Vanguard Balanced Correlations

VBIAX Fund

USD 52.85 0.30 0.56%

The current 90-days correlation between Vanguard Balanced Index and Vanguard Balanced Index is 0.96 (i.e., Almost no diversification). The correlation of Vanguard Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Vanguard Balanced Index and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Balanced Index 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 Balanced Index. 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 nation.

Moving together with Vanguard Mutual Fund

0.68	VMNVX	Vanguard Global Minimum	Pair Corr
0.87	VMMSX	Vanguard Emerging Markets	Pair Corr
0.8	VMSIX	Vanguard Multi Sector	Pair Corr
0.65	VMVAX	Vanguard Mid Cap	Pair Corr
0.7	VMVIX	Vanguard Mid Cap	Pair Corr
0.68	VMVFX	Vanguard Global Minimum	Pair Corr
0.64	VMVLX	Vanguard Mega Cap	Pair Corr
0.89	VPADX	Vanguard Pacific Stock	Pair Corr
0.89	VPACX	Vanguard Pacific Stock	Pair Corr
0.64	VPCCX	Vanguard Primecap	Pair Corr
0.89	VPKIX	Vanguard Pacific Stock	Pair Corr
0.62	VPMCX	Vanguard Primecap	Pair Corr
0.62	VPMAX	Vanguard Primecap	Pair Corr
0.74	NAESX	Vanguard Small Cap	Pair Corr
0.64	VQNPX	Vanguard Growth And	Pair Corr
0.69	VADGX	Vanguard Advice Select	Pair Corr
0.8	VAGVX	Vanguard Advice Select	Pair Corr
0.74	VSCIX	Vanguard Small Cap	Pair Corr
0.97	VSCGX	Vanguard Lifestrategy	Pair Corr
0.74	VSCPX	Vanguard Small Cap	Pair Corr
0.61	VSEQX	Vanguard Strategic Equity	Pair Corr
0.98	VASGX	Vanguard Lifestrategy	Pair Corr

Related Correlations Analysis

	VBAIX	VLCAX	VBR	VV	SCHX	VNQ	IWD	VWNAX	QQQM	VEIRX
VBAIX		0.98	0.43	0.98	0.98	0.15	0.84	0.67	0.93	0.62	VBAIX
VLCAX	0.98		0.36	1.0	1.0	0.09	0.8	0.68	0.96	0.57	VLCAX
VBR	0.43	0.36		0.36	0.38	0.18	0.67	0.37	0.18	0.76	VBR
VV	0.98	1.0	0.36		1.0	0.09	0.79	0.68	0.96	0.56	VV
SCHX	0.98	1.0	0.38	1.0		0.11	0.79	0.67	0.96	0.57	SCHX
VNQ	0.15	0.09	0.18	0.09	0.11		0.08	0.14	0.04	-0.02	VNQ
IWD	0.84	0.8	0.67	0.79	0.79	0.08		0.6	0.61	0.88	IWD
VWNAX	0.67	0.68	0.37	0.68	0.67	0.14	0.6		0.63	0.6	VWNAX
QQQM	0.93	0.96	0.18	0.96	0.96	0.04	0.61	0.63		0.36	QQQM
VEIRX	0.62	0.57	0.76	0.56	0.57	-0.02	0.88	0.6	0.36		VEIRX
	VBAIX	VLCAX	VBR	VV	SCHX	VNQ	IWD	VWNAX	QQQM	VEIRX

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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

VV	+ 1.0	VLCAX
SCHX	+ 1.0	VLCAX
SCHX	+ 1.0	VV
VLCAX	+ 0.98	VBAIX
VV	+ 0.98	VBAIX
SCHX	+ 0.98	VBAIX

High negative correlations

VEIRX

- 0.02

VNQ

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Balanced 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 Balanced'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
VBAIX	0.37	(0.01)	(0.06)	0.04	0.52	(0.34)	0.74	(0.78)	2.22
VLCAX	0.58	(0.02)	(0.02)	0.04	0.85	(0.54)	1.25	(1.20)	3.28
VBR	0.73	0.04	(0.02)	(1.55)	0.96	(0.73)	1.72	(1.42)	3.97
VV	0.59	(0.01)	(0.02)	0.04	0.87	(0.54)	1.24	(1.22)	3.32
SCHX	0.60	(0.02)	(0.02)	0.03	0.90	(0.55)	1.16	(1.14)	3.40
VNQ	0.60	(0.07)	0.00	(0.07)	0.00	0.00	1.12	(1.23)	4.03
IWD	0.53	0.00	(0.01)	0.06	0.65	(0.55)	1.07	(1.06)	2.93
VWNAX	0.73	(0.16)	0.00	(0.09)	0.00	0.00	1.29	(1.18)	11.73
QQQM	0.83	(0.01)	(0.01)	0.04	1.24	(0.80)	1.80	(2.03)	4.63
VEIRX	0.53	0.01	0.00	0.07	0.59	(0.58)	1.23	(1.01)	2.82

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