Avantis International Correlations

AVDV Etf

USD 93.63 0.31 0.33%

The current 90-days correlation between Avantis International and Avantis International Equity is 0.93 (i.e., Almost no diversification). The correlation of Avantis International 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.

Avantis International Correlation With Market

Poor diversification

The correlation between Avantis International Small and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis International Small and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avantis Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis International Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

Moving together with Avantis Etf

0.69	FNDC	Schwab Fundamental	Pair Corr
0.76	PDN	Invesco FTSE RAFI	Pair Corr
0.97	DISV	Dimensional ETF Trust	Pair Corr
0.84	ISVL	iShares International	Pair Corr
0.86	DIM	WisdomTree International	Pair Corr
0.72	DDLS	WisdomTree Dynamic	Pair Corr
0.84	FYLD	Cambria Foreign Shar	Pair Corr
0.61	CGV	Two Roads Shared	Pair Corr
0.86	LENS	Sarmaya Thematic ETF	Pair Corr
0.82	ASA	ASA Gold	Pair Corr
0.71	MAPP	Harbor ETF Trust	Pair Corr
0.62	WNTR	YieldMax MSTR Short	Pair Corr
0.67	ZBIO	Zenas BioPharma, Common	Pair Corr
0.66	SUSL	iShares ESG MSCI	Pair Corr
0.69	AHLT	American Beacon Select	Pair Corr
0.83	MDLV	EA Series Trust	Pair Corr
0.79	FDLO	Fidelity Low Volatility	Pair Corr
0.62	MEXX	Direxion Daily MSCI	Pair Corr
0.81	BDEC	Innovator SP 500	Pair Corr
0.69	AAPU	Direxion Shares ETF	Pair Corr
0.84	MAYT	AIM ETF Products	Pair Corr

Moving against Avantis Etf

0.39	SWIN	Alps Symbol Change	Pair Corr
0.34	DRGN	Themes China Generative	Pair Corr
0.32	PRME	Prime Medicine, Common	Pair Corr

Related Correlations Analysis

	AVDE	AVEM	AVUS	DFUV	VFSAX	IWN	AVUV	DFAS	SPSM	VSS
AVDE		0.72	0.91	0.94	0.57	0.82	0.64	0.75	0.78	0.46	AVDE
AVEM	0.72		0.74	0.56	0.34	0.41	0.11	0.29	0.39	0.24	AVEM
AVUS	0.91	0.74		0.92	0.54	0.84	0.61	0.78	0.82	0.42	AVUS
DFUV	0.94	0.56	0.92		0.48	0.88	0.7	0.83	0.84	0.38	DFUV
VFSAX	0.57	0.34	0.54	0.48		0.67	0.69	0.74	0.75	0.83	VFSAX
IWN	0.82	0.41	0.84	0.88	0.67		0.74	0.96	0.96	0.51	IWN
AVUV	0.64	0.11	0.61	0.7	0.69	0.74		0.82	0.78	0.74	AVUV
DFAS	0.75	0.29	0.78	0.83	0.74	0.96	0.82		0.99	0.55	DFAS
SPSM	0.78	0.39	0.82	0.84	0.75	0.96	0.78	0.99		0.55	SPSM
VSS	0.46	0.24	0.42	0.38	0.83	0.51	0.74	0.55	0.55		VSS
	AVDE	AVEM	AVUS	DFUV	VFSAX	IWN	AVUV	DFAS	SPSM	VSS

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Avantis International Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis International ETF 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 Avantis International'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
AVDE	0.55	0.00	(0.02)	0.07	0.65	(0.55)	1.14	(1.18)	2.62
AVEM	0.68	(0.02)	(0.03)	0.05	0.96	(0.70)	1.18	(1.26)	5.10
AVUS	0.57	(0.01)	(0.01)	0.06	0.88	(0.52)	1.28	(1.26)	3.50
DFUV	0.59	0.00	0.00	0.07	0.70	(0.64)	1.27	(1.18)	3.39
VFSAX	0.51	(0.04)	(0.08)	0.01	0.72	(0.47)	1.10	(1.07)	2.89
IWN	0.88	0.00	0.02	0.07	1.05	(0.92)	2.18	(1.85)	5.22
AVUV	0.88	0.08	0.02	0.43	1.04	(0.98)	2.38	(1.55)	5.25
DFAS	0.83	(0.04)	(0.02)	0.04	1.06	(0.79)	1.95	(1.53)	4.90
SPSM	0.87	(0.04)	(0.01)	0.04	1.07	(0.90)	2.00	(1.80)	5.22
VSS	0.55	0.03	(0.04)	0.72	0.71	(0.53)	1.18	(1.16)	2.95

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