Vanguard Global Correlations

Mutual Funds USA . 
Fund . Vanguard Global Credit
VGCIX Fund  USD 9.68  0.01  0.10%   
The current 90-days correlation between Vanguard Global Credit and Vanguard Short Term Investment Grade is -0.02 (i.e., Good diversification). The correlation of Vanguard Global 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 Global Correlation With Market

Average diversification

The correlation between Vanguard Global Credit and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Credit 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 Global Credit. 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

  0.68VMLUX Vanguard Limited TermPairCorr
  0.68VMLTX Vanguard Limited TermPairCorr
  0.62VMSIX Vanguard Multi SectorPairCorr
  0.76VNJUX Vanguard New JerseyPairCorr
  0.76VNJTX Vanguard New JerseyPairCorr
  0.75VNYTX Vanguard New YorkPairCorr
  0.75VNYUX Vanguard New YorkPairCorr
  0.76VOHIX Vanguard Ohio LongPairCorr
  0.66VPADX Vanguard Pacific StockPairCorr
  0.66VPACX Vanguard Pacific StockPairCorr
  0.75VPALX Vanguard PennsylvaniaPairCorr
  0.75VPAIX Vanguard PennsylvaniaPairCorr
  0.66VPKIX Vanguard Pacific StockPairCorr
  0.64VRTPX Vanguard Reit IiPairCorr
  0.88VAIPX Vanguard Inflation-protecPairCorr
  0.92VSCSX Vanguard Short TermPairCorr
  0.88VSBIX Vanguard Short TermPairCorr
  0.94VSBSX Vanguard Short TermPairCorr

Moving against Vanguard Mutual Fund

  0.39VQNPX Vanguard Growth AndPairCorr
  0.36NAESX Vanguard Small CapPairCorr
  0.41VSEMX Vanguard Extended MarketPairCorr
  0.38VSPGX Vanguard Sp 500PairCorr
  0.37VSGAX Vanguard Small CapPairCorr
  0.37VSGIX Vanguard Small CapPairCorr
  0.37VSMPX Vanguard Total StockPairCorr
  0.37VSTSX Vanguard Total StockPairCorr
  0.37VSTCX Vanguard StrategicPairCorr
  0.36VSCIX Vanguard Small CapPairCorr
  0.36VSCPX Vanguard Small CapPairCorr
  0.36VSMAX Vanguard Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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