Avantis All Correlations

AVGE Etf

USD 82.92 0.17 0.21%

The current 90-days correlation between Avantis All Equity and John Hancock Multifactor is 0.89 (i.e., Very poor diversification). The correlation of Avantis All 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.

Avantis All Correlation With Market

Almost no diversification

The correlation between Avantis All Equity and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis All Equity 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 All Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Avantis Etf

0.98	VT	Vanguard Total World	Pair Corr
0.97	ACWI	iShares MSCI ACWI	Pair Corr
0.79	ACWV	iShares MSCI Global	Pair Corr
0.96	IOO	iShares Global 100	Pair Corr
0.98	URTH	iShares MSCI World	Pair Corr
0.97	CRBN	iShares MSCI ACWI	Pair Corr
0.95	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.97	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.98	SPGM	SPDR Portfolio MSCI	Pair Corr
0.75	USD	ProShares Ultra Semi	Pair Corr
0.84	BULZ	MicroSectors Solactive	Pair Corr
0.77	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.9	FNGO	MicroSectors FANG Index	Pair Corr
0.87	GDXU	MicroSectors Gold Miners	Pair Corr
0.88	JNUG	Direxion Daily Junior	Pair Corr
0.89	NUGT	Direxion Daily Gold	Pair Corr
0.9	FNGG	Direxion Daily Select	Pair Corr
0.86	GDMN	WisdomTree Efficient Gold	Pair Corr
0.9	ANEW	ProShares MSCI Trans	Pair Corr
0.98	PJUN	Innovator SP 500	Pair Corr
0.77	GLD	SPDR Gold Shares	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.79	INTC	Intel	Pair Corr
0.84	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr
0.88	AXP	American Express	Pair Corr

Moving against Avantis Etf

0.61	DIS	Walt Disney	Pair Corr
0.55	BA	Boeing	Pair Corr

Related Correlations Analysis

	JHSC	IGE	SMDV	DBEU	EES	AOK	OSCV	IYM	GSPY	QLC
JHSC		0.88	0.78	0.7	0.98	0.84	0.92	0.91	0.88	0.86	JHSC
IGE	0.88		0.46	0.72	0.85	0.92	0.76	0.8	0.94	0.95	IGE
SMDV	0.78	0.46		0.28	0.83	0.36	0.87	0.72	0.43	0.38	SMDV
DBEU	0.7	0.72	0.28		0.6	0.8	0.51	0.72	0.83	0.8	DBEU
EES	0.98	0.85	0.83	0.6		0.78	0.96	0.88	0.84	0.81	EES
AOK	0.84	0.92	0.36	0.8	0.78		0.68	0.75	0.97	0.98	AOK
OSCV	0.92	0.76	0.87	0.51	0.96	0.68		0.79	0.74	0.7	OSCV
IYM	0.91	0.8	0.72	0.72	0.88	0.75	0.79		0.81	0.77	IYM
GSPY	0.88	0.94	0.43	0.83	0.84	0.97	0.74	0.81		0.99	GSPY
QLC	0.86	0.95	0.38	0.8	0.81	0.98	0.7	0.77	0.99		QLC
	JHSC	IGE	SMDV	DBEU	EES	AOK	OSCV	IYM	GSPY	QLC

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Avantis All Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis All 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 All'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
JHSC	0.77	(0.02)	0.00	0.03	0.81	(0.93)	2.15	(1.39)	6.42
IGE	0.62	0.06	0.05	0.13	0.71	(0.63)	1.22	(1.30)	4.25
SMDV	0.78	(0.07)	0.00	(0.01)	0.00	0.00	1.87	(1.35)	5.93
DBEU	0.47	0.03	0.02	0.10	0.48	(0.53)	1.16	(1.07)	3.32
EES	0.89	(0.03)	0.00	0.03	1.02	(0.98)	2.18	(1.57)	7.18
AOK	0.21	0.04	0.03	0.18	0.00	(0.26)	0.53	(0.39)	1.60
OSCV	0.67	(0.03)	(0.03)	0.02	0.72	(0.80)	1.56	(1.21)	4.86
IYM	0.72	(0.02)	(0.02)	0.03	0.88	(0.76)	1.51	(1.56)	4.10
GSPY	0.46	0.04	0.05	0.10	0.56	(0.50)	1.29	(0.64)	4.18
QLC	0.47	0.07	0.09	0.12	0.50	(0.51)	1.36	(0.62)	4.14

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