguard Global Minimum	Pair Corr
0.71	VMVLX	Vanguard Mega Cap	Pair Corr
0.72	VNJUX	Vanguard New Jersey	Pair Corr
0.68	VNJTX	Vanguard New Jersey	Pair Corr
0.68	VNYTX	Vanguard New York	Pair Corr
0.68	VNYUX	Vanguard New York	Pair Corr
0.68	VOHIX	Vanguard Ohio Long	Pair Corr
0.7	VPALX	Vanguard Pennsylvania	Pair Corr
0.69	VPAIX	Vanguard Pennsylvania	Pair Corr
0.72	VPMAX	Vanguard Primecap	Pair Corr
0.98	NAESX	Vanguard Small Cap	Pair Corr
0.98	VSCIX	Vanguard Small Cap	Pair Corr
0.98	VSCPX	Vanguard Small Cap	Pair Corr
0.94	VSEMX	Vanguard Extended Market	Pair Corr

Related Correlations Analysis

	GPICX	GMBPX	LIGFX	ICVRX	CAARX	FTCRX	XACVX
GPICX		0.94	0.17	0.1	-0.01	0.01	0.3	GPICX
GMBPX	0.94		0.14	0.06	-0.02	-0.02	0.28	GMBPX
LIGFX	0.17	0.14		0.97	0.85	0.97	0.83	LIGFX
ICVRX	0.1	0.06	0.97		0.91	0.99	0.82	ICVRX
CAARX	-0.01	-0.02	0.85	0.91		0.9	0.85	CAARX
FTCRX	0.01	-0.02	0.97	0.99	0.9		0.78	FTCRX
XACVX	0.3	0.28	0.83	0.82	0.85	0.78		XACVX
	GPICX	GMBPX	LIGFX	ICVRX	CAARX	FTCRX	XACVX

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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

FTCRX	+ 0.99	ICVRX
ICVRX	+ 0.97	LIGFX
FTCRX	+ 0.97	LIGFX
GMBPX	+ 0.94	GPICX
CAARX	+ 0.91	ICVRX
FTCRX	+ 0.9	CAARX

High negative correlations

FTCRX	- 0.02	GMBPX
CAARX	- 0.02	GMBPX
CAARX	- 0.01	GPICX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Extended 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 Extended'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
GPICX	0.04	0.00	0.00	1.27	0.00	0.00	0.10	(0.10)	0.42
GMBPX	0.04	0.01	0.00	3.89	0.00	0.00	0.10	0.00	0.50
LIGFX	0.28	0.00	(0.13)	0.09	0.38	(0.28)	0.62	(0.50)	2.04
ICVRX	0.29	0.00	(0.13)	0.07	0.38	(0.31)	0.66	(0.56)	2.21
CAARX	0.26	0.00	(0.17)	0.13	0.36	(0.27)	0.61	(0.50)	2.05
FTCRX	0.29	(0.01)	(0.14)	0.03	0.42	(0.30)	0.64	(0.57)	2.42
XACVX	0.70	0.05	(0.02)	0.97	1.01	(0.72)	1.43	(1.48)	5.43

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