Vanguard Financials Correlations

Mutual Funds . USA . 
Fund . Vanguard Financials Index
VFAIX Fund  USD 64.95  0.15  0.23%   
The current 90-days correlation between Vanguard Financials Index and Vanguard Industrials Index is 0.7 (i.e., Poor diversification). The correlation of Vanguard Financials 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 Financials Correlation With Market

Very poor diversification

The correlation between Vanguard Financials Index and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Financials Index 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 Financials Index. 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 gross domestic product.

Moving together with Vanguard Mutual Fund

  0.84VMIAX Vanguard Materials IndexPairCorr
  0.62VMLUX Vanguard Limited TermPairCorr
  0.63VMLTX Vanguard Limited TermPairCorr
  0.7VMNVX Vanguard Global MinimumPairCorr
  0.7VMMSX Vanguard Emerging MarketsPairCorr
  0.65VMNIX Vanguard Market NeutralPairCorr
  0.65VMNFX Vanguard Market NeutralPairCorr
  0.71VMSIX Vanguard Multi SectorPairCorr
  0.85VMVAX Vanguard Mid CapPairCorr
  0.85VMVIX Vanguard Mid CapPairCorr
  0.7VMVFX Vanguard Global MinimumPairCorr
  0.81VMVLX Vanguard Mega CapPairCorr
  0.71VPADX Vanguard Pacific StockPairCorr
  0.71VPACX Vanguard Pacific StockPairCorr
  0.72VPCCX Vanguard PrimecapPairCorr
  0.7VPKIX Vanguard Pacific StockPairCorr
  0.69VPMCX Vanguard PrimecapPairCorr
  0.69VPMAX Vanguard PrimecapPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.73VQNPX Vanguard Growth AndPairCorr
  0.8VRTPX Vanguard Reit IiPairCorr
  0.85VADGX Vanguard Advice SelectPairCorr
  0.82VAGVX Vanguard Advice SelectPairCorr
  0.79VAIGX Vanguard Advice SelectPairCorr
  0.65VAIPX Vanguard Inflation-protecPairCorr
  0.89VSCIX Vanguard Small CapPairCorr
  0.71VSCGX Vanguard LifestrategyPairCorr
  0.89VSCPX Vanguard Small CapPairCorr
  0.65VSCSX Vanguard Short TermPairCorr
  0.62VSBIX Vanguard Short TermPairCorr
  0.63VSBSX Vanguard Short TermPairCorr
  0.86VSEQX Vanguard Strategic EquityPairCorr
  0.7VASGX Vanguard LifestrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Financials 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 Financials' 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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