Vanguard Financials Correlations

Mutual Funds . USA . 
Fund . Vanguard Financials Index
VFAIX Fund  USD 60.64  1.30  2.10%   
The current 90-days correlation between Vanguard Financials Index and Vanguard Industrials Index is 0.96 (i.e., Almost no diversification). The correlation of Vanguard Financials 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 Financials Correlation With Market

Good diversification

The correlation between Vanguard Financials Index and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Financials 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 Financials 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 gross domestic product.

Moving together with Vanguard Mutual Fund

  0.96VMIAX Vanguard Materials IndexPairCorr
  0.65VMLUX Vanguard Limited TermPairCorr
  0.63VMLTX Vanguard Limited TermPairCorr
  0.93VMNVX Vanguard Global MinimumPairCorr
  0.95VMMSX Vanguard Emerging MarketsPairCorr
  0.68VMNIX Vanguard Market NeutralPairCorr
  0.69VMNFX Vanguard Market NeutralPairCorr
  0.8VMSIX Vanguard Multi SectorPairCorr
  0.97VMVAX Vanguard Mid CapPairCorr
  0.97VMVIX Vanguard Mid CapPairCorr
  0.93VMVFX Vanguard Global MinimumPairCorr
  0.75VMVLX Vanguard Mega CapPairCorr
  0.89VPADX Vanguard Pacific StockPairCorr
  0.89VPACX Vanguard Pacific StockPairCorr
  0.95VPCCX Vanguard PrimecapPairCorr
  0.89VPKIX Vanguard Pacific StockPairCorr
  0.94VPMCX Vanguard PrimecapPairCorr
  0.94VPMAX Vanguard PrimecapPairCorr
  0.98NAESX Vanguard Small CapPairCorr
  0.96VQNPX Vanguard Growth AndPairCorr
  0.84VRTPX Vanguard Reit IiPairCorr
  0.97VAGVX Vanguard Advice SelectPairCorr
  0.87VAIGX Vanguard Advice SelectPairCorr
  0.98VSCIX Vanguard Small CapPairCorr
  0.94VSCGX Vanguard LifestrategyPairCorr
  0.98VSCPX Vanguard Small CapPairCorr
  0.62VSCSX Vanguard Short TermPairCorr
  0.98VSEMX Vanguard Extended MarketPairCorr
  0.99VSEQX Vanguard Strategic EquityPairCorr
  0.96VASGX Vanguard LifestrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Financials 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 Financials' 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.

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