Vanguard Total Correlations

VTBSX Fund

USD 9.83 0.02 0.20%

The correlation of Vanguard Total 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 Total Correlation With Market

Modest diversification

The correlation between Vanguard Total Bond and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total Bond 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 Total Bond. 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 main economic indicators.

Moving together with Vanguard Mutual Fund

0.78	VMLUX	Vanguard Limited Term	Pair Corr
0.78	VMLTX	Vanguard Limited Term	Pair Corr
0.76	VMNVX	Vanguard Global Minimum	Pair Corr
0.82	VMMSX	Vanguard Emerging Markets	Pair Corr
0.76	VMVLX	Vanguard Mega Cap	Pair Corr
0.9	VNJTX	Vanguard New Jersey	Pair Corr
0.91	VNYTX	Vanguard New York	Pair Corr
0.9	VOHIX	Vanguard Ohio Long	Pair Corr
0.79	VPACX	Vanguard Pacific Stock	Pair Corr
0.78	VPCCX	Vanguard Primecap	Pair Corr
0.9	VPALX	Vanguard Pennsylvania	Pair Corr
0.9	VPAIX	Vanguard Pennsylvania	Pair Corr
0.73	VPKIX	Vanguard Pacific Stock	Pair Corr
0.78	VPMAX	Vanguard Primecap	Pair Corr
0.83	VAGVX	Vanguard Advice Select	Pair Corr
0.82	VAIPX	Vanguard Inflation	Pair Corr
0.9	VSCGX	Vanguard Lifestrategy	Pair Corr
0.9	VSCSX	Vanguard Short Term	Pair Corr
0.82	VASGX	Vanguard Lifestrategy	Pair Corr
0.93	VASIX	Vanguard Lifestrategy	Pair Corr
0.84	VSIGX	Vanguard Intermediate-ter	Pair Corr
0.86	VSMGX	Vanguard Lifestrategy	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.67	VSPVX	Vanguard Sp 500	Pair Corr
0.71	VSTSX	Vanguard Total Stock	Pair Corr

Moving against Vanguard Mutual Fund

0.41

VMIAX

Vanguard Materials Index

Pair Corr

Related Correlations Analysis

	FTIXX	XFINX	VFAIX	RMBLX	FNPIX	FIDAX	DVFYX
FTIXX		0.0	0.0	0.0	0.0	0.0	0.0	FTIXX
XFINX	0.0		0.22	0.29	0.2	0.29	0.28	XFINX
VFAIX	0.0	0.22		0.68	0.99	0.81	0.6	VFAIX
RMBLX	0.0	0.29	0.68		0.61	0.66	0.69	RMBLX
FNPIX	0.0	0.2	0.99	0.61		0.81	0.53	FNPIX
FIDAX	0.0	0.29	0.81	0.66	0.81		0.53	FIDAX
DVFYX	0.0	0.28	0.6	0.69	0.53	0.53		DVFYX
	FTIXX	XFINX	VFAIX	RMBLX	FNPIX	FIDAX	DVFYX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FNPIX	+ 0.99	VFAIX
FIDAX	+ 0.81	VFAIX
FIDAX	+ 0.81	FNPIX
DVFYX	+ 0.69	RMBLX
RMBLX	+ 0.68	VFAIX
FIDAX	+ 0.66	RMBLX

High negative correlations

DVFYX	- 0.0	FTIXX
FIDAX	- 0.0	FTIXX
FNPIX	- 0.0	FTIXX
RMBLX	- 0.0	FTIXX
VFAIX	- 0.0	FTIXX
XFINX	- 0.0	FTIXX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.14	0.00	(0.18)	0.00	0.24	(0.16)	0.29	(0.14)	1.44
VFAIX	0.67	(0.08)	0.00	(0.02)	0.00	0.00	1.28	(1.73)	4.59
RMBLX	0.95	(0.05)	(0.03)	0.02	1.34	(1.01)	2.70	(1.59)	7.69
FNPIX	0.96	(0.13)	0.00	(0.02)	0.00	0.00	1.66	(2.71)	6.62
FIDAX	0.69	(0.03)	0.00	(0.18)	0.00	0.00	1.36	(1.54)	5.59
DVFYX	0.63	(0.03)	(0.03)	0.03	0.88	(0.66)	1.41	(1.37)	3.98

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