Vanguard Explorer Correlations

Mutual Funds . USA . 
Fund . Vanguard Explorer Fund
VEXPX Fund  USD 113.96  0.52  0.46%   
The current 90-days correlation between Vanguard Explorer and Vanguard Materials Index is 0.95 (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

Almost no diversification

The correlation between Vanguard Explorer Fund and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Explorer Fund 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 Fund. 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

  0.97VMIAX Vanguard Materials IndexPairCorr
  0.78VMLUX Vanguard Limited TermPairCorr
  0.77VMLTX Vanguard Limited TermPairCorr
  0.93VMNVX Vanguard Global MinimumPairCorr
  0.97VMMSX Vanguard Emerging MarketsPairCorr
  0.81VMNIX Vanguard Market NeutralPairCorr
  0.81VMNFX Vanguard Market NeutralPairCorr
  0.91VMSIX Vanguard Multi SectorPairCorr
  0.98VMVAX Vanguard Mid CapPairCorr
  0.97VMVIX Vanguard Mid CapPairCorr
  0.93VMVFX Vanguard Global MinimumPairCorr
  0.94VMVLX Vanguard Mega CapPairCorr
  0.92VPADX Vanguard Pacific StockPairCorr
  0.92VPACX Vanguard Pacific StockPairCorr
  0.99VPCCX Vanguard PrimecapPairCorr
  0.92VPKIX Vanguard Pacific StockPairCorr
  0.99VPMCX Vanguard PrimecapPairCorr
  0.99VPMAX Vanguard PrimecapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.94VQNPX Vanguard Growth AndPairCorr
  0.83VRTPX Vanguard Reit IiPairCorr
  0.88VADGX Vanguard Advice SelectPairCorr
  0.93VAGVX Vanguard Advice SelectPairCorr
  0.92VAIGX Vanguard Advice SelectPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  0.96VSCGX Vanguard LifestrategyPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  0.77VSCSX Vanguard Short TermPairCorr
  0.94VSEMX Vanguard Extended MarketPairCorr
  1.0VSEQX 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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