Vanguard Target Correlations
| VTWNX Fund | USD 29.30 0.15 0.51% |
The current 90-days correlation between Vanguard Target Reti and Vanguard Target Retirement is 0.98 (i.e., Almost no diversification). The correlation of Vanguard Target 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 Target Correlation With Market
Significant diversification
The correlation between Vanguard Target Retirement and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Target Retirement and DJI in the same portfolio, assuming nothing else is changed.
Vanguard |
Moving together with Vanguard Mutual Fund
| 0.76 | VMIAX | Vanguard Materials Index | PairCorr |
| 0.7 | VMMSX | Vanguard Emerging Markets | PairCorr |
| 0.63 | VMSIX | Vanguard Multi Sector | PairCorr |
| 0.66 | VMVFX | Vanguard Global Minimum | PairCorr |
| 0.63 | VADGX | Vanguard Advice Select | PairCorr |
| 0.75 | VAGVX | Vanguard Advice Select | PairCorr |
| 0.65 | VAIGX | Vanguard Advice Select | PairCorr |
| 0.99 | VSCGX | Vanguard Lifestrategy | PairCorr |
Related Correlations Analysis
| 0.99 | 0.88 | 0.96 | 0.93 | VTTVX | ||
| 0.99 | 0.83 | 0.98 | 0.97 | VTHRX | ||
| 0.88 | 0.83 | 0.72 | 0.66 | VTINX | ||
| 0.96 | 0.98 | 0.72 | 1.0 | VFORX | ||
| 0.93 | 0.97 | 0.66 | 1.0 | VFIFX | ||
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Risk-Adjusted Indicators
There is a big difference between Vanguard Mutual Fund performing well and Vanguard Target 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 Target'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VTTVX | 0.30 | 0.02 | (0.23) | 1.32 | 0.34 | 0.69 | 1.80 | |||
| VTHRX | 0.35 | 0.02 | (0.19) | 3.10 | 0.41 | 0.78 | 2.10 | |||
| VTINX | 0.21 | 0.00 | (0.41) | 0.18 | 0.20 | 0.44 | 1.25 | |||
| VFORX | 0.43 | 0.04 | (0.14) | 25.59 | 0.49 | 0.92 | 2.62 | |||
| VFIFX | 0.50 | 0.05 | (0.11) | (5.21) | 0.60 | 1.11 | 3.08 |