Vanguard Target Correlations

Mutual Funds . USA . 
Fund . Vanguard Target Retirement
VTWNX Fund  USD 28.39  0.09  0.32%   
The current 90-days correlation between Vanguard Target Reti and Vanguard Target Retirement is 0.98 (i.e., Almost no diversification). The correlation of Vanguard Target 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 Target Correlation With Market

Poor diversification

The correlation between Vanguard Target Retirement and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Target Retirement 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 Target Retirement. 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

  1.0FSNOX Fidelity Freedom 2020PairCorr
  0.99PARBX Trowe Price RetirementPairCorr
  1.0FFFDX Fidelity Freedom 2020PairCorr
  1.0FATKX Fidelity Freedom 2020PairCorr
  1.0AACTX American Funds 2020PairCorr
  1.0CCCTX American Funds 2020PairCorr
  1.0FAOTX American Funds 2020PairCorr
  0.98SMPSX Semiconductor UltrasectorPairCorr
  0.96TREMX T Rowe PricePairCorr
  0.98ONERX One Rock FundPairCorr
  0.96TTEEX T Rowe PricePairCorr
  0.98FIKGX Fidelity Advisor SemPairCorr
  0.98FELIX Fidelity Advisor SemPairCorr
  0.98FSELX Fidelity Select SemiPairCorr
  0.98FELAX Fidelity Advisor SemPairCorr
  0.98FELTX Fidelity Advisor SemPairCorr
  0.98ASTAX Strategic Allocation:PairCorr
  0.98BEMIX Brandes Emerging MarketsPairCorr
  0.96PFIOX Pfg Invesco ThematicPairCorr
  0.91HMDYX Hartford MidcapPairCorr
  0.95FTUTX TelecommunicationsPairCorr
  0.98RGAHX Growth FundPairCorr
  0.96AMIDX Amana Developing WorldPairCorr
  0.92CDIVX Copeland Risk ManagedPairCorr
  0.64HOIBX Homestead IntermediatePairCorr
  0.99GSHAX Goldman Sachs HighPairCorr
  0.87GSFSX Goldman Sachs ShortPairCorr
  0.92DVLRX Delaware Small CapPairCorr
  0.96HRIOX Manager Directed PorPairCorr
  0.72HJPIX Hennessy Japan Steady GrowthPairCorr
  0.99VHCOX Vanguard Capital OppPairCorr
  0.96WTMVX Westcore Global LargePairCorr
  0.98POAGX Primecap Odyssey AggPairCorr
  0.94LBAFX Legg Mason BwPairCorr
  0.97WSCJX Wells Fargo SmallPairCorr
  0.93KCLSX Knights Of UmbusPairCorr
  0.98HLDCX Hartford EmergingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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