Vanguard Energy Correlations

Mutual Funds . USA . 
Fund . Vanguard Energy Fund
VGENX Fund  USD 52.58  0.09  0.17%   
The current 90-days correlation between Vanguard Energy and Vanguard Health Care is 0.15 (i.e., Average diversification). The correlation of Vanguard Energy 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 Energy Correlation With Market

Weak diversification

The correlation between Vanguard Energy Fund and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Energy Fund 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 Energy Fund. 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 board of governors.

Moving together with Vanguard Mutual Fund

  0.68VMIAX Vanguard Materials IndexPairCorr
  0.71VMNVX Vanguard Global MinimumPairCorr
  0.82VMVAX Vanguard Mid CapPairCorr
  0.82VMVIX Vanguard Mid CapPairCorr
  0.71VMVFX Vanguard Global MinimumPairCorr
  0.84VMVLX Vanguard Mega CapPairCorr
  0.61VPCCX Vanguard PrimecapPairCorr
  0.61VPMCX Vanguard PrimecapPairCorr
  0.61VPMAX Vanguard PrimecapPairCorr
  0.77NAESX Vanguard Small CapPairCorr
  0.74VQNPX Vanguard Growth AndPairCorr
  0.8VAGVX Vanguard Advice SelectPairCorr
  0.65VAIGX Vanguard Advice SelectPairCorr
  0.77VSCIX Vanguard Small CapPairCorr
  0.74VSCPX Vanguard Small CapPairCorr
  0.74VSEMX Vanguard Extended MarketPairCorr
  0.78VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.31VAIPX Vanguard Inflation-protecPairCorr
  0.49VSIGX Vanguard Intermediate-terPairCorr
  0.35VSGDX Vanguard Short TermPairCorr
  0.35VSGBX Vanguard Short TermPairCorr

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   
VEMAX
+ 0.87
VGPMX
VEMAX
+ 0.34
VENAX
VENAX
+ 0.22
VGPMX
  
High negative correlations   
VENAX
- 0.76
VGHAX
VEMAX
- 0.26
VGHAX
VGPMX
- 0.1
VGHAX

Risk-Adjusted Indicators

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