Vanguard Target Correlations

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112.32 0.02 0.02%

The current 90-days correlation between Vanguard Target Retire and Vanguard Total Stock is -0.04 (i.e., Good 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

Good diversification

The correlation between Vanguard Target Retire and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Target Retire and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Vanguard Fund

0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VGTSX	Vanguard Total Inter	Pair Corr
0.98	VTIAX	Vanguard Total Inter	Pair Corr
0.91	PUDCX	Prudential Real Assets	Pair Corr
0.97	SMGAX	Saat Servative Strategy	Pair Corr
0.98	LSIRX	Clearbridge Mid Cap	Pair Corr
0.71	MCYIX	Mainstay Candriam	Pair Corr
0.98	FMSDX	Fidelity Advisor Multi	Pair Corr
0.98	CFWCX	Calvert Global Water	Pair Corr
0.71	MHYIX	Mainstay High Yield	Pair Corr
0.98	MECZX	Amg Managers Cadence	Pair Corr
0.98	MAANX	Mutual Of America	Pair Corr
0.78	MSQLX	International Equity	Pair Corr
0.97	TEDTX	Tiaa Cref Emerging	Pair Corr
0.98	GSPQX	Goldman Sachs Equity	Pair Corr
0.96	DIMIX	Dreyfus Short Interm	Pair Corr
0.9	KNGLX	Cboe Vest Sp	Pair Corr
0.98	HRNRX	Hood River New Steady Growth	Pair Corr
0.66	IFBFX	Intermediate Bond	Pair Corr
0.98	MIFIX	Miller Intermediate Bond	Pair Corr
0.73	CGQYX	Columbia Disciplined	Pair Corr
0.98	FSELX	Fidelity Select Semi	Pair Corr
0.99	VLSMX	Valic Company I	Pair Corr
0.95	QTSSX	Quantified Tactical	Pair Corr
0.68	PCIMX	California Intermediate	Pair Corr
0.68	VFFIX	Victory Incore	Pair Corr
0.98	VWWOX	Vwwox	Pair Corr
0.96	DOPIX	Dreyfus Opportunistic	Pair Corr
0.98	GEMZX	Emerging Markets Equity	Pair Corr
0.98	FSDIX	Fidelity Strategic	Pair Corr
0.94	VWINX	Vanguard Wellesley Income	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.98	0.98	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.98	0.98	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.98	0.98	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.98	0.98	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.98	0.98	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.98	0.98	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.98	0.98	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.98	0.98	VFFSX
VGTSX	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98		1.0	VGTSX
VTIAX	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Fund performing well and Vanguard Target 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
VTSAX	0.66	0.12	0.11	0.27	0.54	(0.76)	2.07	(1.17)	5.05
VFIAX	0.65	0.11	0.11	0.25	0.56	(0.75)	2.02	(1.11)	4.88
VTSMX	0.66	0.12	0.12	0.26	0.55	(0.75)	2.08	(1.17)	5.04
VITSX	0.66	0.12	0.11	0.26	0.55	(0.75)	2.07	(1.17)	5.05
VSTSX	0.66	0.12	0.12	0.26	0.55	(0.73)	2.08	(1.17)	5.04
VSMPX	0.66	0.12	0.12	0.26	0.55	(0.75)	2.08	(1.17)	5.04
VFINX	0.66	0.12	0.11	0.26	0.54	(0.77)	2.02	(1.11)	4.88
VFFSX	0.65	0.11	0.11	0.25	0.56	(0.72)	2.02	(1.11)	4.88
VGTSX	0.46	0.15	0.11	0.52	0.17	(0.52)	1.31	(0.84)	3.09
VTIAX	0.46	0.15	0.10	0.52	0.19	(0.52)	1.35	(0.86)	3.10

Vanguard Target Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Vanguard Target fund to make a market-neutral strategy. Peer analysis of Vanguard Target could also be used in its relative valuation, which is a method of valuing Vanguard Target by comparing valuation metrics with similar companies.

Vanguard Total Stock Vanguard 500 Index Vanguard Total Stock Vanguard Total Stock Vanguard Total Stock Vanguard Total Stock Vanguard 500 Index Vanguard 500 Index Vanguard Total International Vanguard Total International American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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