Vanguard Global Correlations

Mutual Funds . USA . 
Fund . Vanguard Global Ex Us
VGRNX Fund  USD 92.01  0.16  0.17%   
The current 90-days correlation between Vanguard Global Ex and Financial Industries Fund is 0.48 (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 Ex Us and DJI is 0.33 (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 board of governors.

Moving together with Vanguard Mutual Fund

  0.92VMIAX Vanguard Materials IndexPairCorr
  0.97VMLUX Vanguard Limited TermPairCorr
  0.96VMLTX Vanguard Limited TermPairCorr
  0.89VMNVX Vanguard Global MinimumPairCorr
  0.94VMMSX Vanguard Emerging MarketsPairCorr
  0.66VMNIX Vanguard Market Neutral Potential GrowthPairCorr
  0.65VMNFX Vanguard Market Neutral Potential GrowthPairCorr
  0.97VMSIX Vanguard Multi SectorPairCorr
  0.91VMVAX Vanguard Mid CapPairCorr
  0.91VMVIX Vanguard Mid CapPairCorr
  0.89VMVFX Vanguard Global MinimumPairCorr
  0.94VMVLX Vanguard Mega CapPairCorr
  0.61VOHIX Vanguard Ohio LongPairCorr
  0.98VPADX Vanguard Pacific StockPairCorr
  0.98VPACX Vanguard Pacific StockPairCorr
  0.95VPCCX Vanguard PrimecapPairCorr
  0.98VPKIX Vanguard Pacific StockPairCorr
  0.94VPMCX Vanguard PrimecapPairCorr
  0.94VPMAX Vanguard PrimecapPairCorr
  0.9NAESX Vanguard Small CapPairCorr
  0.93VQNPX Vanguard Growth AndPairCorr
  0.86VRTPX Vanguard Reit IiPairCorr
  0.88VADGX Vanguard Advice SelectPairCorr
  0.94VAGVX Vanguard Advice SelectPairCorr
  0.85VAIGX Vanguard Advice SelectPairCorr
  0.74VAIPX Vanguard Inflation-protecPairCorr
  0.9VSCIX Vanguard Small CapPairCorr
  0.96VSCGX Vanguard LifestrategyPairCorr
  0.9VSCPX Vanguard Small CapPairCorr
  0.96VSCSX Vanguard Short TermPairCorr
  0.83VSBIX Vanguard Short TermPairCorr
  0.84VSBSX Vanguard Short TermPairCorr
  0.91VSEMX Vanguard Extended MarketPairCorr
  0.91VSEQX 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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