Vanguard Materials Correlations

VAW Etf

USD 192.64 2.83 1.45%

The current 90-days correlation between Vanguard Materials Index and Vanguard Industrials Index is 0.93 (i.e., Almost no diversification). The correlation of Vanguard Materials 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 Materials Correlation With Market

Almost no diversification

The correlation between Vanguard Materials Index and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Materials Index and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Materials Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vanguard Etf

0.98	XLB	Materials Select Sector	Pair Corr
0.89	XME	SPDR SP Metals	Pair Corr
0.91	PHO	Invesco Water Resources	Pair Corr
0.87	MOO	VanEck Agribusiness ETF	Pair Corr
0.93	FXZ	First Trust Materials	Pair Corr
0.92	FIW	First Trust Water	Pair Corr
0.77	URNM	Sprott Uranium Miners	Pair Corr
0.96	IYM	iShares Basic Materials	Pair Corr
0.85	CGIE	Capital Group Intern	Pair Corr
0.87	WTMF	WisdomTree Managed	Pair Corr
0.86	IPAC	iShares Core MSCI	Pair Corr
0.89	EURL	Direxion Daily FTSE	Pair Corr
0.91	DVQQ	WEBs Defined Volatility	Pair Corr
0.9	AGEM	abrdn Emerging Markets	Pair Corr
0.84	DCPE	DoubleLine Shiller CAPE	Pair Corr
0.75	BTFD	Valkyrie Bitcoin Strategy	Pair Corr
0.79	COPJ	Sprott Junior Copper	Pair Corr
0.85	OBND	SSGA Active Trust	Pair Corr
0.87	QGRW	WisdomTree Trust	Pair Corr
0.89	FMAY	First Trust Exchange	Pair Corr
0.68	IHY	VanEck International High	Pair Corr
0.86	PWRD	Perfect World Symbol Change	Pair Corr
0.9	GLOF	iShares MSCI Global	Pair Corr
0.64	ARKB	ARK 21Shares Bitcoin	Pair Corr
0.87	JIRE	JP Morgan Exchange	Pair Corr

Moving against Vanguard Etf

0.87

WTID

UBS ETRACS Downward Rally

Pair Corr

Related Correlations Analysis

	VIS	VOX	VCR	VDC	VPU
VIS		0.98	0.98	0.62	0.89	VIS
VOX	0.98		0.96	0.53	0.83	VOX
VCR	0.98	0.96		0.58	0.84	VCR
VDC	0.62	0.53	0.58		0.83	VDC
VPU	0.89	0.83	0.84	0.83		VPU
	VIS	VOX	VCR	VDC	VPU

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Vanguard Materials Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Materials 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 Materials' 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
VIS	1.17	0.09	0.05	0.12	1.61	(1.32)	2.16	(2.42)	12.16
VOX	1.21	0.09	0.05	0.12	1.76	(1.21)	2.09	(3.05)	13.36
VCR	1.56	0.10	0.05	0.11	1.97	(1.63)	3.20	(3.00)	15.14
VDC	0.82	0.01	(0.01)	0.05	1.07	(0.86)	1.62	(1.28)	5.71
VPU	0.87	0.03	0.01	0.10	1.47	(0.80)	1.73	(1.66)	6.51

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