ASSET ALLOCATION Competition
| VCAAX Fund | USD 11.25 -0.13 -1.14% |
ASSET ALLOCATION and VANGUARD INTERMEDIATE-TER Correlation View
Significant diversification
The correlation between VCAAX and VIIGX is 0.04, which Macroaxis classifies as Significant diversification for the selected horizon. Used correctly, the chart supports evaluation of whether adding the second position genuinely diversifies the first.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASSET ALLOCATION's price to converge to an average value over time is called mean reversion.
ASSET ALLOCATION Competition Correlation Matrix
Competition correlation for Asset Allocation Fund matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ASSET Mutual Fund performing well and ASSET ALLOCATION 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 ASSET ALLOCATION'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIPXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PYUSX | 0.09 | -0.01 | 0.56 | 0.61 | 0.09 | 0.21 | 0.84 | |||
| FISAX | 0.05 | 0.00 | 0.68 | 0.94 | 0.00 | 0.13 | 0.53 | |||
| DWGXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DPIGX | 0.08 | -0.01 | 0.00 | -1.26 | 0.00 | 0.21 | 0.73 | |||
| PGVZX | 0.17 | -0.01 | 0.00 | -0.21 | 0.00 | 0.38 | 1.00 | |||
| FICMX | 0.17 | 0.00 | 0.31 | -0.14 | 0.23 | 0.43 | 0.98 | |||
| VIIGX | 0.15 | -0.01 | 0.00 | -1.06 | 0.00 | 0.32 | 0.95 |
ASSET ALLOCATION Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
ASSET ALLOCATION Competition Peer Performance Charts
How to Analyze ASSET ALLOCATION Against Peers
ASSET ALLOCATION's peer analysis compares ASSET ALLOCATION with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether ASSET ALLOCATION trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where ASSET ALLOCATION leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Peer analysis for ASSET ALLOCATION uses the most recent available fundamentals rather than static annual comparisons, improving relevance as conditions evolve. EPS growth trajectory comparison for ASSET ALLOCATION versus peers focuses on structural earnings expansion rather than single-quarter surprises. Income sustainability for ASSET ALLOCATION looks different when placed in context against peer group payout and retention trends. Relative comparison helps show where ASSET ALLOCATION is stronger or weaker against peers.
Unless otherwise specified, data for Asset Allocation Fund is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.