Vanguard Developed Correlations

Mutual Funds . USA . 
Fund . Vanguard Developed Markets
VTMGX Fund  USD 18.39  0.02  0.11%   
The current 90-days correlation between Vanguard Developed and Dodge International Stock is -0.16 (i.e., Good diversification). The correlation of Vanguard Developed 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 Developed Correlation With Market

Very good diversification

The correlation between Vanguard Developed Markets and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Developed Markets 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 Developed Markets. 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 price.

Moving together with Vanguard Mutual Fund

  0.9VMIAX Vanguard Materials IndexPairCorr
  0.76VMLUX Vanguard Limited TermPairCorr
  0.75VMLTX Vanguard Limited TermPairCorr
  0.9VMNVX Vanguard Global MinimumPairCorr
  0.86VMMSX Vanguard Emerging MarketsPairCorr
  0.7VMNIX Vanguard Market NeutralPairCorr
  0.7VMNFX Vanguard Market NeutralPairCorr
  0.94VMSIX Vanguard Multi SectorPairCorr
  0.96VMVAX Vanguard Mid CapPairCorr
  0.96VMVIX Vanguard Mid CapPairCorr
  0.98VMVFX Vanguard Global MinimumPairCorr
  0.91VMVLX Vanguard Mega CapPairCorr
  1.0VPADX Vanguard Pacific StockPairCorr
  1.0VPACX Vanguard Pacific StockPairCorr
  0.96VPCCX Vanguard PrimecapPairCorr
  1.0VPKIX Vanguard Pacific StockPairCorr
  0.96VPMCX Vanguard PrimecapPairCorr
  0.96VPMAX Vanguard PrimecapPairCorr
  0.95NAESX Vanguard Small CapPairCorr
  0.97VQNPX Vanguard Growth AndPairCorr
  0.92VRTPX Vanguard Reit IiPairCorr
  0.95VADGX Vanguard Advice SelectPairCorr
  0.88VAGVX Vanguard Advice SelectPairCorr
  0.96VAIGX Vanguard Advice SelectPairCorr
  0.95VSCIX Vanguard Small CapPairCorr
  0.98VSCGX Vanguard LifestrategyPairCorr
  0.95VSCPX Vanguard Small CapPairCorr
  0.89VSCSX Vanguard Short TermPairCorr
  0.64VSBIX Vanguard Short TermPairCorr
  0.66VSBSX Vanguard Short TermPairCorr
  0.84VSEMX Vanguard Extended MarketPairCorr
  0.96VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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