Vanguard Materials Correlations

Mutual Funds . USA . 
Fund . Vanguard Materials Index
VMIAX Fund  USD 107.60  0.16  0.15%   
The current 90-days correlation between Vanguard Materials Index and Materials Portfolio Fidelity is 0.05 (i.e., Significant diversification). The correlation of Vanguard Materials 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 Materials Correlation With Market

Poor diversification

The correlation between Vanguard Materials Index and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Materials Index 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 Materials Index. 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 nation.

Moving together with Vanguard Mutual Fund

  0.76VMNVX Vanguard Global MinimumPairCorr
  0.72VMMSX Vanguard Emerging MarketsPairCorr
  0.76VMVAX Vanguard Mid CapPairCorr
  0.77VMVIX Vanguard Mid CapPairCorr
  0.76VMVFX Vanguard Global MinimumPairCorr
  0.79VMVLX Vanguard Mega CapPairCorr
  0.71VPCCX Vanguard PrimecapPairCorr
  0.82VPMCX Vanguard PrimecapPairCorr
  0.82VPMAX Vanguard PrimecapPairCorr
  0.65NAESX Vanguard Small CapPairCorr
  0.73VQNPX Vanguard Growth AndPairCorr
  0.93VAGVX Vanguard Advice SelectPairCorr
  0.86VAIGX Vanguard Advice SelectPairCorr
  0.65VSCIX Vanguard Small CapPairCorr
  0.76VSCGX Vanguard LifestrategyPairCorr
  0.61VSCPX Vanguard Small CapPairCorr
  0.69VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.38VSIGX Vanguard Intermediate-terPairCorr

Related Correlations Analysis

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