Vanguard Explorer Correlations

Mutual Funds . USA . 
Fund . Vanguard Explorer Fund
VEXPX Fund  USD 120.99  1.39  1.16%   
The current 90-days correlation between Vanguard Explorer and Vanguard International Growth is 0.53 (i.e., Very weak diversification). The correlation of Vanguard Explorer 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 Explorer Correlation With Market

Weak diversification

The correlation between Vanguard Explorer Fund and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Explorer Fund 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 Explorer Fund. 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

  0.75VMIAX Vanguard Materials IndexPairCorr
  0.89VMNVX Vanguard Global MinimumPairCorr
  0.87VMVAX Vanguard Mid CapPairCorr
  0.87VMVIX Vanguard Mid CapPairCorr
  0.87VMVFX Vanguard Global MinimumPairCorr
  0.7VMVLX Vanguard Mega CapPairCorr
  0.63VNJUX Vanguard New JerseyPairCorr
  0.62VNJTX Vanguard New JerseyPairCorr
  0.69VNYTX Vanguard New YorkPairCorr
  0.69VNYUX Vanguard New YorkPairCorr
  0.67VOHIX Vanguard Ohio LongPairCorr
  0.72VPADX Vanguard Pacific StockPairCorr
  0.72VPACX Vanguard Pacific StockPairCorr
  0.84VPCCX Vanguard PrimecapPairCorr
  0.69VPALX Vanguard PennsylvaniaPairCorr
  0.69VPAIX Vanguard PennsylvaniaPairCorr
  0.72VPKIX Vanguard Pacific StockPairCorr
  0.84VPMCX Vanguard PrimecapPairCorr
  0.75NAESX Vanguard Small CapPairCorr
  0.9VQNPX Vanguard Growth AndPairCorr
  0.79VRTPX Vanguard Reit IiPairCorr
  0.84VADGX Vanguard Advice SelectPairCorr
  0.84VAGVX Vanguard Advice SelectPairCorr
  0.69VAIPX Vanguard Inflation-protecPairCorr
  0.75VSCIX Vanguard Small CapPairCorr
  0.91VSCGX Vanguard LifestrategyPairCorr
  0.75VSCPX Vanguard Small CapPairCorr
  0.91VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.48VSBSX Vanguard Short TermPairCorr
  0.43VSBIX Vanguard Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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