Vanguard Extended Correlations

EDV Etf

USD 68.67 0.62 0.91%

The current 90-days correlation between Vanguard Extended and Vanguard 0 3 Month is 0.03 (i.e., Significant diversification). The correlation of Vanguard Extended 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.

Vanguard Extended Correlation With Market

Modest diversification

The correlation between Vanguard Extended Duration and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Extended Duration and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vanguard Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vanguard Extended Duration. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in banks.

Moving together with Vanguard Etf

0.94	TLT	iShares 20 Year	Pair Corr
0.91	IEF	iShares 7 10	Pair Corr
0.93	SPTL	SPDR Barclays Long	Pair Corr
0.92	TLH	iShares 10 20	Pair Corr
0.94	GOVZ	iShares 25 Year	Pair Corr
0.93	SCHQ	Schwab Long Term	Pair Corr
0.97	BNDD	Quadratic Deflation ETF	Pair Corr
0.64	TYA	Simplify Exchange Traded	Pair Corr
0.79	VTI	Vanguard Total Stock	Pair Corr
0.78	SPY	SPDR SP 500	Pair Corr
0.78	IVV	iShares Core SP	Pair Corr
0.97	BND	Vanguard Total Bond	Pair Corr
0.68	VTV	Vanguard Value Index	Pair Corr
0.76	VUG	Vanguard Growth Index	Pair Corr
0.76	VEA	Vanguard FTSE Developed	Pair Corr
0.68	IBM	International Business	Pair Corr
0.76	GE	GE Aerospace Sell-off Trend	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.73	INTC	Intel Aggressive Push	Pair Corr

Moving against Vanguard Etf

0.4	MCD	McDonalds	Pair Corr
0.63	T	ATT Inc	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.43	DIS	Walt Disney	Pair Corr
0.42	BA	Boeing	Pair Corr

Related Correlations Analysis

	VBIL	MLDR	MMKT	VGUS	WEEK	OBIL	FIAX	FLGV	BIL
VBIL		0.76	1.0	1.0	0.99	0.98	0.81	0.77	1.0	VBIL
MLDR	0.76		0.76	0.77	0.76	0.84	0.74	0.98	0.76	MLDR
MMKT	1.0	0.76		1.0	0.99	0.98	0.8	0.77	1.0	MMKT
VGUS	1.0	0.77	1.0		0.99	0.98	0.81	0.79	1.0	VGUS
WEEK	0.99	0.76	0.99	0.99		0.97	0.8	0.77	0.99	WEEK
OBIL	0.98	0.84	0.98	0.98	0.97		0.79	0.86	0.98	OBIL
FIAX	0.81	0.74	0.8	0.81	0.8	0.79		0.73	0.8	FIAX
FLGV	0.77	0.98	0.77	0.79	0.77	0.86	0.73		0.77	FLGV
BIL	1.0	0.76	1.0	1.0	0.99	0.98	0.8	0.77		BIL
	VBIL	MLDR	MMKT	VGUS	WEEK	OBIL	FIAX	FLGV	BIL

Vanguard Extended Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Extended 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 Vanguard Extended'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
VBIL	0.01	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.05
MLDR	0.15	0.03	(0.15)	(0.92)	0.00	(0.17)	0.36	(0.22)	0.99
MMKT	0.01	0.01	(3.54)	(1.44)	0.00	(0.02)	0.05	(0.01)	0.08
VGUS	0.02	0.01	(1.12)	0.59	0.00	(0.03)	0.05	(0.01)	0.20
WEEK	0.03	0.00	(1.19)	(0.83)	0.00	(0.04)	0.07	(0.03)	0.22
OBIL	0.02	0.01	(1.00)	(1.30)	0.00	(0.04)	0.06	(0.02)	0.22
FIAX	0.16	0.01	(0.18)	0.13	0.15	(0.17)	0.33	(0.33)	1.17
FLGV	0.18	0.03	(0.12)	(1.14)	0.00	(0.23)	0.39	(0.29)	1.11
BIL	0.01	0.01	0.00	(2.05)	0.00	0.00	0.04	0.00	0.05

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