Vanguard Total Correlations

Mutual Funds . USA . 
Fund . Vanguard Total Stock
VSMPX Fund  USD 270.87  1.44  0.53%   
The current 90-days correlation between Vanguard Total Stock and Us Vector Equity is 0.92 (i.e., Almost no diversification). The correlation of Vanguard Total 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 Total Correlation With Market

Very poor diversification

The correlation between Vanguard Total Stock 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 Total Stock 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 Total Stock. 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 american community survey.

Moving together with Vanguard Mutual Fund

  0.72VMIAX Vanguard Materials IndexPairCorr
  0.7VMNVX Vanguard Global MinimumPairCorr
  0.97VMVAX Vanguard Mid CapPairCorr
  0.7VMVFX Vanguard Global MinimumPairCorr
  0.74VPMAX Vanguard PrimecapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97VSGAX Vanguard Small CapPairCorr
  0.91VASVX Vanguard Selected ValuePairCorr
  0.97VSGIX Vanguard Small CapPairCorr
  0.96VSIAX Vanguard Small CapPairCorr
  0.96VSIIX Vanguard Small CapPairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.9VSMSX Vanguard Sp SmallPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.95VSTCX Vanguard StrategicPairCorr
  0.96VTCAX Vanguard TelecommunicatioPairCorr
  1.0VTSAX Vanguard Total StockPairCorr

Moving against Vanguard Mutual Fund

  0.75VBIIX Vanguard Intermediate-terPairCorr
  0.74VBMFX Vanguard Total BondPairCorr
  0.74VTBIX Vanguard Total BondPairCorr
  0.74VTBSX Vanguard Total BondPairCorr
  0.74VTBNX Vanguard Total BondPairCorr
  0.74VBMPX Vanguard Total BondPairCorr
  0.53VBIRX Vanguard Short TermPairCorr
  0.38VMNIX Vanguard Market NeutralPairCorr
  0.38VMNFX Vanguard Market NeutralPairCorr
  0.33VSBSX Vanguard Short TermPairCorr
  0.74VBTLX Vanguard Total BondPairCorr
  0.74VBTIX Vanguard Total BondPairCorr
  0.48VTMGX Vanguard DevelopedPairCorr
  0.48VTMNX Vanguard DevelopedPairCorr
  0.48VDIPX Vanguard DevelopedPairCorr
  0.48VDVIX Vanguard DevelopedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Total 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 Total'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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