Vanguard Small-cap Correlations

Mutual Funds . USA . 
Fund . Vanguard Small Cap Growth
VSGAX Fund  USD 104.66  1.83  1.78%   
The current 90-days correlation between Vanguard Small Cap and Vanguard International Growth is 0.58 (i.e., Very weak diversification). The correlation of Vanguard Small-cap 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 Small-cap Correlation With Market

Very poor diversification

The correlation between Vanguard Small Cap Growth and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Small Cap Growth 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 Small Cap Growth. 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
  0.64VMNVX Vanguard Global MinimumPairCorr
  0.94VMVAX Vanguard Mid CapPairCorr
  0.94VMVIX Vanguard Mid CapPairCorr
  0.64VMVFX Vanguard Global MinimumPairCorr
  0.9VMVLX Vanguard Mega CapPairCorr
  0.76VPCCX Vanguard PrimecapPairCorr
  0.65VPMCX Vanguard PrimecapPairCorr
  0.66VPMAX Vanguard PrimecapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.96VQNPX Vanguard Growth AndPairCorr
  0.71VAGVX Vanguard Advice SelectPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  1.0VSEMX Vanguard Extended MarketPairCorr
  0.99VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.42VMNIX Vanguard Market NeutralPairCorr
  0.42VMNFX Vanguard Market NeutralPairCorr
  0.39VPADX Vanguard Pacific StockPairCorr
  0.39VPACX Vanguard Pacific StockPairCorr
  0.39VPKIX Vanguard Pacific StockPairCorr
  0.78VSIGX Vanguard Intermediate-terPairCorr
  0.61VAIPX Vanguard Inflation-protecPairCorr
  0.52VSGDX Vanguard Short TermPairCorr
  0.52VSGBX Vanguard Short TermPairCorr
  0.38VSBIX Vanguard Short TermPairCorr
  0.37VSBSX Vanguard Short TermPairCorr
  0.31VSCSX Vanguard Short TermPairCorr
  0.31VASIX Vanguard LifestrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Small-cap 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 Small-cap'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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