Vanguard Developed Correlations

VTMNX Fund

USD 18.28 0.11 0.61%

The current 90-days correlation between Vanguard Developed and Us Government Securities is -0.1 (i.e., Good diversification). The correlation of Vanguard Developed 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 Developed Correlation With Market

Good diversification

The correlation between Vanguard Developed Markets and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Developed Markets 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 Developed Markets. 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

0.89	VMIAX	Vanguard Materials Index	Pair Corr
0.81	VMLUX	Vanguard Limited Term	Pair Corr
0.8	VMLTX	Vanguard Limited Term	Pair Corr
0.92	VMNVX	Vanguard Global Minimum	Pair Corr
0.95	VMMSX	Vanguard Emerging Markets	Pair Corr
0.83	VMNIX	Vanguard Market Neutral	Pair Corr
0.83	VMNFX	Vanguard Market Neutral	Pair Corr
0.86	VMVAX	Vanguard Mid Cap	Pair Corr
0.86	VMVIX	Vanguard Mid Cap	Pair Corr
0.92	VMVFX	Vanguard Global Minimum	Pair Corr
0.79	VMVLX	Vanguard Mega Cap	Pair Corr
0.96	VPADX	Vanguard Pacific Stock	Pair Corr
0.96	VPACX	Vanguard Pacific Stock	Pair Corr
0.96	VPKIX	Vanguard Pacific Stock	Pair Corr
0.9	VPMCX	Vanguard Primecap	Pair Corr
0.88	NAESX	Vanguard Small Cap	Pair Corr
0.75	VRTPX	Vanguard Reit Ii	Pair Corr
0.91	VADGX	Vanguard Advice Select	Pair Corr
0.97	VAIGX	Vanguard Advice Select	Pair Corr
0.88	VSCIX	Vanguard Small Cap	Pair Corr
0.95	VSCGX	Vanguard Lifestrategy	Pair Corr
0.88	VSCPX	Vanguard Small Cap	Pair Corr
0.86	VSCSX	Vanguard Short Term	Pair Corr
0.94	VSEMX	Vanguard Extended Market	Pair Corr
0.9	VSGAX	Vanguard Small Cap	Pair Corr
0.9	VSGIX	Vanguard Small Cap	Pair Corr
0.86	VSIIX	Vanguard Small Cap	Pair Corr
0.88	VSMAX	Vanguard Small Cap	Pair Corr
0.97	VSMGX	Vanguard Lifestrategy	Pair Corr

Related Correlations Analysis

	CGTCX	SNCAX	FCSCX	GABTX	ICAXX	USGFX	GCMVX
CGTCX		0.31	0.53	-0.04	0.0	0.99	0.29	CGTCX
SNCAX	0.31		0.33	0.7	0.0	0.36	0.93	SNCAX
FCSCX	0.53	0.33		0.49	0.0	0.63	0.58	FCSCX
GABTX	-0.04	0.7	0.49		0.0	0.06	0.81	GABTX
ICAXX	0.0	0.0	0.0	0.0		0.0	0.0	ICAXX
USGFX	0.99	0.36	0.63	0.06	0.0		0.38	USGFX
GCMVX	0.29	0.93	0.58	0.81	0.0	0.38		GCMVX
	CGTCX	SNCAX	FCSCX	GABTX	ICAXX	USGFX	GCMVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

USGFX	+ 0.99	CGTCX
GCMVX	+ 0.93	SNCAX
GCMVX	+ 0.81	GABTX
GABTX	+ 0.7	SNCAX
USGFX	+ 0.63	FCSCX
GCMVX	+ 0.58	FCSCX

High negative correlations

GABTX	- 0.04	CGTCX
GCMVX	- 0.0	ICAXX
USGFX	- 0.0	ICAXX
ICAXX	- 0.0	GABTX
ICAXX	- 0.0	FCSCX
ICAXX	- 0.0	SNCAX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Developed 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 Developed'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
CGTCX	0.32	0.01	(0.11)	(0.42)	0.37	(0.35)	0.60	(0.67)	1.85
SNCAX	0.18	0.00	(0.12)	0.08	0.36	(0.18)	0.36	(0.81)	2.01
FCSCX	0.07	0.01	(0.39)	5.64	0.00	(0.19)	0.13	(0.13)	0.53
GABTX	0.77	0.08	0.01	2.41	1.30	(0.74)	1.59	(1.62)	5.71
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USGFX	0.31	0.02	(0.10)	(0.59)	0.34	(0.34)	0.59	(0.59)	1.83
GCMVX	0.16	0.01	(0.12)	(0.11)	0.27	(0.19)	0.41	(0.71)	1.74

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC