Vanguard International Correlations

VINEX Fund

USD 17.56 0.03 0.17%

The current 90-days correlation between Vanguard International and Oppenheimer Intl Small is 0.94 (i.e., Almost no diversification). The correlation of Vanguard International 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 International Correlation With Market

Very weak diversification

The correlation between Vanguard International Explore and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard International Explore 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 International Explorer. 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 income.

Moving together with Vanguard Mutual Fund

0.72	VMNIX	Vanguard Market Neutral	Pair Corr
0.71	VMNFX	Vanguard Market Neutral	Pair Corr
0.93	VPADX	Vanguard Pacific Stock	Pair Corr
0.93	VPACX	Vanguard Pacific Stock	Pair Corr
0.93	VPKIX	Vanguard Pacific Stock	Pair Corr
0.85	VAIPX	Vanguard Inflation-protec	Pair Corr
0.7	VSCSX	Vanguard Short Term	Pair Corr
0.69	VSBIX	Vanguard Short Term	Pair Corr
0.67	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.49	VMVAX	Vanguard Mid Cap	Pair Corr
0.49	VMVIX	Vanguard Mid Cap	Pair Corr
0.43	VMVLX	Vanguard Mega Cap	Pair Corr
0.58	NAESX	Vanguard Small Cap	Pair Corr
0.58	VSCIX	Vanguard Small Cap	Pair Corr
0.53	VQNPX	Vanguard Growth And	Pair Corr
0.64	VSEMX	Vanguard Extended Market	Pair Corr
0.61	VSGAX	Vanguard Small Cap	Pair Corr
0.61	VSGIX	Vanguard Small Cap	Pair Corr
0.58	VSCPX	Vanguard Small Cap	Pair Corr
0.58	VSMAX	Vanguard Small Cap	Pair Corr
0.55	VSIAX	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	OSCIX	OSMNX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP
OSCIX		1.0	0.57	0.0	-0.16	-0.08	0.34	-0.27	0.71	-0.75	OSCIX
OSMNX	1.0		0.57	0.0	-0.16	-0.09	0.33	-0.27	0.71	-0.75	OSMNX
444859BR2	0.57	0.57		0.0	0.3	-0.5	-0.06	-0.55	0.5	-0.45	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.16	-0.16	0.3	0.0		-0.44	-0.34	-0.33	-0.07	0.12	BRRAY
MSTSX	-0.08	-0.09	-0.5	0.0	-0.44		0.27	0.69	-0.06	-0.02	MSTSX
ABHYX	0.34	0.33	-0.06	0.0	-0.34	0.27		0.56	-0.14	-0.08	ABHYX
LBHIX	-0.27	-0.27	-0.55	0.0	-0.33	0.69	0.56		-0.38	0.3	LBHIX
SCAXF	0.71	0.71	0.5	0.0	-0.07	-0.06	-0.14	-0.38		-0.83	SCAXF
VIASP	-0.75	-0.75	-0.45	0.0	0.12	-0.02	-0.08	0.3	-0.83		VIASP
	OSCIX	OSMNX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP

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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

OSMNX	+ 1.0	OSCIX
SCAXF	+ 0.71	OSCIX
SCAXF	+ 0.71	OSMNX
LBHIX	+ 0.69	MSTSX
444859BR2	+ 0.57	OSCIX
444859BR2	+ 0.57	OSMNX

High negative correlations

VIASP	- 0.83	SCAXF
VIASP	- 0.75	OSMNX
VIASP	- 0.75	OSCIX
LBHIX	- 0.55	444859BR2
MSTSX	- 0.5	444859BR2
VIASP	- 0.45	444859BR2

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard International 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 International'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
OSCIX	0.63	(0.17)	0.00	(0.20)	0.00	0.00	1.12	(1.21)	3.86
OSMNX	0.63	(0.17)	0.00	(0.20)	0.00	0.00	1.14	(1.23)	3.85
444859BR2	1.36	(0.01)	0.00	0.16	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(19.66)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18

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