Vanguard Global Correlations

Mutual Funds USA . 
Fund . Vanguard Global Capital
VGPMX Fund  USD 15.87  0.09  0.57%   
The current 90-days correlation between Vanguard Global Capital and Vanguard Energy Fund is 0.54 (i.e., Very weak diversification). The correlation of Vanguard Global 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 Global Correlation With Market

Weak diversification

The correlation between Vanguard Global Capital and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Capital 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 Global Capital. 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 population.

Moving together with Vanguard Mutual Fund

  0.94VMIAX Vanguard Materials IndexPairCorr
  0.96VMLUX Vanguard Limited TermPairCorr
  0.96VMLTX Vanguard Limited TermPairCorr
  0.92VMNVX Vanguard Global MinimumPairCorr
  0.96VMMSX Vanguard Emerging MarketsPairCorr
  0.64VMNIX Vanguard Market NeutralPairCorr
  0.64VMNFX Vanguard Market NeutralPairCorr
  0.96VMSIX Vanguard Multi SectorPairCorr
  0.93VMVAX Vanguard Mid CapPairCorr
  0.93VMVIX Vanguard Mid CapPairCorr
  0.92VMVFX Vanguard Global MinimumPairCorr
  0.95VMVLX Vanguard Mega CapPairCorr
  0.98VPADX Vanguard Pacific StockPairCorr
  0.98VPACX Vanguard Pacific StockPairCorr
  0.97VPCCX Vanguard PrimecapPairCorr
  0.98VPKIX Vanguard Pacific StockPairCorr
  0.97VPMCX Vanguard PrimecapPairCorr
  0.97VPMAX Vanguard PrimecapPairCorr
  0.93NAESX Vanguard Small CapPairCorr
  0.96VQNPX Vanguard Growth AndPairCorr
  0.82VRTPX Vanguard Reit IiPairCorr
  0.93VADGX Vanguard Advice SelectPairCorr
  0.96VAGVX Vanguard Advice SelectPairCorr
  0.91VAIGX Vanguard Advice SelectPairCorr
  0.62VAIPX Vanguard Inflation-protecPairCorr
  0.93VSCIX Vanguard Small CapPairCorr
  0.97VSCGX Vanguard LifestrategyPairCorr
  0.93VSCPX Vanguard Small CapPairCorr
  0.91VSCSX Vanguard Short TermPairCorr
  0.73VSBIX Vanguard Short TermPairCorr
  0.74VSBSX Vanguard Short TermPairCorr
  0.95VSEMX Vanguard Extended MarketPairCorr
  0.94VSEQX 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 Global 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 Global'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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