VANGUARD SHORT-TERM Competition
| VFSIX Fund | USD 10.50 -0.01 -0.1% |
Correlation: VANGUARD SHORT-TERM vs Maryland Tax Overview
Almost no diversification
For the present investment horizon, the measured correlation between VFSIX and MDXBX stands at 0.97, or Almost no diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
Moving together with VANGUARD Mutual Fund
The mean reversion principle applied to VANGUARD SHORT-TERM's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
VANGUARD SHORT-TERM Competition Correlation Matrix
Correlation analysis between Vanguard Short Term Investment Grade and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
| 0.89 | 0.94 | 0.9 | 0.97 | MDMTX | ||
| 0.89 | 0.86 | 0.86 | 0.91 | DUTMX | ||
| 0.94 | 0.86 | 0.96 | 0.98 | BBINX | ||
| 0.9 | 0.86 | 0.96 | 0.95 | GLDYX | ||
| 0.97 | 0.91 | 0.98 | 0.95 | MDXBX | ||
Risk-Adjusted Indicators
There is a big difference between VANGUARD Mutual Fund performing well and VANGUARD SHORT-TERM 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 SHORT-TERM'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDMTX | 0.08 | 0.01 | 0.08 | -3.81 | 0.00 | 0.19 | 0.96 | |||
| DUTMX | 0.22 | 0.01 | 0.06 | -3.36 | 0.24 | 0.41 | 1.33 | |||
| BBINX | 0.07 | 0.01 | 0.11 | 0.83 | 0.00 | 0.19 | 0.76 | |||
| GLDYX | 0.05 | 0.00 | 0.15 | -0.10 | 0.00 | 0.08 | 0.38 | |||
| MDXBX | 0.09 | 0.01 | 0.10 | 0.74 | 0.00 | 0.20 | 0.99 |
VANGUARD SHORT-TERM Competitive Analysis
Investors who closely follow VANGUARD SHORT-TERM should also examine its competitive environment to provide context for its financials. VANGUARD SHORT-TERM's performance relative to peers often reveals whether its results are driven by company-specific factors or broader industry trends.| Better Than Average | Worse Than Peers | View Performance Chart |
VANGUARD SHORT-TERM Peer Performance Charts
How to Analyze VANGUARD SHORT-TERM Against Peers
VANGUARD SHORT-TERM's peer analysis compares VANGUARD SHORT-TERM 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 VANGUARD SHORT-TERM 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 VANGUARD SHORT-TERM leads or lags and what catalysts could close or widen the gap.