Vanguard Long Correlations

Mutual Funds . USA . 
Fund . Vanguard Long Term Investment Grade
VWESX Fund  USD 7.47  0.01  0.13%   
The current 90-days correlation between Vanguard Long Term and Vanguard Long Term Treasury is 0.04 (i.e., Significant diversification). The correlation of Vanguard Long 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 Long Correlation With Market

Very weak diversification

The correlation between Vanguard Long Term Investment and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Long Term Investment 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 Long Term Investment Grade. 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 state.

Moving together with Vanguard Mutual Fund

  0.66VMLUX Vanguard Limited TermPairCorr
  0.67VMLTX Vanguard Limited TermPairCorr
  0.62VMMSX Vanguard Emerging MarketsPairCorr
  0.74VMSIX Vanguard Multi SectorPairCorr
  0.69VMVLX Vanguard Mega CapPairCorr
  0.64VPADX Vanguard Pacific StockPairCorr
  0.67VPACX Vanguard Pacific StockPairCorr
  0.67VPCCX Vanguard PrimecapPairCorr
  0.66VPKIX Vanguard Pacific StockPairCorr
  0.62VPMCX Vanguard PrimecapPairCorr
  0.66VPMAX Vanguard PrimecapPairCorr
  0.65VAIPX Vanguard Inflation-protecPairCorr
  0.65VSCGX Vanguard LifestrategyPairCorr
  0.79VSCSX Vanguard Short TermPairCorr
  0.88VSBIX Vanguard Short TermPairCorr
  0.84VSBSX Vanguard Short TermPairCorr
  0.61VSEMX Vanguard Extended MarketPairCorr

Related Correlations Analysis

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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   
VFSTX
+ 0.98
VFICX
VFSTX
+ 0.95
VWEHX
VWEHX
+ 0.92
VFICX
VFITX
+ 0.8
VFICX
VFITX
+ 0.75
VUSTX
VFITX
+ 0.75
VFSTX
  
High negative correlations   
VWEHX
- 0.02
VUSTX

Risk-Adjusted Indicators

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