VanEck Emerging Correlations

HYEM Etf

USD 20.16 0.10 0.50%

The current 90-days correlation between VanEck Emerging Markets and VanEck Vectors Moodys is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Emerging Correlation With Market

Very good diversification

The correlation between VanEck Emerging Markets and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VanEck Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in commodities.

Moving together with VanEck Etf

0.98	EMB	iShares JP Morgan Sell-off Trend	Pair Corr
0.96	PCY	Invesco Emerging Markets	Pair Corr
0.98	EMHY	iShares JP Morgan	Pair Corr
0.99	CEMB	iShares JP Morgan	Pair Corr
0.73	XEMD	Bondbloxx ETF Trust	Pair Corr
0.98	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.96	EMBD	Global X Emerging	Pair Corr
0.71	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.99	JPMB	JPMorgan USD Emerging	Pair Corr
0.64	USD	ProShares Ultra Semi	Pair Corr
0.86	FNGO	MicroSectors FANG Index	Pair Corr
0.86	DFEN	Direxion Daily Aerospace	Pair Corr
0.89	BTF	Valkyrie Bitcoin Strategy	Pair Corr
0.88	BULZ	MicroSectors Solactive	Pair Corr
0.87	FNGG	Direxion Daily Select	Pair Corr
0.74	BITS	Global X Blockchain	Pair Corr
0.79	NYF	iShares New York	Pair Corr
0.92	SPTI	SPDR Portfolio Inter	Pair Corr
0.72	IBMR	iShares Trust	Pair Corr
0.96	SIXD	AIM ETF Products	Pair Corr
0.95	SFYF	SoFi Social 50	Pair Corr
0.88	SSEUF	SSgA SPDR ETFs	Pair Corr
0.94	IWV	iShares Russell 3000	Pair Corr
0.93	WTTSX	Wisdomtree Digital Trust	Pair Corr
0.92	IWO	iShares Russell 2000	Pair Corr
0.73	VTEB	Vanguard Tax Exempt Sell-off Trend	Pair Corr
0.71	PLTG	Leverage Shares 2X	Pair Corr
0.76	TNA	Direxion Daily Small	Pair Corr
0.61	DRSK	Aptus Defined Risk	Pair Corr
0.93	SPRX	Spear Alpha ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.85	0.57	0.65	0.56	0.32	-0.72	0.7	0.53	0.19	META
MSFT	0.85		0.55	0.68	0.27	0.24	-0.58	0.87	0.56	0.31	MSFT
UBER	0.57	0.55		0.87	0.48	0.6	-0.22	0.72	0.72	0.45	UBER
F	0.65	0.68	0.87		0.49	0.62	-0.41	0.82	0.84	0.58	F
T	0.56	0.27	0.48	0.49		0.48	-0.45	0.39	0.55	0.11	T
A	0.32	0.24	0.6	0.62	0.48		0.06	0.47	0.7	0.63	A
CRM	-0.72	-0.58	-0.22	-0.41	-0.45	0.06		-0.37	-0.35	0.04	CRM
JPM	0.7	0.87	0.72	0.82	0.39	0.47	-0.37		0.71	0.49	JPM
MRK	0.53	0.56	0.72	0.84	0.55	0.7	-0.35	0.71		0.62	MRK
XOM	0.19	0.31	0.45	0.58	0.11	0.63	0.04	0.49	0.62		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.87	MSFT
F	+ 0.87	UBER
MSFT	+ 0.85	META
MRK	+ 0.84	F
JPM	+ 0.82	F
JPM	+ 0.72	UBER

High negative correlations

CRM	- 0.72	META
CRM	- 0.58	MSFT
CRM	- 0.45	T
CRM	- 0.41	F
JPM	- 0.37	CRM
MRK	- 0.35	CRM

VanEck Emerging Competition Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Emerging 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 VanEck Emerging'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
META	1.37	0.12	0.08	0.25	1.18	(1.68)	3.16	(2.27)	14.28
MSFT	0.68	0.11	0.05	0.43	0.58	(0.78)	1.58	(1.42)	5.71
UBER	1.40	0.03	(0.01)	0.16	1.65	(1.47)	2.72	(2.30)	11.37
F	1.26	0.10	0.07	0.19	1.49	(1.25)	2.55	(2.36)	7.46
T	0.78	0.09	(0.01)	1.05	0.91	(0.80)	1.75	(1.96)	5.41
A	1.41	0.01	0.05	0.12	1.61	(1.49)	3.24	(2.46)	9.19
CRM	1.24	(0.25)	0.00	(0.09)	0.00	0.00	2.63	(3.19)	6.27
JPM	0.79	0.09	0.09	0.21	0.84	(0.87)	1.78	(1.36)	5.19
MRK	1.16	0.06	0.03	0.17	1.41	(1.15)	2.90	(2.36)	7.79
XOM	0.97	0.18	0.05	4.22	1.23	(1.01)	2.14	(2.07)	6.25

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