Avantis Equity Correlations

AVUS Etf

USD 109.09 0.06 0.06%

The current 90-days correlation between Avantis Equity ETF and Avantis International Equity is 0.77 (i.e., Poor diversification). The correlation of Avantis Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Avantis Equity ETF and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Equity ETF 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 Equity ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Avantis Etf

0.93	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.93	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.93	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.95	VIG	Vanguard Dividend	Pair Corr
0.93	VV	Vanguard Large Cap	Pair Corr
0.67	RSP	Invesco SP 500	Pair Corr
0.99	IWB	iShares Russell 1000 Sell-off Trend	Pair Corr
0.98	ESGU	iShares ESG Aware	Pair Corr
0.92	DFAC	Dimensional Core Equity Sell-off Trend	Pair Corr
0.82	PTIR	GraniteShares 2x Long	Pair Corr
0.86	MUU	Direxion Daily MU Buyout Trend	Pair Corr
0.87	KORU	Direxion Daily South	Pair Corr
0.61	NUGT	Direxion Daily Gold	Pair Corr
0.85	IBM	International Business	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr
0.64	MMM	3M Company	Pair Corr

Moving against Avantis Etf

0.42	WTID	UBS ETRACS Upward Rally	Pair Corr
0.71	T	ATT Inc Aggressive Push	Pair Corr
0.7	VZ	Verizon Communications Aggressive Push	Pair Corr
0.61	BA	Boeing Sell-off Trend	Pair Corr
0.55	MCD	McDonalds	Pair Corr
0.52	HD	Home Depot Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AVDE	AVDV	DUHP	VUIAX	DFAU	VONE	MGV	VPU	IJK	EFG
AVDE		0.96	0.91	0.68	0.91	0.91	0.92	0.72	0.56	0.92	AVDE
AVDV	0.96		0.92	0.66	0.92	0.92	0.94	0.73	0.63	0.89	AVDV
DUHP	0.91	0.92		0.75	0.95	0.95	0.94	0.8	0.59	0.93	DUHP
VUIAX	0.68	0.66	0.75		0.68	0.7	0.7	0.96	0.06	0.79	VUIAX
DFAU	0.91	0.92	0.95	0.68		1.0	0.91	0.72	0.64	0.87	DFAU
VONE	0.91	0.92	0.95	0.7	1.0		0.91	0.74	0.62	0.88	VONE
MGV	0.92	0.94	0.94	0.7	0.91	0.91		0.78	0.57	0.87	MGV
VPU	0.72	0.73	0.8	0.96	0.72	0.74	0.78		0.15	0.82	VPU
IJK	0.56	0.63	0.59	0.06	0.64	0.62	0.57	0.15		0.52	IJK
EFG	0.92	0.89	0.93	0.79	0.87	0.88	0.87	0.82	0.52		EFG
	AVDE	AVDV	DUHP	VUIAX	DFAU	VONE	MGV	VPU	IJK	EFG

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Avantis Equity Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis Equity 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 Equity'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	0.51	0.01	(0.01)	0.08	0.60	(0.52)	1.02	(1.03)	3.42
AVDV	0.55	0.05	0.04	0.14	0.67	(0.56)	1.31	(0.95)	4.26
DUHP	0.47	(0.02)	(0.05)	0.04	0.63	(0.48)	0.90	(0.84)	3.45
VUIAX	0.60	0.07	0.01	(1.68)	0.68	(0.63)	1.38	(1.15)	3.32
DFAU	0.52	0.00	(0.01)	0.06	0.80	(0.51)	1.10	(1.10)	4.51
VONE	0.53	0.00	(0.01)	0.06	0.77	(0.52)	1.18	(1.08)	4.28
MGV	0.42	0.02	(0.01)	0.09	0.43	(0.44)	0.85	(0.87)	2.84
VPU	0.58	0.04	0.00	0.16	0.66	(0.60)	1.26	(1.18)	3.28
IJK	0.73	(0.06)	(0.05)	0.01	0.92	(0.76)	1.74	(1.21)	5.13
EFG	0.65	(0.03)	(0.05)	0.03	0.82	(0.65)	1.06	(1.38)	3.85

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