Vanguard Target Correlations

Mutual Funds . USA . 
Fund . Vanguard Target Retirement
VTWNX Fund  USD 26.88  0.07  0.26%   
The current 90-days correlation between Vanguard Target Reti and Vanguard Target Retirement is 0.62 (i.e., Poor 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

Very weak diversification

The correlation between Vanguard Target Retirement and DJI is 0.4 (i.e., Very weak 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Target Retirement. 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 board of governors.

Moving together with Vanguard Mutual Fund

  0.73VMLUX Vanguard Limited TermPairCorr
  0.73VMLTX Vanguard Limited TermPairCorr
  0.63VMNVX Vanguard Global MinimumPairCorr
  0.9VMSIX Vanguard Multi SectorPairCorr
  0.7VMVAX Vanguard Mid CapPairCorr
  0.66VMVIX Vanguard Mid CapPairCorr
  0.74VMVFX Vanguard Global MinimumPairCorr
  0.71VMVLX Vanguard Mega CapPairCorr
  0.76VNJUX Vanguard New JerseyPairCorr
  0.76VNJTX Vanguard New JerseyPairCorr
  0.75VNYTX Vanguard New YorkPairCorr
  0.75VNYUX Vanguard New YorkPairCorr
  0.75VOHIX Vanguard Ohio LongPairCorr
  0.75VPADX Vanguard Pacific StockPairCorr
  0.75VPACX Vanguard Pacific StockPairCorr
  0.65VPCCX Vanguard PrimecapPairCorr
  0.74VPALX Vanguard PennsylvaniaPairCorr
  0.75VPAIX Vanguard PennsylvaniaPairCorr
  0.75VPKIX Vanguard Pacific StockPairCorr
  0.67VPMCX Vanguard PrimecapPairCorr
  0.84VPMAX Vanguard PrimecapPairCorr
  0.83NAESX Vanguard Small CapPairCorr
  0.63VQNPX Vanguard Growth AndPairCorr
  0.64VADGX Vanguard Advice SelectPairCorr
  0.61VAGVX Vanguard Advice SelectPairCorr
  0.7VAIGX Vanguard Advice SelectPairCorr
  0.76VAIPX Vanguard Inflation-protecPairCorr
  0.83VSCIX Vanguard Small CapPairCorr
  0.83VSCPX Vanguard Small CapPairCorr
  0.68VSCSX Vanguard Short TermPairCorr
  0.82VSEMX Vanguard Extended MarketPairCorr
  0.63VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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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.

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