Vanguard Target Correlations

VFORX Fund

USD 47.89 0.09 0.19%

The current 90-days correlation between Vanguard Target Reti and Vanguard Target Retirement is 0.99 (i.e., No risk reduction). The correlation of Vanguard Target 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 Target Correlation With Market

Good diversification

The correlation between Vanguard Target Retirement and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Target Retirement 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 Target Retirement. 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 metropolitan statistical area.

Moving together with Vanguard Mutual Fund

0.88	AAGTX	American Funds 2040	Pair Corr
0.92	PDI	Pimco Dynamic Income	Pair Corr
0.97	FTCAX	Templeton Strained Bond	Pair Corr
0.62	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.65	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.63	CAT	Caterpillar	Pair Corr

Moving against Vanguard Mutual Fund

0.98	USPSX	Profunds Ultrashort	Pair Corr
0.95	UIPIX	Ultrashort Mid Cap	Pair Corr
0.88	USPIX	Profunds Ultrashort	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	VTHRX	VFIFX	VTTHX	VTWNX	VTIVX
VTHRX		1.0	1.0	1.0	1.0	VTHRX
VFIFX	1.0		1.0	0.99	1.0	VFIFX
VTTHX	1.0	1.0		0.99	1.0	VTTHX
VTWNX	1.0	0.99	0.99		0.99	VTWNX
VTIVX	1.0	1.0	1.0	0.99		VTIVX
	VTHRX	VFIFX	VTTHX	VTWNX	VTIVX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Target 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 Target'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VTHRX	0.30	0.14	(0.25)	(1.41)	(0.35)	0.86	(0.48)	2.23
VFIFX	0.42	0.21	(0.09)	(1.53)	(0.53)	1.24	(0.86)	3.26
VTTHX	0.33	0.16	(0.20)	(1.53)	(0.40)	0.99	(0.55)	2.49
VTWNX	0.20	0.09	(0.50)	(1.23)	(0.23)	0.50	(0.35)	1.49
VTIVX	0.39	0.19	(0.12)	(1.49)	(0.49)	1.14	(0.79)	3.02

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