Vanguard Energy Correlations

VENAX Fund

USD 62.24 0.57 0.91%

The current 90-days correlation between Vanguard Energy Index and Vanguard Energy Index is 1.0 (i.e., No risk reduction). The correlation of Vanguard Energy 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 Energy Correlation With Market

Weak diversification

The correlation between Vanguard Energy Index and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Energy Index 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 Energy Index. 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

0.62	VMMSX	Vanguard Emerging Markets	Pair Corr
0.73	VMVAX	Vanguard Mid Cap	Pair Corr
0.73	VMVIX	Vanguard Mid Cap	Pair Corr
0.7	VMVLX	Vanguard Mega Cap	Pair Corr
0.61	VPCCX	Vanguard Primecap	Pair Corr
0.61	VPMCX	Vanguard Primecap	Pair Corr
0.61	VPMAX	Vanguard Primecap	Pair Corr
0.73	NAESX	Vanguard Small Cap	Pair Corr
0.61	VQNPX	Vanguard Growth And	Pair Corr
0.65	VRTPX	Vanguard Reit Ii	Pair Corr
0.61	VAGVX	Vanguard Advice Select	Pair Corr
0.71	VAIGX	Vanguard Advice Select	Pair Corr
0.73	VSCIX	Vanguard Small Cap	Pair Corr
0.73	VSCPX	Vanguard Small Cap	Pair Corr
0.73	VSEQX	Vanguard Strategic Equity	Pair Corr

Related Correlations Analysis

	VDE	VDC	VUIAX	VPU	VIS	VCR	VCDAX	VINAX	MGC	VIAAX
VDE		-0.66	0.12	0.12	0.55	0.74	0.74	0.55	0.61	0.43	VDE
VDC	-0.66		-0.49	-0.48	-0.58	-0.42	-0.43	-0.57	-0.63	-0.22	VDC
VUIAX	0.12	-0.49		1.0	0.67	0.21	0.21	0.67	0.69	0.45	VUIAX
VPU	0.12	-0.48	1.0		0.66	0.2	0.2	0.66	0.69	0.45	VPU
VIS	0.55	-0.58	0.67	0.66		0.59	0.59	1.0	0.8	0.73	VIS
VCR	0.74	-0.42	0.21	0.2	0.59		1.0	0.59	0.82	0.75	VCR
VCDAX	0.74	-0.43	0.21	0.2	0.59	1.0		0.59	0.82	0.75	VCDAX
VINAX	0.55	-0.57	0.67	0.66	1.0	0.59	0.59		0.8	0.73	VINAX
MGC	0.61	-0.63	0.69	0.69	0.8	0.82	0.82	0.8		0.79	MGC
VIAAX	0.43	-0.22	0.45	0.45	0.73	0.75	0.75	0.73	0.79		VIAAX
	VDE	VDC	VUIAX	VPU	VIS	VCR	VCDAX	VINAX	MGC	VIAAX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VPU	+ 1.0	VUIAX
VINAX	+ 1.0	VIS
VCDAX	+ 1.0	VCR
MGC	+ 0.82	VCR
MGC	+ 0.82	VCDAX
MGC	+ 0.8	VIS

High negative correlations

VDC	- 0.66	VDE
MGC	- 0.63	VDC
VIS	- 0.58	VDC
VINAX	- 0.57	VDC
VUIAX	- 0.49	VDC
VPU	- 0.48	VDC

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Energy 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 Energy'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
VDE	0.83	(0.02)	(0.04)	0.05	1.07	(0.84)	1.73	(1.89)	5.09
VDC	0.51	(0.04)	0.00	(0.14)	0.00	0.00	0.97	(0.99)	3.11
VUIAX	0.63	0.10	0.08	0.34	0.55	(0.69)	1.49	(1.10)	3.47
VPU	0.62	0.10	0.07	0.35	0.58	(0.67)	1.26	(1.06)	3.53
VIS	0.68	(0.04)	(0.04)	0.04	0.75	(0.77)	1.35	(1.43)	4.30
VCR	0.78	(0.02)	0.01	0.06	1.01	(0.80)	1.92	(1.43)	6.46
VCDAX	0.77	(0.01)	0.01	0.06	0.99	(0.80)	1.94	(1.45)	6.37
VINAX	0.68	(0.04)	(0.04)	0.04	0.76	(0.78)	1.35	(1.43)	4.26
MGC	0.52	0.04	0.05	0.12	0.60	(0.59)	1.06	(0.74)	4.26
VIAAX	0.56	(0.04)	(0.07)	0.02	0.81	(0.52)	0.96	(1.37)	3.58

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC