Vanguard Target Correlations

VTHRX Fund

USD 40.17 0.23 0.58%

The current 90-days correlation between Vanguard Target Reti and Vanguard Target Retirement is 1.0 (i.e., No risk reduction). The correlation of Vanguard Target 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 Target Correlation With Market

Significant diversification

The correlation between Vanguard Target Retirement and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Target Retirement 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 Target Retirement. 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 metropolitan statistical area.

Moving together with Vanguard Mutual Fund

0.98	AAETX	American Funds 2030	Pair Corr
0.97	CCETX	American Funds 2030	Pair Corr
0.98	FAETX	American Funds 2030	Pair Corr
0.75	FSNQX	Fidelity Freedom 2030	Pair Corr
0.75	FFFEX	Fidelity Freedom 2030	Pair Corr
0.96	FGTKX	Fidelity Freedom 2030	Pair Corr
0.98	TRFHX	T Rowe Price	Pair Corr
0.79	RRTCX	T Rowe Price	Pair Corr
0.65	CII	Blackrock Enhanced	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.61	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Vanguard Mutual Fund

0.65	UIPIX	Ultrashort Mid Cap	Pair Corr
0.63	USPSX	Profunds Ultrashort	Pair Corr
0.63	USPIX	Profunds Ultrashort	Pair Corr
0.4	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	VTTVX	VTWNX	VFORX	VTTHX	VFIFX
VTTVX		0.96	0.96	0.76	0.93	VTTVX
VTWNX	0.96		0.85	0.66	0.8	VTWNX
VFORX	0.96	0.85		0.8	1.0	VFORX
VTTHX	0.76	0.66	0.8		0.81	VTTHX
VFIFX	0.93	0.8	1.0	0.81		VFIFX
	VTTVX	VTWNX	VFORX	VTTHX	VFIFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Target 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 Target'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
VTTVX	0.29	0.04	(0.21)	1.20	0.25	(0.33)	0.64	(0.54)	1.69
VTWNX	0.23	0.02	(0.32)	0.76	0.17	(0.25)	0.48	(0.48)	1.34
VFORX	0.39	0.06	(0.13)	1.94	0.36	(0.43)	0.88	(0.73)	2.49
VTTHX	0.37	(0.02)	(0.16)	0.09	0.41	(0.37)	0.80	(0.71)	2.27
VFIFX	0.46	0.07	(0.09)	2.55	0.46	(0.51)	1.09	(0.91)	2.94

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