Vanguard Long Correlations

Mutual Funds . USA . 
Fund . Vanguard Long Term Tax Exempt
VWLTX Fund  USD 11.03  0.02  0.18%   
The current 90-days correlation between Vanguard Long Term and Vanguard Intermediate Term Tax Exempt is 0.98 (i.e., Almost no diversification). The correlation of Vanguard Long 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 Long Correlation With Market

Very good diversification

The correlation between Vanguard Long Term Tax Exempt and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Long Term Tax Exempt 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 Long 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 estimate.

Moving together with Vanguard Mutual Fund

  0.94VMLUX Vanguard Limited TermPairCorr
  0.94VMLTX Vanguard Limited TermPairCorr
  0.71VMSIX Vanguard Multi SectorPairCorr
  0.99VNJUX Vanguard New JerseyPairCorr
  0.99VNJTX Vanguard New JerseyPairCorr
  0.99VNYTX Vanguard New YorkPairCorr
  0.99VNYUX Vanguard New YorkPairCorr
  0.99VOHIX Vanguard Ohio LongPairCorr
  0.99VPALX Vanguard PennsylvaniaPairCorr
  0.99VPAIX Vanguard PennsylvaniaPairCorr
  0.72VAIPX Vanguard Inflation-protecPairCorr
  0.78VSCSX Vanguard Short TermPairCorr
  0.7VSBIX Vanguard Short TermPairCorr
  0.71VSBSX Vanguard Short TermPairCorr

Related Correlations Analysis

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 Long 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 Long'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY