Vanguard Balanced Correlations

VBIAX Fund

USD 49.98 0.21 0.42%

The current 90-days correlation between Vanguard Balanced Index and Vanguard Wellesley Income is 0.88 (i.e., Very poor 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

Almost no diversification

The correlation between Vanguard Balanced Index and DJI is 0.94 (i.e., Almost no 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

0.97	VMIAX	Vanguard Materials Index	Pair Corr
0.92	VMLUX	Vanguard Limited Term	Pair Corr
0.92	VMLTX	Vanguard Limited Term	Pair Corr
0.94	VMNVX	Vanguard Global Minimum	Pair Corr
0.98	VMMSX	Vanguard Emerging Markets	Pair Corr
0.86	VMNIX	Vanguard Market Neutral	Pair Corr
0.86	VMNFX	Vanguard Market Neutral	Pair Corr
0.96	VMSIX	Vanguard Multi Sector	Pair Corr
0.98	VMVAX	Vanguard Mid Cap	Pair Corr
0.98	VMVIX	Vanguard Mid Cap	Pair Corr
0.94	VMVFX	Vanguard Global Minimum	Pair Corr
0.98	VMVLX	Vanguard Mega Cap	Pair Corr
0.61	VOHIX	Vanguard Ohio Long	Pair Corr
0.96	VPADX	Vanguard Pacific Stock	Pair Corr
0.96	VPACX	Vanguard Pacific Stock	Pair Corr
0.99	VPCCX	Vanguard Primecap	Pair Corr
0.96	VPKIX	Vanguard Pacific Stock	Pair Corr
0.99	VPMCX	Vanguard Primecap	Pair Corr
0.99	VPMAX	Vanguard Primecap	Pair Corr
0.99	NAESX	Vanguard Small Cap	Pair Corr
1.0	VQNPX	Vanguard Growth And	Pair Corr
0.87	VRTPX	Vanguard Reit Ii	Pair Corr
0.98	VADGX	Vanguard Advice Select	Pair Corr
0.99	VAGVX	Vanguard Advice Select	Pair Corr
0.96	VAIGX	Vanguard Advice Select	Pair Corr
0.99	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCGX	Vanguard Lifestrategy	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.9	VSCSX	Vanguard Short Term	Pair Corr
0.69	VSBIX	Vanguard Short Term	Pair Corr
0.7	VSBSX	Vanguard Short Term	Pair Corr
0.99	VSEMX	Vanguard Extended Market	Pair Corr
0.99	VSEQX	Vanguard Strategic Equity	Pair Corr

Related Correlations Analysis

	VWIAX	VGHAX	VDIGX	MSTSX	VIASP	XTWO	OGEAX	KNG	KNF	AMPL
VWIAX		0.49	0.9	0.96	0.92	0.8	0.96	0.9	-0.49	-0.06	VWIAX
VGHAX	0.49		0.38	0.39	0.3	0.51	0.35	0.38	-0.24	0.33	VGHAX
VDIGX	0.9	0.38		0.96	0.9	0.5	0.97	0.95	-0.15	-0.08	VDIGX
MSTSX	0.96	0.39	0.96		0.96	0.66	0.99	0.95	-0.32	-0.12	MSTSX
VIASP	0.92	0.3	0.9	0.96		0.67	0.96	0.89	-0.33	-0.1	VIASP
XTWO	0.8	0.51	0.5	0.66	0.67		0.64	0.53	-0.73	0.09	XTWO
OGEAX	0.96	0.35	0.97	0.99	0.96	0.64		0.94	-0.32	-0.15	OGEAX
KNG	0.9	0.38	0.95	0.95	0.89	0.53	0.94		-0.16	-0.14	KNG
KNF	-0.49	-0.24	-0.15	-0.32	-0.33	-0.73	-0.32	-0.16		-0.07	KNF
AMPL	-0.06	0.33	-0.08	-0.12	-0.1	0.09	-0.15	-0.14	-0.07		AMPL
	VWIAX	VGHAX	VDIGX	MSTSX	VIASP	XTWO	OGEAX	KNG	KNF	AMPL

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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

OGEAX	+ 0.99	MSTSX
OGEAX	+ 0.97	VDIGX
MSTSX	+ 0.96	VWIAX
OGEAX	+ 0.96	VWIAX
MSTSX	+ 0.96	VDIGX
VIASP	+ 0.96	MSTSX

High negative correlations

KNF	- 0.73	XTWO
KNF	- 0.49	VWIAX
KNF	- 0.33	VIASP
KNF	- 0.32	OGEAX
KNF	- 0.32	MSTSX
KNF	- 0.24	VGHAX

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
VWIAX	0.36	0.01	(0.29)	0.27	0.29	(0.41)	0.80	(0.77)	3.83
VGHAX	1.02	(0.09)	(0.12)	0.10	1.30	(1.06)	1.92	(2.38)	7.19
VDIGX	0.77	(0.04)	(0.07)	0.19	0.70	(0.88)	1.75	(1.43)	9.63
MSTSX	0.69	0.08	0.04	0.33	0.47	(0.81)	1.87	(1.25)	10.06
VIASP	0.56	0.18	(0.09)	(7.79)	0.39	(0.69)	1.25	(0.86)	4.38
XTWO	0.09	0.01	(1.72)	(0.06)	0.06	(0.09)	0.18	(0.20)	0.47
OGEAX	0.90	0.07	0.08	0.30	0.78	(1.05)	2.04	(1.61)	12.99
KNG	0.75	(0.01)	(0.10)	0.22	0.64	(0.86)	1.54	(1.24)	7.05
KNF	2.25	(0.49)	0.00	(0.04)	0.00	0.00	4.58	(5.19)	19.80
AMPL	4.52	0.11	(0.05)	(0.02)	4.54	(7.48)	12.87	(9.37)	36.43

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