Vanguard Global Correlations

Mutual Funds . USA . 
Fund . Vanguard Global Ex Us
VGRLX Fund  USD 27.14  0.16  0.59%   
The current 90-days correlation between Vanguard Global Ex and Victory Select Fund is 0.03 (i.e., Significant diversification). The correlation of Vanguard Global 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 Global Correlation With Market

Poor diversification

The correlation between Vanguard Global Ex Us and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Ex Us 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 Global Ex Us. 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 bureau of economic analysis.

Moving together with Vanguard Mutual Fund

  0.78VMIAX Vanguard Materials IndexPairCorr
  0.7VMLUX Vanguard Limited TermPairCorr
  0.7VMLTX Vanguard Limited TermPairCorr
  0.87VMNVX Vanguard Global MinimumPairCorr
  0.7VMNIX Vanguard Market NeutralPairCorr
  0.74VMNFX Vanguard Market NeutralPairCorr
  0.84VMSIX Vanguard Multi SectorPairCorr
  0.92VMVAX Vanguard Mid CapPairCorr
  0.92VMVIX Vanguard Mid CapPairCorr
  0.83VMVFX Vanguard Global MinimumPairCorr
  0.86VMVLX Vanguard Mega CapPairCorr
  0.67VPADX Vanguard Pacific StockPairCorr
  0.66VPACX Vanguard Pacific StockPairCorr
  0.67VPKIX Vanguard Pacific StockPairCorr
  0.81NAESX Vanguard Small CapPairCorr
  0.85VRTPX Vanguard Reit IiPairCorr
  0.88VADGX Vanguard Advice SelectPairCorr
  0.9VAGVX Vanguard Advice SelectPairCorr
  0.77VAIPX Vanguard Inflation-protecPairCorr
  0.74VSCIX Vanguard Small CapPairCorr
  0.85VSCGX Vanguard LifestrategyPairCorr
  0.81VSCPX Vanguard Small CapPairCorr
  0.79VSCSX Vanguard Short TermPairCorr
  0.74VSBIX Vanguard Short TermPairCorr
  0.74VSBSX Vanguard Short TermPairCorr
  0.77VSEMX Vanguard Extended MarketPairCorr
  0.82VSEQX 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 Global 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 Global'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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