Vanguard Explorer Correlations

VEXPX Fund

USD 119.39 0.11 0.09%

The current 90-days correlation between Vanguard Explorer and Schwab Fundamental Large is 0.87 (i.e., Very poor 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 Fund and DJI is 0.81 (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 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 producer price index.

Moving together with Vanguard Mutual Fund

0.76	VMLUX	Vanguard Limited Term	Pair Corr
0.75	VMLTX	Vanguard Limited Term	Pair Corr
0.65	VMNVX	Vanguard Global Minimum	Pair Corr
0.79	VMMSX	Vanguard Emerging Markets	Pair Corr
0.78	VPADX	Vanguard Pacific Stock	Pair Corr
0.76	VPMCX	Vanguard Primecap	Pair Corr
0.76	VPMAX	Vanguard Primecap	Pair Corr
0.95	VSGIX	Vanguard Small Cap	Pair Corr
0.87	VBAIX	Vanguard Balanced Index	Pair Corr
0.72	VSVNX	Vanguard Target Reti	Pair Corr
0.75	VBIAX	Vanguard Balanced Index	Pair Corr
0.87	VBINX	Vanguard Balanced Index	Pair Corr
0.8	VBMFX	Vanguard Total Bond	Pair Corr
0.8	VTBNX	Vanguard Total Bond	Pair Corr
0.81	VBMPX	Vanguard Total Bond	Pair Corr
0.85	VTHRX	Vanguard Target Reti	Pair Corr
0.79	VBTLX	Vanguard Total Bond	Pair Corr
0.77	VTINX	Vanguard Target Reti	Pair Corr
0.84	VTIVX	Vanguard Target Reti	Pair Corr
0.82	VTMFX	Vanguard Tax Managed	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.85	VTTHX	Vanguard Target Reti	Pair Corr
0.85	VTTVX	Vanguard Target Reti	Pair Corr
0.84	VTTSX	Vanguard Target Reti	Pair Corr
0.85	VTWNX	Vanguard Target Reti	Pair Corr
0.79	VDIPX	Vanguard Developed	Pair Corr
0.83	VVIAX	Vanguard Value Index	Pair Corr
0.8	VEMIX	Vanguard Emerging Markets	Pair Corr
0.79	VWESX	Vanguard Long Term	Pair Corr
0.9	VWNAX	Vanguard Windsor	Pair Corr
0.69	VWNDX	Vanguard Windsor	Pair Corr
0.84	VFFVX	Vanguard Target Reti	Pair Corr
0.84	VFICX	Vanguard Intermediate-ter	Pair Corr

Related Correlations Analysis

	FNDX	EEM	XLU	SDY	GDX	IWP	COWZ	EWJ	SCHA	IDEV
FNDX		0.95	0.69	-0.37	0.77	0.2	0.65	0.84	0.89	0.92	FNDX
EEM	0.95		0.77	-0.5	0.78	0.09	0.47	0.89	0.82	0.93	EEM
XLU	0.69	0.77		-0.24	0.7	-0.12	0.13	0.63	0.59	0.76	XLU
SDY	-0.37	-0.5	-0.24		-0.29	0.31	0.0	-0.45	-0.19	-0.23	SDY
GDX	0.77	0.78	0.7	-0.29		0.21	0.22	0.54	0.8	0.77	GDX
IWP	0.2	0.09	-0.12	0.31	0.21		0.12	0.01	0.55	0.19	IWP
COWZ	0.65	0.47	0.13	0.0	0.22	0.12		0.56	0.49	0.54	COWZ
EWJ	0.84	0.89	0.63	-0.45	0.54	0.01	0.56		0.66	0.88	EWJ
SCHA	0.89	0.82	0.59	-0.19	0.8	0.55	0.49	0.66		0.82	SCHA
IDEV	0.92	0.93	0.76	-0.23	0.77	0.19	0.54	0.88	0.82		IDEV
	FNDX	EEM	XLU	SDY	GDX	IWP	COWZ	EWJ	SCHA	IDEV

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

EEM	+ 0.95	FNDX
IDEV	+ 0.93	EEM
IDEV	+ 0.92	FNDX
SCHA	+ 0.89	FNDX
EWJ	+ 0.89	EEM
IDEV	+ 0.88	EWJ

High negative correlations

SDY	- 0.5	EEM
EWJ	- 0.45	SDY
SDY	- 0.37	FNDX
GDX	- 0.29	SDY
SDY	- 0.24	XLU
IDEV	- 0.23	SDY

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FNDX	0.43	0.01	(0.01)	0.08	0.46	(0.47)	1.07	(0.75)	3.95
EEM	0.72	0.05	0.05	0.13	0.83	(0.80)	1.64	(1.17)	5.68
XLU	0.59	0.01	(0.05)	0.10	0.68	(0.62)	1.31	(1.12)	3.54
SDY	0.45	(0.08)	0.00	(0.05)	0.00	0.00	0.94	(1.00)	2.70
GDX	1.91	0.41	0.12	0.82	2.61	(2.00)	3.85	(4.24)	14.61
IWP	0.75	(0.13)	0.00	(0.04)	0.00	0.00	1.23	(1.66)	4.57
COWZ	0.50	(0.02)	(0.04)	0.06	0.61	(0.54)	1.13	(0.92)	4.17
EWJ	0.73	(0.01)	(0.01)	0.07	0.93	(0.82)	1.82	(1.27)	6.16
SCHA	0.84	(0.08)	(0.04)	0.02	1.05	(0.85)	1.87	(1.68)	6.65
IDEV	0.51	0.00	(0.03)	0.07	0.59	(0.51)	0.92	(1.13)	3.37

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