Vanguard Industrials Correlations

VINAX Fund

USD 138.72 0.09 0.06%

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

Almost no diversification

The correlation between Vanguard Industrials Index and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Industrials 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 Industrials 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

0.96	J	Jacobs Solutions Sell-off Trend	Pair Corr
0.89	R	Ryder System	Pair Corr
0.97	AL	Air Lease	Pair Corr
0.87	AP	Ampco Pittsburgh	Pair Corr
0.82	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.96	BA	Boeing	Pair Corr
0.72	BR	Broadridge Financial	Pair Corr
0.9	BV	BrightView Holdings	Pair Corr
0.8	BW	Babcock Wilcox Enter	Pair Corr
0.9	CP	Canadian Pacific Railway	Pair Corr
0.96	CR	Crane Company	Pair Corr
0.92	CW	Curtiss Wright	Pair Corr
0.98	DE	Deere Company	Pair Corr
0.89	DY	Dycom Industries	Pair Corr
0.9	FA	First Advantage Corp	Pair Corr
0.67	GD	General Dynamics	Pair Corr
0.97	GE	GE Aerospace	Pair Corr
0.9	IR	Ingersoll Rand	Pair Corr
0.75	LZ	LegalZoom	Pair Corr
0.97	PH	Parker Hannifin	Pair Corr
0.71	PL	Planet Labs PBC	Pair Corr
0.83	SB	Safe Bulkers	Pair Corr
0.86	ST	Sensata Technologies	Pair Corr
0.95	TG	Tredegar	Pair Corr

Moving against Vanguard Mutual Fund

0.67	MG	Mistras Group	Pair Corr
0.64	G	Genpact Limited	Pair Corr
0.75	CODI-PB	Compass Diversified	Pair Corr
0.75	CODI-PC	Compass Diversified	Pair Corr
0.74	CODI-PA	Compass Diversified	Pair Corr
0.44	YHNAR	YHN Acquisition I	Pair Corr
0.31	NL	NL Industries	Pair Corr

Related Correlations Analysis

	VFAIX	VCDAX	VTCAX	VMIAX	VCSAX
VFAIX		0.95	0.93	0.96	0.56	VFAIX
VCDAX	0.95		0.96	0.88	0.56	VCDAX
VTCAX	0.93	0.96		0.91	0.49	VTCAX
VMIAX	0.96	0.88	0.91		0.51	VMIAX
VCSAX	0.56	0.56	0.49	0.51		VCSAX
	VFAIX	VCDAX	VTCAX	VMIAX	VCSAX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Industrials 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 Industrials' 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
VFAIX	1.09	0.04	0.02	0.06	1.85	(1.10)	2.15	(2.25)	11.17
VCDAX	1.51	0.13	0.06	0.13	1.86	(1.63)	3.20	(3.06)	15.13
VTCAX	1.19	0.11	0.06	0.13	1.64	(1.26)	2.06	(3.12)	13.44
VMIAX	1.13	(0.02)	(0.01)	0.00	1.78	(1.11)	2.26	(2.94)	12.22
VCSAX	0.78	0.03	0.01	0.08	1.01	(0.88)	1.64	(1.20)	5.77

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