Vanguard Energy Correlations

Mutual Funds . USA . 
Fund . Vanguard Energy Fund
VGENX Fund  USD 48.37  0.15  0.31%   
The current 90-days correlation between Vanguard Energy and Vanguard Global Capital is 0.55 (i.e., Very weak 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

Modest diversification

The correlation between Vanguard Energy Fund and DJI is 0.27 (i.e., Modest 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 board of governors.

Moving together with Vanguard Mutual Fund

  0.9VMIAX Vanguard Materials IndexPairCorr
  0.94VMLUX Vanguard Limited TermPairCorr
  0.93VMLTX Vanguard Limited TermPairCorr
  0.87VMNVX Vanguard Global MinimumPairCorr
  0.92VMMSX Vanguard Emerging MarketsPairCorr
  0.95VMSIX Vanguard Multi SectorPairCorr
  0.9VMVAX Vanguard Mid CapPairCorr
  0.89VMVIX Vanguard Mid CapPairCorr
  0.87VMVFX Vanguard Global MinimumPairCorr
  0.94VMVLX Vanguard Mega CapPairCorr
  0.93VPADX Vanguard Pacific StockPairCorr
  0.93VPACX Vanguard Pacific StockPairCorr
  0.95VPCCX Vanguard PrimecapPairCorr
  0.93VPKIX Vanguard Pacific StockPairCorr
  0.94VPMCX Vanguard PrimecapPairCorr
  0.94VPMAX Vanguard PrimecapPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.92VQNPX Vanguard Growth AndPairCorr
  0.81VRTPX Vanguard Reit IiPairCorr
  0.85VADGX Vanguard Advice SelectPairCorr
  0.93VAGVX Vanguard Advice SelectPairCorr
  0.83VAIGX Vanguard Advice SelectPairCorr
  0.69VAIPX Vanguard Inflation-protecPairCorr
  0.89VSCIX Vanguard Small CapPairCorr
  0.94VSCGX Vanguard LifestrategyPairCorr
  0.89VSCPX Vanguard Small CapPairCorr
  0.93VSCSX Vanguard Short TermPairCorr
  0.79VSBIX Vanguard Short TermPairCorr
  0.79VSBSX Vanguard Short TermPairCorr
  0.91VSEMX Vanguard Extended MarketPairCorr
  0.9VSEQX 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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