Vanguard Emerging Correlations

Mutual Funds . USA . 
Fund . Vanguard Emerging Markets
VGAVX Fund  USD 16.38  0.03  0.18%   
The current 90-days correlation between Vanguard Emerging Markets and Vanguard Global Ex Us is 0.35 (i.e., Weak diversification). The correlation of Vanguard Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Vanguard Emerging Markets and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging Markets 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 Emerging Markets. 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 real.

Moving together with Vanguard Mutual Fund

  0.99FGBMX Fidelity New MarketsPairCorr
  0.99FGZMX Fidelity New MarketsPairCorr
  0.63FGWMX Fidelity New MarketsPairCorr
  0.64FGVMX Fidelity New MarketsPairCorr
  0.99FGYMX Fidelity New MarketsPairCorr
  0.99MEDIX Mfs Emerging MarketsPairCorr
  0.99MEDCX Mfs Emerging MarketsPairCorr
  0.99MEDAX Mfs Emerging MarketsPairCorr
  0.92MEDBX Mfs Emerging MarketsPairCorr
  0.99MEDEX Mfs Emerging MarketsPairCorr
  0.93VSTSX Vanguard Total StockPairCorr
  0.93VSMPX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.93VTISX Vanguard Total InterPairCorr
  0.93VTSNX Vanguard Total InterPairCorr
  0.93VTPSX Vanguard Total InterPairCorr
  0.93VINIX Vanguard InstitutionalPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.93DQIYX Dreyfus Equity IncomePairCorr
  0.84RIVKX American Funds InterPairCorr
  0.98FFFCX Fidelity Freedom 2010PairCorr
  0.86FDEGX Fidelity Growth StraPairCorr
  0.89SPSDX Sterling Capital BehPairCorr
  0.89PSHAX Short Term FundPairCorr
  0.93FISVX Fidelity Small CapPairCorr
  0.92CSRYX Columbia Select LargePairCorr
  0.67CVX Chevron CorpPairCorr
  0.63IBM International BusinessPairCorr

Moving against Vanguard Mutual Fund

  0.68MCD McDonaldsPairCorr
  0.33VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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