Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,193   1.45  0.01% 


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Correlation analysis between Vanguard and Fidelity  

    
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Vanguard InflationProtected Secs Adm and Fidelity Advisor InflProt Bond B. You can compare the effects of market volatilities on Vanguard and Fidelity and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Vanguard with a short position of Fidelity. Please also check ongoing floating volatility patterns of Vanguard and Fidelity.
 Vanguard InflationProtected Se  vs   Fidelity Advisor InflProt Bond
Daily Returns (%)
VAIPX   FBIPX   
Benchmark  Embed   Timeline 
Assuming 30 trading days horizon, Vanguard InflationProtected Secs Adm is expected to generate 1.02 times more return on investment than Fidelity. However, Vanguard is 1.02 times more volatile than Fidelity Advisor InflProt Bond B. It trades about 0.23 of its potential returns per unit of risk. Fidelity Advisor InflProt Bond B is currently generating about 0.21 per unit of risk. If you would invest  2,611  in Vanguard InflationProtected Secs Adm on March 28, 2015 and sell it today you would earn a total of  40.00  from holding Vanguard InflationProtected Secs Adm or generate 1.53% return on investment over 30 days.

Correlation Coefficient

0.99

Parameters

Time Period1 Month [change]
DirectionPositive FBIPX Moved Up vs VAIPX
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

No risk reduction

Overlapping area represents amount of risk that can be diversified away by holding Vanguard InflationProtected Se and Fidelity Advisor InflProt Bond in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Vanguard InflationPr

  
Compared with the overall equity markets, risk-adjusted returns on investments in Vanguard InflationProtected Secs Adm are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Vanguard

Vanguard InflationProtected Secs Inv vs. Vanguard InflationProtected Secs Adm
Vanguard InflationProtected Secs I vs. Vanguard InflationProtected Secs Adm
PIMCO Real Return B vs. Vanguard InflationProtected Secs Adm
PIMCO Real Return D vs. Vanguard InflationProtected Secs Adm
PIMCO Real Return A vs. Vanguard InflationProtected Secs Adm
PIMCO Real Return R vs. Vanguard InflationProtected Secs Adm
PIMCO Real Return Admin vs. Vanguard InflationProtected Secs Adm
PIMCO Real Return Instl vs. Vanguard InflationProtected Secs Adm
PIMCO Real Return P vs. Vanguard InflationProtected Secs Adm
  

Fidelity Advisor Inf

  
Compared with the overall equity markets, risk-adjusted returns on investments in Fidelity Advisor InflProt Bond B are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Fidelity

Vanguard InflationProtected Secs Inv vs. Fidelity Advisor InflProt Bond B
Vanguard InflationProtected Secs Adm vs. Fidelity Advisor InflProt Bond B
Vanguard InflationProtected Secs I vs. Fidelity Advisor InflProt Bond B
PIMCO Real Return B vs. Fidelity Advisor InflProt Bond B
PIMCO Real Return D vs. Fidelity Advisor InflProt Bond B
PIMCO Real Return A vs. Fidelity Advisor InflProt Bond B
PIMCO Real Return R vs. Fidelity Advisor InflProt Bond B
PIMCO Real Return Admin vs. Fidelity Advisor InflProt Bond B
PIMCO Real Return Instl vs. Fidelity Advisor InflProt Bond B
PIMCO Real Return P vs. Fidelity Advisor InflProt Bond B