Vanguard Intermediate-ter Correlations

VBIIX Fund

USD 10.28 0.04 0.39%

The current 90-days correlation between Vanguard Intermediate-ter and Vanguard Materials Index is -0.09 (i.e., Good diversification). The correlation of Vanguard Intermediate-ter 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 Intermediate-ter Correlation With Market

Good diversification

The correlation between Vanguard Intermediate Term Bon 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 Intermediate Term Bon 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 Intermediate Term Bond. 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 gross domestic product.

Moving together with Vanguard Mutual Fund

0.92	VAIPX	Vanguard Inflation-protec	Pair Corr
0.71	VSCSX	Vanguard Short Term	Pair Corr
0.63	VSBSX	Vanguard Short Term	Pair Corr
0.77	VSGBX	Vanguard Short Term	Pair Corr
0.9	VSIGX	Vanguard Intermediate-ter	Pair Corr

Moving against Vanguard Mutual Fund

0.32	VSGAX	Vanguard Small Cap	Pair Corr
0.32	VSGIX	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	VMIAX	VMLUX	VMLTX	VMNVX	VVIAX	VMMSX	VMNIX	VMNFX	VDVIX
VMIAX		0.59	0.61	0.75	0.98	0.83	0.12	0.15	0.64	VMIAX
VMLUX	0.59		1.0	0.45	0.6	0.52	0.1	0.12	0.3	VMLUX
VMLTX	0.61	1.0		0.44	0.62	0.52	0.05	0.07	0.28	VMLTX
VMNVX	0.75	0.45	0.44		0.69	0.87	0.47	0.48	0.89	VMNVX
VVIAX	0.98	0.6	0.62	0.69		0.75	0.07	0.09	0.51	VVIAX
VMMSX	0.83	0.52	0.52	0.87	0.75		0.38	0.4	0.9	VMMSX
VMNIX	0.12	0.1	0.05	0.47	0.07	0.38		1.0	0.55	VMNIX
VMNFX	0.15	0.12	0.07	0.48	0.09	0.4	1.0		0.56	VMNFX
VDVIX	0.64	0.3	0.28	0.89	0.51	0.9	0.55	0.56		VDVIX
	VMIAX	VMLUX	VMLTX	VMNVX	VVIAX	VMMSX	VMNIX	VMNFX	VDVIX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Intermediate-ter 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 Intermediate-ter'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
VMIAX	1.22	0.03	0.00	(0.06)	0.00	0.00	2.48	(2.94)	12.22
VMLUX	0.14	(0.01)	0.26	0.16	0.23	(0.16)	0.28	(0.56)	1.40
VMLTX	0.14	(0.01)	0.26	0.16	0.23	(0.16)	0.37	(0.56)	1.40
VMNVX	0.65	0.08	0.11	0.07	0.98	(0.70)	1.59	(1.21)	5.69
VVIAX	1.00	0.00	0.00	(0.08)	0.00	0.00	1.65	(2.00)	9.18
VMMSX	1.01	0.10	0.08	0.06	1.51	(1.03)	2.50	(2.41)	8.26
VMNIX	0.37	0.04	0.26	0.53	0.39	(0.39)	0.76	(0.76)	2.05
VMNFX	0.37	0.04	0.26	0.50	0.38	(0.42)	0.84	(0.76)	2.04
VDVIX	0.86	0.16	0.11	0.15	1.35	(0.86)	1.81	(2.12)	8.46

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