Vanguard Gnma Correlations

Mutual Funds . USA . 
Fund . Vanguard Gnma Fund
VFIIX Fund  USD 9.26  0.03  0.32%   
The current 90-days correlation between Vanguard Gnma and Qs Growth Fund is -0.01 (i.e., Good diversification). The correlation of Vanguard Gnma 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 Gnma Correlation With Market

Significant diversification

The correlation between Vanguard Gnma Fund and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Gnma 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 Gnma 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 gross domestic product.

Moving together with VANGUARD Mutual Fund

  0.62VMLUX Vanguard Limited TermPairCorr
  0.63VMLTX Vanguard Limited TermPairCorr
  0.63VNJUX Vanguard New JerseyPairCorr
  0.61VNYTX Vanguard New YorkPairCorr
  0.61VNYUX Vanguard New YorkPairCorr
  0.64VOHIX Vanguard Ohio LongPairCorr
  0.83VAIPX Vanguard Inflation-protecPairCorr
  0.63VSCSX Vanguard Short TermPairCorr
  0.67VSBIX Vanguard Short TermPairCorr
  0.66VSBSX Vanguard Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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