Vanguard Wellington Correlations

Mutual Funds . USA . 
Fund . Vanguard Wellington Fund
VWENX Fund  USD 75.63  0.23  0.30%   
The current 90-days correlation between Vanguard Wellington and Vanguard Wellesley Income is 0.67 (i.e., Poor diversification). The correlation of Vanguard Wellington 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 Wellington Correlation With Market

Weak diversification

The correlation between Vanguard Wellington Fund and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Wellington Fund 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 Wellington Fund. 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

  0.69VMLTX Vanguard Limited TermPairCorr
  0.83VPMAX Vanguard PrimecapPairCorr
  0.8NAESX Vanguard Small CapPairCorr
  0.81VSCIX Vanguard Small CapPairCorr
  0.64VSGBX Vanguard Short TermPairCorr
  0.64VSIIX Vanguard Small CapPairCorr
  0.81VSMAX Vanguard Small CapPairCorr
  0.61VBISX Vanguard Short TermPairCorr
  0.72VTHRX Vanguard Target RetiPairCorr
  0.91VTIVX Vanguard Target RetiPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.9VTTSX Vanguard Target RetiPairCorr
  0.82VCDAX Vanguard Sumer DiscrPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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