Vanguard Explorer Correlations

Mutual Funds . USA . 
Fund . Vanguard Explorer Value
VEVFX Fund  USD 42.93  0.21  0.49%   
The current 90-days correlation between Vanguard Explorer Value and Vanguard Strategic Small Cap is 0.97 (i.e., Almost no diversification). The correlation of Vanguard Explorer 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 Explorer Correlation With Market

Very poor diversification

The correlation between Vanguard Explorer Value 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 Explorer Value 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 Explorer Value. 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 census.

Moving together with Vanguard Mutual Fund

  0.98VMIAX Vanguard Materials IndexPairCorr
  0.92VMLUX Vanguard Limited TermPairCorr
  0.93VMLTX Vanguard Limited TermPairCorr
  0.86VMNVX Vanguard Global MinimumPairCorr
  0.97VMMSX Vanguard Emerging MarketsPairCorr
  0.93VMSIX Vanguard Multi SectorPairCorr
  0.99VMVAX Vanguard Mid CapPairCorr
  0.99VMVIX Vanguard Mid CapPairCorr
  0.89VMVFX Vanguard Global MinimumPairCorr
  0.97VMVLX Vanguard Mega CapPairCorr
  0.66VNJTX Vanguard New JerseyPairCorr
  0.61VOHIX Vanguard Ohio LongPairCorr
  0.92VPADX Vanguard Pacific StockPairCorr
  0.92VPACX Vanguard Pacific StockPairCorr
  0.98VPCCX Vanguard PrimecapPairCorr
  0.92VPKIX Vanguard Pacific StockPairCorr
  0.97VPMCX Vanguard PrimecapPairCorr
  0.97VPMAX Vanguard PrimecapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.95VQNPX Vanguard Growth AndPairCorr
  0.84VRTPX Vanguard Reit IiPairCorr
  0.93VADGX Vanguard Advice SelectPairCorr
  0.98VAGVX Vanguard Advice SelectPairCorr
  0.91VAIGX Vanguard Advice SelectPairCorr
  0.62VAIPX Vanguard Inflation-protecPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.95VSCGX Vanguard LifestrategyPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.86VSCSX Vanguard Short TermPairCorr
  0.65VSBIX Vanguard Short TermPairCorr
  0.69VSBSX Vanguard Short TermPairCorr
  0.95VSEMX Vanguard Extended MarketPairCorr
  0.99VSEQX 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 Explorer 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 Explorer'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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