Vanguard Financials Correlations

Mutual Funds . USA . 
Fund . Vanguard Financials Index
VFAIX Fund  USD 64.42  0.09  0.14%   
The current 90-days correlation between Vanguard Financials Index and Vanguard Industrials Index is 0.88 (i.e., Very 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

Good diversification

The correlation between Vanguard Financials Index and DJI is -0.18 (i.e., Good 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

  0.96VMIAX Vanguard Materials IndexPairCorr
  0.91VMLUX Vanguard Limited TermPairCorr
  0.92VMLTX Vanguard Limited TermPairCorr
  0.9VMNVX Vanguard Global MinimumPairCorr
  0.96VMMSX Vanguard Emerging MarketsPairCorr
  0.67VMSIX Vanguard Multi SectorPairCorr
  0.99VMVAX Vanguard Mid CapPairCorr
  0.69VMVIX Vanguard Mid CapPairCorr
  0.75VMVLX Vanguard Mega CapPairCorr
  0.69VPCCX Vanguard PrimecapPairCorr
  0.95VPMCX Vanguard PrimecapPairCorr
  0.68VPMAX Vanguard PrimecapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.97VQNPX Vanguard Growth AndPairCorr
  0.72VADGX Vanguard Advice SelectPairCorr
  0.63VAIGX Vanguard Advice SelectPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.83VSCSX Vanguard Short TermPairCorr
  0.7VSEMX Vanguard Extended MarketPairCorr
  0.99VSEQX Vanguard Strategic EquityPairCorr
  0.97VASGX Vanguard LifestrategyPairCorr
  0.98VSGAX Vanguard Small CapPairCorr
  0.98VASVX Vanguard Selected ValuePairCorr

Related Correlations Analysis

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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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