Vanguard Intermediate Correlations

VWIUX Fund

USD 13.74 0.03 0.22%

The current 90-days correlation between Vanguard Intermediate and Vanguard Limited Term Tax Exempt is 0.93 (i.e., Almost no diversification). The correlation of Vanguard Intermediate 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 Intermediate Correlation With Market

Very good diversification

The correlation between Vanguard Intermediate Term Tax and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Intermediate Term Tax 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 Intermediate Term Tax Exempt. 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 employment.

Moving together with Vanguard Mutual Fund

0.93	VMLUX	Vanguard Limited Term	Pair Corr
0.93	VMLTX	Vanguard Limited Term	Pair Corr
0.69	VMSIX	Vanguard Multi Sector	Pair Corr
0.98	VNJUX	Vanguard New Jersey	Pair Corr
0.98	VNJTX	Vanguard New Jersey	Pair Corr
0.98	VNYTX	Vanguard New York	Pair Corr
0.98	VNYUX	Vanguard New York	Pair Corr
0.98	VOHIX	Vanguard Ohio Long	Pair Corr
0.62	VPADX	Vanguard Pacific Stock	Pair Corr
0.62	VPACX	Vanguard Pacific Stock	Pair Corr
0.97	VPALX	Vanguard Pennsylvania	Pair Corr
0.97	VPAIX	Vanguard Pennsylvania	Pair Corr
0.62	VPKIX	Vanguard Pacific Stock	Pair Corr
0.76	VAIPX	Vanguard Inflation-protec	Pair Corr
0.8	VSCSX	Vanguard Short Term	Pair Corr
0.73	VSBIX	Vanguard Short Term	Pair Corr
0.74	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.33	VQNPX	Vanguard Growth And	Pair Corr
0.34	VSPGX	Vanguard Sp 500	Pair Corr

Related Correlations Analysis

	VMLUX	VWLUX	VWALX	VWSUX	VFSUX
VMLUX		0.94	0.96	0.65	0.66	VMLUX
VWLUX	0.94		0.99	0.4	0.71	VWLUX
VWALX	0.96	0.99		0.48	0.7	VWALX
VWSUX	0.65	0.4	0.48		0.14	VWSUX
VFSUX	0.66	0.71	0.7	0.14		VFSUX
	VMLUX	VWLUX	VWALX	VWSUX	VFSUX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Intermediate 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 Intermediate'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
VMLUX	0.07	0.01	(0.62)	(0.03)	0.00	(0.13)	0.18	(0.18)	0.74
VWLUX	0.17	0.03	(0.25)	(0.13)	0.23	(0.22)	0.37	(0.37)	1.65
VWALX	0.17	0.03	(0.25)	(0.12)	0.24	(0.22)	0.37	(0.37)	1.68
VWSUX	0.04	0.00	(1.07)	(0.10)	0.00	(0.12)	0.13	(0.06)	0.51
VFSUX	0.11	0.00	(0.71)	(0.01)	0.09	(0.14)	0.19	(0.19)	0.77

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC