Vanguard Explorer Correlations

Mutual Funds . USA . 
Fund . Vanguard Explorer Fund
VEXRX Fund  USD 106.80  0.39  0.37%   
The current 90-days correlation between Vanguard Explorer and Ab Equity Income is -0.1 (i.e., Good 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 weak diversification

The correlation between Vanguard Explorer Fund and DJI is 0.51 (i.e., Very weak 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 metropolitan statistical area.

Moving together with Vanguard Mutual Fund

  0.89VMLUX Vanguard Limited TermPairCorr
  0.89VMLTX Vanguard Limited TermPairCorr
  0.61VMNVX Vanguard Global MinimumPairCorr
  0.62VMMSX Vanguard Emerging MarketsPairCorr
  0.61VMNIX Vanguard Market NeutralPairCorr
  0.61VMNFX Vanguard Market NeutralPairCorr
  0.86VMSIX Vanguard Multi SectorPairCorr
  0.99VMVAX Vanguard Mid CapPairCorr
  0.99VMVIX Vanguard Mid CapPairCorr
  0.61VMVFX Vanguard Global MinimumPairCorr
  0.97VMVLX Vanguard Mega CapPairCorr
  0.66VOHIX Vanguard Ohio LongPairCorr
  0.94VPACX Vanguard Pacific StockPairCorr
  0.98VPCCX Vanguard PrimecapPairCorr
  0.94VPKIX Vanguard Pacific StockPairCorr
  0.99VPMCX Vanguard PrimecapPairCorr
  0.99VPMAX Vanguard PrimecapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.91VQNPX Vanguard Growth AndPairCorr
  0.81VRTPX Vanguard Reit IiPairCorr
  0.97VADGX Vanguard Advice SelectPairCorr
  0.91VAGVX Vanguard Advice SelectPairCorr
  0.92VAIGX Vanguard Advice SelectPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  0.98VSCGX Vanguard LifestrategyPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  0.85VSCSX Vanguard Short TermPairCorr
  0.61VSBSX Vanguard Short TermPairCorr
  1.0VSEMX Vanguard Extended MarketPairCorr
  1.0VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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