Vanguard Primecap Correlations

VPMCX Fund

USD 173.88 0.88 0.51%

The current 90-days correlation between Vanguard Primecap and Vanguard Windsor Ii is -0.11 (i.e., Good diversification). The correlation of Vanguard Primecap 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 Primecap Correlation With Market

Very poor diversification

The correlation between Vanguard Primecap Fund and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Primecap 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 Primecap 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 main economic indicators.

Moving together with Vanguard Mutual Fund

0.64	VSCIX	Vanguard Small Cap	Pair Corr
0.76	VINIX	Vanguard Institutional	Pair Corr
0.68	VMCIX	Vanguard Mid Cap	Pair Corr
0.74	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.74	VTSMX	Vanguard Total Stock	Pair Corr
0.67	VITSX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.76	VFFSX	Vanguard 500 Index	Pair Corr
0.76	VIIIX	Vanguard Institutional	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Vanguard Mutual Fund

0.48	PQTAX	Pimco Trends Managed	Pair Corr
0.47	PQTNX	Pimco Trends Managed	Pair Corr
0.42	GPBFX	Gmo E Plus	Pair Corr
0.48	PQTIX	Aa Pimco Tr	Pair Corr
0.42	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.36	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	VWNFX	VHCOX	VWIGX	VEXPX	VWELX
VWNFX		0.82	0.55	0.86	0.97	VWNFX
VHCOX	0.82		0.7	0.88	0.85	VHCOX
VWIGX	0.55	0.7		0.42	0.58	VWIGX
VEXPX	0.86	0.88	0.42		0.88	VEXPX
VWELX	0.97	0.85	0.58	0.88		VWELX
	VWNFX	VHCOX	VWIGX	VEXPX	VWELX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Primecap 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 Primecap'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
VWNFX	0.49	0.04	(0.08)	(0.46)	0.59	(0.54)	0.97	(1.08)	3.49
VHCOX	0.72	(0.06)	(0.06)	0.03	0.96	(0.70)	1.35	(1.73)	4.20
VWIGX	0.77	(0.01)	0.00	0.14	0.00	0.00	1.60	(1.70)	5.58
VEXPX	0.75	(0.01)	0.01	0.08	0.89	(0.79)	1.62	(1.54)	5.78
VWELX	0.39	0.04	(0.09)	(0.74)	0.50	(0.40)	0.81	(0.82)	2.48

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