Vanguard Gnma Correlations

VFIIX Fund  USD 9.17  0.01  0.11%   
The current 90-days correlation between Vanguard Gnma and Vanguard Gnma Fund is 1.0 (i.e., No risk reduction). The correlation of Vanguard Gnma 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 Gnma Correlation With Market

Good diversification

The correlation between Vanguard Gnma Fund and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Gnma 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 Gnma 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 gross domestic product.

Moving together with Vanguard Mutual Fund

  0.61VNYTX Vanguard New YorkPairCorr
  0.61VNYUX Vanguard New YorkPairCorr
  0.62VPADX Vanguard Pacific StockPairCorr
  0.66VPACX Vanguard Pacific StockPairCorr
  0.67VPKIX Vanguard Pacific StockPairCorr
  0.94VAIPX Vanguard Inflation-protecPairCorr
  0.69VSCSX Vanguard Short TermPairCorr
  0.71VSBIX Vanguard Short TermPairCorr
  0.61VSBSX Vanguard Short TermPairCorr

Moving against Vanguard Mutual Fund

  0.61VMVAX Vanguard Mid CapPairCorr
  0.61VMVIX Vanguard Mid CapPairCorr
  0.6VMVLX Vanguard Mega CapPairCorr
  0.36VMIAX Vanguard Materials IndexPairCorr
  0.76VQNPX Vanguard Growth AndPairCorr
  0.72VSCIX Vanguard Small CapPairCorr
  0.71NAESX Vanguard Small CapPairCorr
  0.6VPCCX Vanguard PrimecapPairCorr
  0.52VAIGX Vanguard Advice SelectPairCorr
  0.45VPMAX Vanguard PrimecapPairCorr
  0.44VPMCX Vanguard PrimecapPairCorr
  0.39VAGVX Vanguard Advice SelectPairCorr
  0.76VSEMX Vanguard Extended MarketPairCorr
  0.73VSGAX Vanguard Small CapPairCorr
  0.73VSGIX Vanguard Small CapPairCorr
  0.72VSCPX Vanguard Small CapPairCorr
  0.72VSMAX Vanguard Small CapPairCorr
  0.71VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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