Vanguard Gnma Correlations

Mutual Funds . USA . 
Fund . Vanguard Gnma Fund
VFIJX Fund  USD 9.24  0.01  0.11%   
The current 90-days correlation between Vanguard Gnma and M Large Cap is 0.07 (i.e., Significant 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

Modest diversification

The correlation between Vanguard Gnma Fund and DJI is 0.21 (i.e., Modest 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 inflation.

Moving together with Vanguard Mutual Fund

  0.63VMIAX Vanguard Materials IndexPairCorr
  0.75VMLUX Vanguard Limited TermPairCorr
  0.73VMLTX Vanguard Limited TermPairCorr
  0.62VMMSX Vanguard Emerging MarketsPairCorr
  0.78VMSIX Vanguard Multi SectorPairCorr
  0.65VPMCX Vanguard PrimecapPairCorr
  0.65VPMAX Vanguard PrimecapPairCorr
  0.62VRTPX Vanguard Reit IiPairCorr
  0.85VSCSX Vanguard Short TermPairCorr
  0.88VSBSX Vanguard Short TermPairCorr
  0.95VSGBX Vanguard Short TermPairCorr
  0.95VSIGX Vanguard Intermediate-terPairCorr
  0.61VSMPX Vanguard Total StockPairCorr
  0.61VSTSX Vanguard Total StockPairCorr
  0.63VBIAX Vanguard Balanced IndexPairCorr
  0.97VBIIX Vanguard IntermediatePairCorr
  0.94VBISX Vanguard Short TermPairCorr
  0.85VBIRX Vanguard Short TermPairCorr
  0.83VBLLX Vanguard Long TermPairCorr
  0.99VBMFX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.89VTBNX Vanguard Total BondPairCorr

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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