Vanguard Institutional Correlations

VIIIX Fund

USD 490.37 2.67 0.55%

The current 90-days correlation between Vanguard Institutional and Vanguard Extended Market is 0.87 (i.e., Very poor diversification). The correlation of Vanguard Institutional 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 Institutional Correlation With Market

Very poor diversification

The correlation between Vanguard Institutional Index and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Institutional Index 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 Institutional Index. 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

0.93	VSCIX	Vanguard Small Cap	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
0.99	VMCIX	Vanguard Mid Cap	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.69	T	ATT Inc Aggressive Push	Pair Corr
0.86	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.84	BAC	Bank of America Aggressive Push	Pair Corr
0.94	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.77	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against Vanguard Mutual Fund

0.7	GPBFX	Gmo E Plus	Pair Corr
0.57	GPMFX	Guidepath Managed Futures	Pair Corr
0.52	GAAGX	Gmo Alternative Allo	Pair Corr
0.52	PQTAX	Pimco Trends Managed	Pair Corr
0.51	GAAKX	Gmo Alternative Allo	Pair Corr
0.51	PQTNX	Pimco Trends Managed	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.71	KO	Coca Cola Aggressive Push	Pair Corr
0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.55	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.51	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	VEMPX	VBMPX	VBTIX	VIEIX	VMCIX
VEMPX		-0.74	-0.74	0.96	0.97	VEMPX
VBMPX	-0.74		1.0	-0.75	-0.69	VBMPX
VBTIX	-0.74	1.0		-0.75	-0.69	VBTIX
VIEIX	0.96	-0.75	-0.75		0.94	VIEIX
VMCIX	0.97	-0.69	-0.69	0.94		VMCIX
	VEMPX	VBMPX	VBTIX	VIEIX	VMCIX

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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

VBTIX	+ 1.0	VBMPX
VMCIX	+ 0.97	VEMPX
VIEIX	+ 0.96	VEMPX
VMCIX	+ 0.94	VIEIX

High negative correlations

VIEIX	- 0.75	VBTIX
VIEIX	- 0.75	VBMPX
VBTIX	- 0.74	VEMPX
VBMPX	- 0.74	VEMPX
VMCIX	- 0.69	VBTIX
VMCIX	- 0.69	VBMPX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Institutional 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 Institutional'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
VEMPX	0.81	0.07	0.09	0.14	0.76	(0.85)	1.85	(1.29)	6.00
VBMPX	0.22	(0.03)	0.00	0.55	0.00	0.00	0.42	(0.62)	1.36
VBTIX	0.22	(0.03)	0.00	0.55	0.00	0.00	0.42	(0.62)	1.36
VIEIX	0.82	0.16	0.07	64.12	0.78	(0.86)	1.86	(1.29)	6.00
VMCIX	0.56	0.06	0.08	0.16	0.42	(0.67)	1.30	(0.94)	3.54

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