Vanguard High Correlations

Mutual Funds . USA . 
Fund . Vanguard High Dividend
VHYAX Fund  USD 40.49  0.05  0.12%   
The current 90-days correlation between Vanguard High Dividend and Vanguard Dividend Appreciation is 0.93 (i.e., Almost no diversification). The correlation of Vanguard High 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 High Correlation With Market

Almost no diversification

The correlation between Vanguard High Dividend and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard High Dividend 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 High Dividend. 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 nation.

Moving together with Vanguard Mutual Fund

  0.62VMIAX Vanguard Materials IndexPairCorr
  0.69VMNVX Vanguard Global MinimumPairCorr
  0.98VMVAX Vanguard Mid CapPairCorr
  0.87VMVIX Vanguard Mid CapPairCorr
  0.81VMVFX Vanguard Global MinimumPairCorr
  0.72VMVLX Vanguard Mega CapPairCorr
  0.88VPCCX Vanguard PrimecapPairCorr
  0.74VPMCX Vanguard PrimecapPairCorr
  0.75VPMAX Vanguard PrimecapPairCorr
  0.96NAESX Vanguard Small CapPairCorr
  0.97VQNPX Vanguard Growth AndPairCorr
  0.74VAGVX Vanguard Advice SelectPairCorr
  0.87VSCIX Vanguard Small CapPairCorr
  0.95VSCPX Vanguard Small CapPairCorr
  0.94VSEMX Vanguard Extended MarketPairCorr
  0.97VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.62VAIPX Vanguard Inflation-protecPairCorr
  0.31VPADX Vanguard Pacific StockPairCorr
  0.31VPACX Vanguard Pacific StockPairCorr
  0.73VSIGX Vanguard Intermediate-terPairCorr
  0.68VSGBX Vanguard Short TermPairCorr
  0.66VSGDX Vanguard Short TermPairCorr
  0.53VSBIX Vanguard Short TermPairCorr
  0.52VSBSX Vanguard Short TermPairCorr
  0.41VSCSX Vanguard Short TermPairCorr

Related Correlations Analysis

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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   
VVIAX
+ 0.98
VDADX
VIGAX
+ 0.81
VDADX
VIGAX
+ 0.81
VVIAX
VEIPX
+ 0.81
VIGAX
VEIPX
+ 0.78
VDADX
VEIPX
+ 0.78
VVIAX
  
High negative correlations   
VIGAX
- 0.03
VGSLX
VEIPX
- 0.02
VGSLX

Risk-Adjusted Indicators

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