Vanguard Short-term Correlations

VSGDX Fund

USD 10.18 0.01 0.1%

The current 90-days correlation between Vanguard Short Term and Eaton Vance Short is 0.8 (i.e., Very poor diversification). The correlation of Vanguard Short-term 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 Short-term Correlation With Market

Average diversification

The correlation between Vanguard Short Term Federal and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Short Term Federal 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 Short Term Federal. 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 unemployment.

Moving together with Vanguard Mutual Fund

0.72	VMLTX	Vanguard Limited Term	Pair Corr
0.7	VCDAX	Vanguard Sumer Discr	Pair Corr
0.8	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.8	VUSFX	Vanguard Ultra-short-term	Pair Corr
0.81	VWEHX	Vanguard High Yield	Pair Corr
0.64	VWENX	Vanguard Wellington	Pair Corr
0.88	VWSTX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.34	VMMSX	Vanguard Emerging Markets	Pair Corr
0.44	VGHCX	Vanguard Health Care	Pair Corr

Related Correlations Analysis

	EASDX	VFIRX	VFISX	VSGBX	VSBIX	VSGDX	FUMBX	ECLDX	EALDX	EILDX
EASDX		0.91	0.92	0.92	0.86	0.92	0.86	0.98	0.93	0.91	EASDX
VFIRX	0.91		0.99	0.97	0.93	0.97	0.92	0.9	0.83	0.84	VFIRX
VFISX	0.92	0.99		0.97	0.9	0.97	0.94	0.91	0.84	0.85	VFISX
VSGBX	0.92	0.97	0.97		0.93	1.0	0.94	0.91	0.83	0.84	VSGBX
VSBIX	0.86	0.93	0.9	0.93		0.93	0.81	0.81	0.8	0.81	VSBIX
VSGDX	0.92	0.97	0.97	1.0	0.93		0.94	0.91	0.83	0.84	VSGDX
FUMBX	0.86	0.92	0.94	0.94	0.81	0.94		0.9	0.75	0.78	FUMBX
ECLDX	0.98	0.9	0.91	0.91	0.81	0.91	0.9		0.9	0.89	ECLDX
EALDX	0.93	0.83	0.84	0.83	0.8	0.83	0.75	0.9		0.99	EALDX
EILDX	0.91	0.84	0.85	0.84	0.81	0.84	0.78	0.89	0.99		EILDX
	EASDX	VFIRX	VFISX	VSGBX	VSBIX	VSGDX	FUMBX	ECLDX	EALDX	EILDX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Short-term 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 Short-term'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
EASDX	0.15	0.01	(0.35)	0.28	0.00	(0.27)	0.56	(0.28)	1.12
VFIRX	0.10	0.00	(0.63)	(0.06)	0.02	(0.17)	0.21	(0.20)	0.72
VFISX	0.11	0.00	(0.64)	(0.06)	0.03	(0.18)	0.21	(0.20)	0.82
VSGBX	0.11	0.00	(0.61)	0.12	0.00	(0.18)	0.30	(0.20)	0.79
VSBIX	0.07	0.00	(1.11)	0.27	0.00	(0.09)	0.16	(0.12)	0.41
VSGDX	0.11	0.00	(0.61)	0.12	0.00	(0.18)	0.30	(0.20)	0.79
FUMBX	0.11	0.00	(0.66)	(0.09)	0.06	(0.17)	0.20	(0.20)	0.69
ECLDX	0.14	0.01	(0.36)	0.20	0.00	(0.26)	0.42	(0.14)	1.12
EALDX	0.14	0.02	(0.38)	(2.11)	0.00	(0.26)	0.42	(0.14)	1.12
EILDX	0.16	0.02	(0.34)	(0.49)	0.00	(0.26)	0.56	(0.28)	1.12

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