Vanguard European Correlations

Mutual Funds . USA . 
Fund . Vanguard European Stock
VEUSX Fund  USD 98.19  0.43  0.44%   
The current 90-days correlation between Vanguard European Stock and Vanguard Materials Index is 0.72 (i.e., Poor diversification). The correlation of Vanguard European 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 European Correlation With Market

Poor diversification

The correlation between Vanguard European Stock and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard European Stock 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 European Stock. 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 main economic indicators.

Moving together with VANGUARD Mutual Fund

  0.89VMIAX Vanguard Materials IndexPairCorr
  0.61VMLTX Vanguard Limited TermPairCorr
  0.85VMNVX Vanguard Global MinimumPairCorr
  0.78VMMSX Vanguard Emerging MarketsPairCorr
  0.66VMSIX Vanguard Multi SectorPairCorr
  0.81VMVAX Vanguard Mid CapPairCorr
  0.81VMVIX Vanguard Mid CapPairCorr
  0.85VMVFX Vanguard Global MinimumPairCorr
  0.84VMVLX Vanguard Mega CapPairCorr
  0.76VPADX Vanguard Pacific StockPairCorr
  0.76VPACX Vanguard Pacific StockPairCorr
  0.8VPCCX Vanguard PrimecapPairCorr
  0.76VPKIX Vanguard Pacific StockPairCorr
  0.81VPMCX Vanguard PrimecapPairCorr
  0.81VPMAX Vanguard PrimecapPairCorr
  0.79NAESX Vanguard Small CapPairCorr
  0.72VQNPX Vanguard Growth AndPairCorr
  0.61VRTPX Vanguard Reit IiPairCorr
  0.85VADGX Vanguard Advice SelectPairCorr
  0.87VAGVX Vanguard Advice SelectPairCorr
  0.83VAIGX Vanguard Advice SelectPairCorr
  0.79VSCIX Vanguard Small CapPairCorr
  0.76VSCGX Vanguard LifestrategyPairCorr
  0.79VSCPX Vanguard Small CapPairCorr
  0.62VSCSX Vanguard Short TermPairCorr
  0.76VSEQX Vanguard Strategic EquityPairCorr
  0.8VASGX Vanguard LifestrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between VANGUARD Mutual Fund performing well and Vanguard European 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 European'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMIAX  0.75  0.02  0.02  0.11  0.77 
(0.76)
 1.57 
(1.39)
 4.20 
VMLUX  0.06  0.03 (0.66)(1.18) 0.00 
(0.14)
 0.18 
(0.09)
 0.46 
VMLTX  0.06  0.03 (0.66)(1.49) 0.00 
(0.14)
 0.18 
(0.09)
 0.46 
VMNVX  0.31 (0.02)(0.18) 0.05  0.30 
(0.35)
 0.72 
(0.64)
 1.68 
VMMSX  0.54  0.10  0.10  0.26  0.35 
(0.63)
 1.43 
(0.92)
 3.56 
VMNIX  0.38  0.01 (0.15) 0.16  0.44 
(0.41)
 0.88 
(0.81)
 2.00 
VMNFX  0.38  0.01 (0.15) 0.15  0.44 
(0.41)
 0.88 
(0.81)
 1.92 
VMSIX  0.12  0.04 (0.29) 0.63  0.00 
(0.18)
 0.22 
(0.22)
 0.67 
VMVAX  0.55  0.01  0.00  0.11  0.49 
(0.60)
 1.27 
(0.89)
 2.81 
VMVIX  0.55  0.01  0.00  0.11  0.50 
(0.61)
 1.28 
(0.90)
 2.83 

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