Vanguard Global Correlations

VGRLX Fund  USD 24.35  0.20  0.81%   
The correlation of Vanguard Global is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Global Ex Us moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Poor diversification

The correlation between VANGUARD GLOBAL EX-US and NYA is 0.64 (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 NYA 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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
  
The ability to find closely correlated positions to Vanguard Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vanguard Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vanguard Global Ex Us to buy it.

Moving against Vanguard Mutual Fund

  0.61VMNVX Vanguard Global MinimumPairCorr
  0.61VMVFX Vanguard Global MinimumPairCorr
  0.46VMVLX Vanguard Mega CapPairCorr
  0.48VADGX Vanguard Advice SelectPairCorr
  0.43VQNPX Vanguard Growth AndPairCorr

Related Correlations Analysis

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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   
VMLTXVMLUX
VMVIXVMVAX
VMSIXVMLUX
VMSIXVMLTX
VMVAXVMIAX
VMVIXVMIAX
  
High negative correlations   
VMNFXVMLTX
VMNIXVMLTX
VMNFXVMLUX
VMNIXVMLUX
VMSIXVMMSX
VMMSXVMLTX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VMIAX  0.69 (0.07)(0.03) 0.09  0.87 
 1.54 
 4.32 
VMLUX  0.07  0.01 (1.10)(2.94) 0.00 
 0.19 
 0.56 
VMLTX  0.07  0.01 (1.10)(2.94) 0.00 
 0.19 
 0.56 
VMNVX  0.36 (0.01)(0.07) 0.13  0.78 
 0.83 
 4.67 
VMMSX  0.64  0.01 (0.14)(0.27) 0.98 
 1.07 
 4.67 
VMNIX  0.42 (0.04) 0.00 (0.16) 0.00 
 0.68 
 5.66 
VMNFX  0.42  0.03  0.00  0.05  0.00 
 0.67 
 5.64 
VMSIX  0.24  0.04 (0.33)(0.45) 0.15 
 0.57 
 1.80 
VMVAX  0.58 (0.04)(0.02) 0.11  0.67 
 1.41 
 4.65 
VMVIX  0.58 (0.04)(0.02) 0.11  0.70 
 1.43 
 4.61 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vanguard Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in Vanguard Global Ex Us?

The danger of trading Vanguard Global Ex Us is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Vanguard Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Vanguard Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanguard Global Ex-us is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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Please note, there is a significant difference between Vanguard Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.