Vanguard Correlations

Mutual Funds . USA . 
Fund . Vanguard Growth Fund
VWUSX Fund  USD 76.16  0.26  0.34%   
The current 90-days correlation between Vanguard Growth and Vanguard International Growth is 0.87 (i.e., Very poor diversification). The correlation of Vanguard 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 Correlation With Market

Modest diversification

The correlation between Vanguard Growth Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Growth 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 Growth 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 state.

Moving together with Vanguard Mutual Fund

  0.62VMLUX Vanguard Limited TermPairCorr
  0.62VMLTX Vanguard Limited TermPairCorr
  0.66VMNVX Vanguard Global MinimumPairCorr
  0.75VMMSX Vanguard Emerging MarketsPairCorr
  0.74VMSIX Vanguard Multi SectorPairCorr
  0.63VMVFX Vanguard Global MinimumPairCorr
  0.72VNJUX Vanguard New JerseyPairCorr
  0.73VNJTX Vanguard New JerseyPairCorr
  0.71VNYTX Vanguard New YorkPairCorr
  0.72VNYUX Vanguard New YorkPairCorr
  0.71VOHIX Vanguard Ohio LongPairCorr
  0.78VPADX Vanguard Pacific StockPairCorr
  0.78VPACX Vanguard Pacific StockPairCorr
  0.73VPCCX Vanguard PrimecapPairCorr
  0.74VPALX Vanguard PennsylvaniaPairCorr
  0.73VPAIX Vanguard PennsylvaniaPairCorr
  0.79VPKIX Vanguard Pacific StockPairCorr
  0.77VPMCX Vanguard PrimecapPairCorr
  0.69VPMAX Vanguard PrimecapPairCorr
  0.7NAESX Vanguard Small CapPairCorr
  0.7VQNPX Vanguard Growth AndPairCorr
  0.68VAGVX Vanguard Advice SelectPairCorr
  0.71VAIPX Vanguard Inflation-protecPairCorr
  0.7VSCIX Vanguard Small CapPairCorr
  0.66VSCGX Vanguard LifestrategyPairCorr
  0.7VSCPX Vanguard Small CapPairCorr
  0.79VSEMX Vanguard Extended MarketPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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