The user sees the list traversal arrows for one related Object record when clicking on an Object record.
The list of related Object records is narrowed down to a single Object record when the user clicks on a single related Object record.
When a user clicks on an Object record in the related Object section, the list traversal arrows go through all Object records that are displayed in that section at the time. If the list of related Object records is narrowed down to a single entry using Search, only a single Object record appears in the results. Thus, the traversal arrows are displayed so that the user can search through a single related Object record.
Vault Object Documentation: Working with Related Objects
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