Vanguard Federal Correlations

VMFXX Fund

USD 1.00 0.00 0.00%

The current 90-days correlation between Vanguard Federal Money and T Rowe Price is 0.15 (i.e., Average diversification). The correlation of Vanguard Federal 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 Federal Correlation With Market

Good diversification

The correlation between Vanguard Federal Money and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Federal Money 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 Federal Money. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Vanguard Money Market Fund

0.77	FTCAX	Templeton Strained Bond	Pair Corr
0.85	PYAIX	Payden Absolute Return	Pair Corr
0.83	PYARX	Payden Absolute Return	Pair Corr
0.81	BCAAX	Brandywineglobal C	Pair Corr
0.78	MIGYX	Oppenheimer Main Street	Pair Corr
0.65	NTDAX	Nationwide Destination	Pair Corr
0.61	GOODX	Goodhaven Fund Goodhaven	Pair Corr
0.77	GUMPX	Guggenheim Market Neutral	Pair Corr
0.8	FGLGX	Fidelity Series Growth	Pair Corr
0.74	PSGLX	Strategic Asset Mana	Pair Corr
0.62	SSMOX	Steward Small Mid	Pair Corr
1.0	GOAXX	Money Market Obligations	Pair Corr
0.9	LFROX	Lord Abbett Floating	Pair Corr
0.77	RICGX	Investment Of America	Pair Corr
0.66	PGXFX	American Funds Global	Pair Corr
0.76	SVSPX	Ssga Sp 500	Pair Corr
0.72	ASTZX	Astor Long/short	Pair Corr
0.65	CILGX	Clarkston Fund Insti	Pair Corr
0.78	AFICX	American Funds Funda	Pair Corr
0.67	VWNEX	Vanguard Windsor	Pair Corr
0.68	ANZAX	Allianzgi Convertible	Pair Corr

Moving against Vanguard Money Market Fund

0.74	USPSX	Profunds Ultrashort	Pair Corr
0.74	USPIX	Profunds Ultrashort	Pair Corr
0.64	UIPIX	Ultrashort Mid Cap	Pair Corr
0.51	PRCEX	Real Estate Securities	Pair Corr

Related Correlations Analysis

	PATFX	XFINX	PRVBX	BBINX	MDMTX	ARTFX
PATFX		0.12	0.4	0.95	0.72	0.18	PATFX
XFINX	0.12		0.64	-0.06	-0.36	0.85	XFINX
PRVBX	0.4	0.64		0.21	-0.17	0.75	PRVBX
BBINX	0.95	-0.06	0.21		0.84	-0.01	BBINX
MDMTX	0.72	-0.36	-0.17	0.84		-0.37	MDMTX
ARTFX	0.18	0.85	0.75	-0.01	-0.37		ARTFX
	PATFX	XFINX	PRVBX	BBINX	MDMTX	ARTFX

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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

BBINX	+ 0.95	PATFX
ARTFX	+ 0.85	XFINX
MDMTX	+ 0.84	BBINX
ARTFX	+ 0.75	PRVBX
MDMTX	+ 0.72	PATFX
PRVBX	+ 0.64	XFINX

High negative correlations

ARTFX	- 0.37	MDMTX
MDMTX	- 0.36	XFINX
MDMTX	- 0.17	PRVBX
BBINX	- 0.06	XFINX
ARTFX	- 0.01	BBINX

Risk-Adjusted Indicators

There is a big difference between Vanguard Money Market Fund performing well and Vanguard Federal Money Market 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 Federal'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
PATFX	0.16	0.02	(0.24)	(0.08)	0.22	(0.24)	0.44	(0.35)	1.69
XFINX	0.11	0.01	(0.26)	0.81	0.13	(0.14)	0.22	(0.14)	1.00
PRVBX	0.09	0.00	(0.87)	0.49	0.00	(0.10)	0.20	(0.20)	0.53
BBINX	0.12	0.01	(0.41)	0.01	0.15	(0.19)	0.29	(0.29)	1.07
MDMTX	0.17	(0.01)	(0.31)	(0.20)	0.25	(0.23)	0.38	(0.56)	1.33
ARTFX	0.12	0.03	(0.57)	(1.09)	0.00	(0.21)	0.33	(0.22)	1.01

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