Vanguard Intermediate Correlations

VWIUX Fund

USD 13.78 0.01 0.07%

The current 90-days correlation between Vanguard Intermediate and 1919 Financial Services is -0.13 (i.e., Good diversification). The correlation of Vanguard Intermediate 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Intermediate Term Tax Exempt. 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 housing.

Moving together with Vanguard Mutual Fund

0.78	VMLUX	Vanguard Limited Term	Pair Corr
0.78	VMLTX	Vanguard Limited Term	Pair Corr
0.73	VMNVX	Vanguard Global Minimum	Pair Corr
0.87	VMMSX	Vanguard Emerging Markets	Pair Corr
0.89	VMSIX	Vanguard Multi Sector	Pair Corr
0.73	VMVFX	Vanguard Global Minimum	Pair Corr
0.74	VMVLX	Vanguard Mega Cap	Pair Corr
1.0	VNJUX	Vanguard New Jersey	Pair Corr
1.0	VNJTX	Vanguard New Jersey	Pair Corr
0.99	VNYTX	Vanguard New York	Pair Corr
0.99	VNYUX	Vanguard New York	Pair Corr
0.99	VOHIX	Vanguard Ohio Long	Pair Corr
0.8	VPADX	Vanguard Pacific Stock	Pair Corr
0.8	VPACX	Vanguard Pacific Stock	Pair Corr
0.9	VPCCX	Vanguard Primecap	Pair Corr
1.0	VPALX	Vanguard Pennsylvania	Pair Corr
1.0	VPAIX	Vanguard Pennsylvania	Pair Corr
0.8	VPKIX	Vanguard Pacific Stock	Pair Corr
0.9	VPMCX	Vanguard Primecap	Pair Corr
0.9	VPMAX	Vanguard Primecap	Pair Corr
0.8	VQNPX	Vanguard Growth And	Pair Corr
0.83	VAGVX	Vanguard Advice Select	Pair Corr
0.63	VAIPX	Vanguard Inflation	Pair Corr
0.87	VSCGX	Vanguard Lifestrategy	Pair Corr
0.88	VSCSX	Vanguard Short Term	Pair Corr
0.89	VSBIX	Vanguard Short Term	Pair Corr
0.89	VSBSX	Vanguard Short Term	Pair Corr
0.8	VASGX	Vanguard Lifestrategy	Pair Corr

Moving against Vanguard Mutual Fund

0.62	VMIAX	Vanguard Materials Index	Pair Corr
0.37	VAIGX	Vanguard Advice Select	Pair Corr
0.58	VASVX	Vanguard Selected Value	Pair Corr

Related Correlations Analysis

	SBFAX	BTO	FIDCX	MSVIX	RMBLX	PSSRX	FTIXX	FIDAX
SBFAX		0.95	0.82	0.62	0.59	0.93	0.0	0.81	SBFAX
BTO	0.95		0.74	0.62	0.51	0.86	0.0	0.72	BTO
FIDCX	0.82	0.74		0.52	0.62	0.88	0.0	1.0	FIDCX
MSVIX	0.62	0.62	0.52		0.62	0.65	0.0	0.51	MSVIX
RMBLX	0.59	0.51	0.62	0.62		0.69	0.0	0.62	RMBLX
PSSRX	0.93	0.86	0.88	0.65	0.69		0.0	0.87	PSSRX
FTIXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FTIXX
FIDAX	0.81	0.72	1.0	0.51	0.62	0.87	0.0		FIDAX
	SBFAX	BTO	FIDCX	MSVIX	RMBLX	PSSRX	FTIXX	FIDAX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIDAX	+ 1.0	FIDCX
BTO	+ 0.95	SBFAX
PSSRX	+ 0.93	SBFAX
PSSRX	+ 0.88	FIDCX
FIDAX	+ 0.87	PSSRX
PSSRX	+ 0.86	BTO

High negative correlations

FIDAX	- 0.0	FTIXX
FTIXX	- 0.0	PSSRX
FTIXX	- 0.0	RMBLX
FTIXX	- 0.0	MSVIX
FTIXX	- 0.0	FIDCX
FTIXX	- 0.0	BTO

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Intermediate 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 Intermediate'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SBFAX	0.66	(0.13)	0.00	(0.06)	0.00	0.00	1.36	(1.77)	4.82
BTO	1.01	(0.15)	0.00	(0.06)	0.00	0.00	1.81	(2.33)	7.10
FIDCX	0.70	(0.03)	0.00	(0.23)	0.00	0.00	1.38	(1.55)	5.52
MSVIX	0.87	(0.06)	(0.04)	0.03	1.03	(0.98)	1.72	(1.56)	5.04
RMBLX	0.97	(0.02)	(0.01)	0.06	1.27	(1.07)	2.70	(1.59)	7.69
PSSRX	0.72	(0.11)	0.00	(0.02)	0.00	0.00	1.51	(1.74)	5.14
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIDAX	0.70	(0.03)	0.00	(0.21)	0.00	0.00	1.36	(1.54)	5.59

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