VictoryShares Correlations

CDC Etf

USD 69.19 0.25 0.36%

The current 90-days correlation between VictoryShares EQ Income and iShares MSCI Hong is 0.31 (i.e., Weak diversification). The correlation of VictoryShares 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.

VictoryShares Correlation With Market

Poor diversification

The correlation between VictoryShares EQ Income and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares EQ Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VictoryShares Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VictoryShares EQ Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with VictoryShares Etf

0.92	VTV	Vanguard Value Index	Pair Corr
0.89	VYM	Vanguard High Dividend	Pair Corr
0.91	IWD	iShares Russell 1000	Pair Corr
0.87	DGRO	iShares Core Dividend	Pair Corr
0.81	IVE	iShares SP 500	Pair Corr
0.86	SPYV	SPDR Portfolio SP	Pair Corr
0.87	IUSV	iShares Core SP	Pair Corr
0.97	NOBL	ProShares SP 500	Pair Corr
0.87	FNDX	Schwab Fundamental Large	Pair Corr
0.87	VLUE	iShares MSCI USA	Pair Corr
0.8	TOAK	Manager Directed Por	Pair Corr
0.75	FB	ProShares Trust ProShares	Pair Corr
0.68	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.62	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.89	VB	Vanguard Small Cap	Pair Corr
0.67	TOT	Advisor Managed Port	Pair Corr
0.71	INTC	Intel Buyout Trend	Pair Corr
0.9	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.81	WMT	Walmart Common Stock	Pair Corr
0.78	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.8	BA	Boeing	Pair Corr
0.79	MRK	Merck Company Earnings Call This Week	Pair Corr

Moving against VictoryShares Etf

0.79	NFLX	Netflix	Pair Corr
0.74	MSFT	Microsoft Aggressive Push	Pair Corr
0.6	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PFM	EWX	TPYP	JSMD	GSSC	EWS	IYT	SPEU	OAKM	EWH
PFM		0.57	0.6	0.7	0.94	0.45	0.88	0.91	0.85	0.65	PFM
EWX	0.57		0.37	0.79	0.62	0.87	0.45	0.72	0.35	0.73	EWX
TPYP	0.6	0.37		0.37	0.5	0.27	0.51	0.61	0.43	0.64	TPYP
JSMD	0.7	0.79	0.37		0.82	0.58	0.67	0.74	0.58	0.58	JSMD
GSSC	0.94	0.62	0.5	0.82		0.42	0.88	0.9	0.84	0.58	GSSC
EWS	0.45	0.87	0.27	0.58	0.42		0.34	0.61	0.27	0.7	EWS
IYT	0.88	0.45	0.51	0.67	0.88	0.34		0.88	0.93	0.63	IYT
SPEU	0.91	0.72	0.61	0.74	0.9	0.61	0.88		0.87	0.77	SPEU
OAKM	0.85	0.35	0.43	0.58	0.84	0.27	0.93	0.87		0.48	OAKM
EWH	0.65	0.73	0.64	0.58	0.58	0.7	0.63	0.77	0.48		EWH
	PFM	EWX	TPYP	JSMD	GSSC	EWS	IYT	SPEU	OAKM	EWH

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VictoryShares Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares 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 VictoryShares' 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
PFM	0.47	0.04	(0.03)	0.57	0.51	(0.50)	0.96	(0.89)	2.93
EWX	0.51	0.04	0.00	0.16	0.56	(0.51)	1.00	(0.91)	2.32
TPYP	0.61	0.08	0.02	1.19	0.68	(0.63)	1.08	(1.17)	3.35
JSMD	0.96	(0.01)	0.01	0.06	1.19	(1.02)	1.99	(2.17)	5.50
GSSC	0.86	0.06	0.01	0.27	0.95	(0.98)	1.85	(1.71)	4.39
EWS	0.63	0.05	0.02	0.16	0.73	(0.65)	1.67	(1.37)	3.78
IYT	0.81	0.04	0.05	0.10	0.81	(0.90)	2.43	(1.40)	5.07
SPEU	0.59	0.11	0.13	0.22	0.46	(0.69)	1.26	(1.05)	3.18
OAKM	0.66	0.02	0.01	0.09	0.76	(0.66)	1.52	(1.23)	3.91
EWH	0.80	0.14	0.12	0.25	0.86	(0.82)	1.93	(1.30)	4.21

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