Vanguard Emerging Correlations

VEMAX Fund

USD 45.34 0.16 0.35%

The current 90-days correlation between Vanguard Emerging Markets and Vanguard FTSE Emerging is 0.96 (i.e., Almost no diversification). The correlation of Vanguard Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Vanguard Emerging Markets and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging 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 Emerging 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 nation.

Moving together with Vanguard Mutual Fund

0.84	VMLUX	Vanguard Limited Term	Pair Corr
0.84	VMLTX	Vanguard Limited Term	Pair Corr
0.76	VMNVX	Vanguard Global Minimum	Pair Corr
0.99	VMMSX	Vanguard Emerging Markets	Pair Corr
0.92	VPADX	Vanguard Pacific Stock	Pair Corr
0.95	VPMCX	Vanguard Primecap	Pair Corr
0.95	VPMAX	Vanguard Primecap	Pair Corr
0.97	VBAIX	Vanguard Balanced Index	Pair Corr
0.98	VSVNX	Vanguard Target Reti	Pair Corr
0.97	VBIAX	Vanguard Balanced Index	Pair Corr
0.98	VTHRX	Vanguard Target Reti	Pair Corr
0.96	VTINX	Vanguard Target Reti	Pair Corr
0.98	VTIVX	Vanguard Target Reti	Pair Corr
0.97	VTMFX	Vanguard Tax Managed	Pair Corr
0.98	VTTHX	Vanguard Target Reti	Pair Corr
0.97	VTTVX	Vanguard Target Reti	Pair Corr
0.98	VTTSX	Vanguard Target Reti	Pair Corr
0.97	VTWNX	Vanguard Target Reti	Pair Corr
0.91	VVIAX	Vanguard Value Index	Pair Corr
1.0	VEMIX	Vanguard Emerging Markets	Pair Corr
0.77	VWESX	Vanguard Long Term	Pair Corr
0.94	VWNAX	Vanguard Windsor	Pair Corr
0.69	VWNDX	Vanguard Windsor	Pair Corr
0.98	VFFVX	Vanguard Target Reti	Pair Corr
0.98	VFIFX	Vanguard Target Reti	Pair Corr
0.98	VFORX	Vanguard Target Reti	Pair Corr
0.84	VFSTX	Vanguard Short Term	Pair Corr
0.97	VFWAX	Vanguard Ftse All	Pair Corr
0.8	VGHCX	Vanguard Health Care	Pair Corr
0.97	VGSTX	Vanguard Star	Pair Corr
0.95	VHCAX	Vanguard Capital Opp	Pair Corr
0.88	VHYAX	Vanguard High Dividend	Pair Corr

Moving against Vanguard Mutual Fund

0.48

VMIAX

Vanguard Materials Index

Pair Corr

Related Correlations Analysis

	VWO	VB	IWF	VGT	VIEIX	VSCIX	IEFA	IEMG	VXF	VITAX
VWO		0.7	0.95	0.94	0.8	0.7	0.9	0.99	0.8	0.94	VWO
VB	0.7		0.65	0.61	0.97	1.0	0.62	0.64	0.97	0.61	VB
IWF	0.95	0.65		0.99	0.78	0.65	0.84	0.97	0.78	0.99	IWF
VGT	0.94	0.61	0.99		0.75	0.61	0.84	0.97	0.76	1.0	VGT
VIEIX	0.8	0.97	0.78	0.75		0.97	0.66	0.75	1.0	0.75	VIEIX
VSCIX	0.7	1.0	0.65	0.61	0.97		0.62	0.64	0.97	0.61	VSCIX
IEFA	0.9	0.62	0.84	0.84	0.66	0.62		0.9	0.67	0.84	IEFA
IEMG	0.99	0.64	0.97	0.97	0.75	0.64	0.9		0.76	0.97	IEMG
VXF	0.8	0.97	0.78	0.76	1.0	0.97	0.67	0.76		0.76	VXF
VITAX	0.94	0.61	0.99	1.0	0.75	0.61	0.84	0.97	0.76		VITAX
	VWO	VB	IWF	VGT	VIEIX	VSCIX	IEFA	IEMG	VXF	VITAX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Emerging 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 Emerging'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
VWO	0.61	0.05	0.05	0.13	0.74	(0.70)	1.34	(0.89)	5.36
VB	0.72	(0.06)	(0.05)	0.01	0.97	(0.69)	1.48	(1.32)	5.98
IWF	0.72	0.00	0.00	0.06	1.00	(0.71)	1.56	(1.63)	4.75
VGT	0.92	0.03	0.03	0.09	1.32	(0.89)	1.77	(1.96)	5.85
VIEIX	0.81	(0.06)	(0.04)	0.02	1.03	(0.84)	1.57	(1.63)	6.18
VSCIX	0.73	(0.07)	(0.05)	0.01	0.96	(0.73)	1.50	(1.34)	6.04
IEFA	0.53	0.00	(0.03)	0.06	0.61	(0.54)	1.04	(1.00)	3.47
IEMG	0.67	0.08	0.07	0.16	0.80	(0.75)	1.68	(1.08)	5.45
VXF	0.81	(0.06)	(0.04)	0.02	1.05	(0.85)	1.54	(1.59)	6.25
VITAX	0.92	0.03	0.03	0.09	1.36	(0.89)	1.83	(2.01)	5.95

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