Vanguard Energy Correlations

VGENX Fund

USD 44.04 0.55 1.23%

The current 90-days correlation between Vanguard Energy and Vanguard Global Capital is 0.38 (i.e., Weak diversification). The correlation of Vanguard Energy 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 Energy Correlation With Market

Weak diversification

The correlation between Vanguard Energy Fund 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 Energy 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 Energy 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 board of governors.

Moving together with Vanguard Mutual Fund

0.84	VMIAX	Vanguard Materials Index	Pair Corr
0.85	VMNVX	Vanguard Global Minimum	Pair Corr
0.66	VMMSX	Vanguard Emerging Markets	Pair Corr
0.74	VMVAX	Vanguard Mid Cap	Pair Corr
0.76	VMVIX	Vanguard Mid Cap	Pair Corr
0.69	VMVFX	Vanguard Global Minimum	Pair Corr
0.79	VPCCX	Vanguard Primecap	Pair Corr
0.79	VPMCX	Vanguard Primecap	Pair Corr
0.85	VQNPX	Vanguard Growth And	Pair Corr
0.86	VRTPX	Vanguard Reit Ii	Pair Corr
0.81	VADGX	Vanguard Advice Select	Pair Corr
0.86	VAGVX	Vanguard Advice Select	Pair Corr
0.89	VSCGX	Vanguard Lifestrategy	Pair Corr
0.85	VSEQX	Vanguard Strategic Equity	Pair Corr

Moving against Vanguard Mutual Fund

0.77	VSBSX	Vanguard Short Term	Pair Corr
0.76	VSBIX	Vanguard Short Term	Pair Corr
0.57	VSGDX	Vanguard Short Term	Pair Corr
0.57	VSGBX	Vanguard Short Term	Pair Corr
0.42	VSCSX	Vanguard Short Term	Pair Corr

Related Correlations Analysis

	VGPMX	VGHCX	VGSIX	VEIEX	VIPSX
VGPMX		0.79	0.79	0.73	0.75	VGPMX
VGHCX	0.79		0.86	0.74	0.75	VGHCX
VGSIX	0.79	0.86		0.61	0.83	VGSIX
VEIEX	0.73	0.74	0.61		0.6	VEIEX
VIPSX	0.75	0.75	0.83	0.6		VIPSX
	VGPMX	VGHCX	VGSIX	VEIEX	VIPSX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Energy 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 Energy'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
VGPMX	0.70	(0.08)	0.00	(0.19)	0.00	0.00	1.42	(2.03)	4.87
VGHCX	0.82	(0.22)	0.00	(0.55)	0.00	0.00	1.31	(1.57)	9.47
VGSIX	0.90	(0.11)	0.00	(0.14)	0.00	0.00	1.48	(1.71)	5.53
VEIEX	0.59	(0.08)	0.00	(0.17)	0.00	0.00	1.30	(1.63)	3.47
VIPSX	0.19	(0.01)	(0.26)	(0.19)	0.24	(0.23)	0.43	(0.44)	1.30

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