Vanguard Explorer Correlations

Mutual Funds . USA . 
Fund . Vanguard Explorer Fund
VEXRX Fund  USD 111.94  0.09  0.08%   
The current 90-days correlation between Vanguard Explorer and T Rowe Price is 0.79 (i.e., 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 0.84 (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 employment.

Moving together with Vanguard Mutual Fund

  0.77VMIAX Vanguard Materials IndexPairCorr
  0.82VMLUX Vanguard Limited TermPairCorr
  0.83VMLTX Vanguard Limited TermPairCorr
  0.83VMNVX Vanguard Global MinimumPairCorr
  0.88VMMSX Vanguard Emerging MarketsPairCorr
  0.67VMNIX Vanguard Market NeutralPairCorr
  0.67VMNFX Vanguard Market NeutralPairCorr
  0.89VMSIX Vanguard Multi SectorPairCorr
  0.92VMVAX Vanguard Mid CapPairCorr
  0.92VMVIX Vanguard Mid CapPairCorr
  0.83VMVFX Vanguard Global MinimumPairCorr
  0.93VMVLX Vanguard Mega CapPairCorr
  0.81VNJUX Vanguard New JerseyPairCorr
  0.81VNJTX Vanguard New JerseyPairCorr
  0.81VNYTX Vanguard New YorkPairCorr
  0.81VNYUX Vanguard New YorkPairCorr
  0.81VOHIX Vanguard Ohio LongPairCorr
  0.86VPADX Vanguard Pacific StockPairCorr
  0.86VPACX Vanguard Pacific StockPairCorr
  0.9VPCCX Vanguard PrimecapPairCorr
  0.81VPALX Vanguard PennsylvaniaPairCorr
  0.81VPAIX Vanguard PennsylvaniaPairCorr
  0.86VPKIX Vanguard Pacific StockPairCorr
  0.88VPMCX Vanguard PrimecapPairCorr
  0.88VPMAX Vanguard PrimecapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.9VQNPX Vanguard Growth AndPairCorr
  0.7VRTPX Vanguard Reit IiPairCorr
  0.82VADGX Vanguard Advice SelectPairCorr
  0.94VAGVX Vanguard Advice SelectPairCorr
  0.84VAIGX Vanguard Advice SelectPairCorr
  0.85VAIPX Vanguard InflationPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  0.9VSCGX Vanguard LifestrategyPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  0.86VSCSX Vanguard Short TermPairCorr
  0.84VSBIX Vanguard Short TermPairCorr
  0.84VSBSX Vanguard Short TermPairCorr
  0.97VSEQX Vanguard Strategic EquityPairCorr
  0.91VASGX Vanguard LifestrategyPairCorr

Related Correlations Analysis


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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