Vanguard Energy Correlations

Mutual Funds . USA . 
Fund . Vanguard Energy Fund
VGELX Fund  USD 90.28  0.48  0.53%   
The current 90-days correlation between Vanguard Energy and Vanguard Health Care is 0.28 (i.e., Modest diversification). The correlation of Vanguard Energy 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 Energy Correlation With Market

Good diversification

The correlation between Vanguard Energy Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Energy 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 Energy 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 bureau of economic analysis.

Moving together with Vanguard Mutual Fund

  0.89VMIAX Vanguard Materials IndexPairCorr
  0.94VMLUX Vanguard Limited TermPairCorr
  0.93VMLTX Vanguard Limited TermPairCorr
  0.86VMNVX Vanguard Global MinimumPairCorr
  0.92VMMSX Vanguard Emerging MarketsPairCorr
  0.95VMSIX Vanguard Multi SectorPairCorr
  0.88VMVAX Vanguard Mid CapPairCorr
  0.88VMVIX Vanguard Mid CapPairCorr
  0.86VMVFX Vanguard Global MinimumPairCorr
  0.92VPADX Vanguard Pacific StockPairCorr
  0.92VPACX Vanguard Pacific StockPairCorr
  0.94VPCCX Vanguard PrimecapPairCorr
  0.64VPKIX Vanguard Pacific StockPairCorr
  0.94VPMCX Vanguard PrimecapPairCorr
  0.94VPMAX Vanguard PrimecapPairCorr
  0.88NAESX Vanguard Small CapPairCorr
  0.92VQNPX Vanguard Growth AndPairCorr
  0.78VRTPX Vanguard Reit IiPairCorr
  0.93VAGVX Vanguard Advice SelectPairCorr
  0.69VAIPX Vanguard Inflation-protecPairCorr
  0.88VSCIX Vanguard Small CapPairCorr
  0.94VSCGX Vanguard LifestrategyPairCorr
  0.88VSCPX Vanguard Small CapPairCorr
  0.93VSCSX Vanguard Short TermPairCorr
  0.8VSBIX Vanguard Short TermPairCorr
  0.79VSBSX Vanguard Short TermPairCorr
  0.91VSEMX Vanguard Extended MarketPairCorr
  0.89VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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