Vanguard Developed Correlations

Mutual Funds . USA . 
Fund . Vanguard Developed Markets
VDIPX Fund  USD 28.78  0.03  0.10%   
The current 90-days correlation between Vanguard Developed and Calvert Global Energy is 0.91 (i.e., Almost no diversification). The correlation of Vanguard Developed 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 Developed Correlation With Market

Very poor diversification

The correlation between Vanguard Developed Markets and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Developed Markets 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 Developed Markets. 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 american community survey.

Moving together with Vanguard Mutual Fund

  0.94VMIAX Vanguard Materials IndexPairCorr
  0.75VMLUX Vanguard Limited TermPairCorr
  0.75VMLTX Vanguard Limited TermPairCorr
  0.95VMNVX Vanguard Global MinimumPairCorr
  0.97VMMSX Vanguard Emerging MarketsPairCorr
  0.87VMNIX Vanguard Market NeutralPairCorr
  0.87VMNFX Vanguard Market NeutralPairCorr
  0.91VMSIX Vanguard Multi SectorPairCorr
  0.92VMVAX Vanguard Mid CapPairCorr
  0.92VMVIX Vanguard Mid CapPairCorr
  0.95VMVFX Vanguard Global MinimumPairCorr
  0.87VMVLX Vanguard Mega CapPairCorr
  1.0VPADX Vanguard Pacific StockPairCorr
  1.0VPACX Vanguard Pacific StockPairCorr
  0.95VPCCX Vanguard PrimecapPairCorr
  1.0VPKIX Vanguard Pacific StockPairCorr
  0.95VPMCX Vanguard PrimecapPairCorr
  0.95VPMAX Vanguard PrimecapPairCorr
  0.93NAESX Vanguard Small CapPairCorr
  0.97VQNPX Vanguard Growth AndPairCorr
  0.82VRTPX Vanguard Reit IiPairCorr
  0.93VADGX Vanguard Advice SelectPairCorr
  0.96VAGVX Vanguard Advice SelectPairCorr
  0.97VAIGX Vanguard Advice SelectPairCorr
  0.93VSCIX Vanguard Small CapPairCorr
  0.98VSCGX Vanguard LifestrategyPairCorr
  0.93VSCPX Vanguard Small CapPairCorr
  0.85VSCSX Vanguard Short TermPairCorr
  0.64VSBIX Vanguard Short TermPairCorr
  0.66VSBSX Vanguard Short TermPairCorr
  0.96VSEMX Vanguard Extended MarketPairCorr
  0.95VSEQX 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 Developed 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 Developed'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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