Vanguard Short-term Correlations

VFSUX Fund

USD 10.33 0.03 0.29%

The current 90-days correlation between Vanguard Short Term and Vanguard Intermediate Term Investment Grade is 0.77 (i.e., Poor diversification). The correlation of Vanguard Short-term 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 Short-term Correlation With Market

Significant diversification

The correlation between Vanguard Short Term Investment and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Short Term Investment 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 Short Term Investment Grade. 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

0.71	VMLUX	Vanguard Limited Term	Pair Corr
0.71	VMLTX	Vanguard Limited Term	Pair Corr
0.68	VNJUX	Vanguard New Jersey	Pair Corr
0.74	VNJTX	Vanguard New Jersey	Pair Corr
0.66	VNYTX	Vanguard New York	Pair Corr
0.66	VNYUX	Vanguard New York	Pair Corr
0.75	VOHIX	Vanguard Ohio Long	Pair Corr
0.68	VPALX	Vanguard Pennsylvania	Pair Corr
0.67	VPAIX	Vanguard Pennsylvania	Pair Corr
0.69	VAIPX	Vanguard Inflation-protec	Pair Corr
0.81	VSCSX	Vanguard Short Term	Pair Corr
0.75	VSBIX	Vanguard Short Term	Pair Corr
0.85	VSBSX	Vanguard Short Term	Pair Corr

Moving against Vanguard Mutual Fund

0.33	NAESX	Vanguard Small Cap	Pair Corr
0.43	VSMVX	Vanguard Sp Small	Pair Corr
0.39	VSMSX	Vanguard Sp Small	Pair Corr
0.38	VSEMX	Vanguard Extended Market	Pair Corr
0.37	VSTCX	Vanguard Strategic	Pair Corr
0.33	VSCIX	Vanguard Small Cap	Pair Corr
0.33	VSGAX	Vanguard Small Cap	Pair Corr
0.33	VSGIX	Vanguard Small Cap	Pair Corr
0.32	VSCPX	Vanguard Small Cap	Pair Corr
0.32	VSIIX	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	VFIDX	VTABX	VWEAX	VFIJX	VBTLX
VFIDX		0.48	0.22	0.93	0.98	VFIDX
VTABX	0.48		0.68	0.27	0.38	VTABX
VWEAX	0.22	0.68		0.04	0.11	VWEAX
VFIJX	0.93	0.27	0.04		0.96	VFIJX
VBTLX	0.98	0.38	0.11	0.96		VBTLX
	VFIDX	VTABX	VWEAX	VFIJX	VBTLX

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Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Short-term 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 Short-term'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
VFIDX	0.21	(0.03)	0.00	(0.46)	0.00	0.00	0.46	(0.56)	1.39
VTABX	0.15	0.00	(0.52)	0.24	0.12	(0.19)	0.35	(0.35)	0.90
VWEAX	0.11	0.01	(0.50)	0.30	0.00	(0.23)	0.37	(0.18)	0.74
VFIJX	0.23	(0.02)	0.00	0.66	0.00	0.00	0.43	(0.54)	1.20
VBTLX	0.21	(0.04)	0.00	(0.59)	0.00	0.00	0.42	(0.62)	1.36

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