Vanguard Global Correlations

Mutual Funds . USA . 
Fund . Vanguard Global Ex Us
VGRLX Fund  USD 28.13  0.22  0.79%   
The current 90-days correlation between Vanguard Global Ex and Victory Select Fund is 0.77 (i.e., Poor 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 Ex Us and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Ex Us 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 Ex Us. 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

  0.92VMIAX Vanguard Materials IndexPairCorr
  0.97VMLUX Vanguard Limited TermPairCorr
  0.97VMLTX Vanguard Limited TermPairCorr
  0.88VMNVX Vanguard Global MinimumPairCorr
  0.94VMMSX Vanguard Emerging MarketsPairCorr
  0.97VMSIX Vanguard Multi SectorPairCorr
  0.9VMVAX Vanguard Mid CapPairCorr
  0.9VMVIX Vanguard Mid CapPairCorr
  0.88VMVFX Vanguard Global MinimumPairCorr
  0.95VMVLX Vanguard Mega CapPairCorr
  0.97VPADX Vanguard Pacific StockPairCorr
  0.97VPACX Vanguard Pacific StockPairCorr
  0.95VPCCX Vanguard PrimecapPairCorr
  0.97VPKIX Vanguard Pacific StockPairCorr
  0.94VPMCX Vanguard PrimecapPairCorr
  0.94VPMAX Vanguard PrimecapPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.92VQNPX Vanguard Growth AndPairCorr
  0.84VRTPX Vanguard Reit IiPairCorr
  0.86VADGX Vanguard Advice SelectPairCorr
  0.92VAGVX Vanguard Advice SelectPairCorr
  0.82VAIGX Vanguard Advice SelectPairCorr
  0.73VAIPX Vanguard Inflation-protecPairCorr
  0.89VSCIX Vanguard Small CapPairCorr
  0.96VSCGX Vanguard LifestrategyPairCorr
  0.89VSCPX Vanguard Small CapPairCorr
  0.95VSCSX Vanguard Short TermPairCorr
  0.84VSBIX Vanguard Short TermPairCorr
  0.86VSBSX Vanguard Short TermPairCorr
  0.9VSEMX 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 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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