Vanguard Correlations

VIOV Etf

USD 93.98 0.10 0.11%

The current 90-days correlation between Vanguard SP Small and WisdomTree MidCap Earnings is 0.97 (i.e., Almost no diversification). The correlation of Vanguard 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 Correlation With Market

Very poor diversification

The correlation between Vanguard SP Small Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard SP Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vanguard Etf

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

Moving together with Vanguard Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.99	IWN	iShares Russell 2000	Pair Corr
0.88	IJJ	iShares SP Mid	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
1.0	IJS	iShares SP Small	Pair Corr
1.0	SLYV	SPDR SP 600	Pair Corr
0.92	AVUV	Avantis Small Cap	Pair Corr
0.98	DES	WisdomTree SmallCap	Pair Corr
0.88	MDYV	SPDR SP 400	Pair Corr
0.99	CALF	Pacer Small Cap Low Volatility	Pair Corr
0.62	BITX	Volatility Shares Trust	Pair Corr
0.63	BTFX	Valkyrie Bitcoin Futures	Pair Corr
0.86	TARK	AXS 2X Innovation	Pair Corr
0.85	DRSK	Aptus Defined Risk	Pair Corr
0.87	BAC	Bank of America Aggressive Push	Pair Corr
0.64	AXP	American Express	Pair Corr
0.73	INTC	Intel Aggressive Push	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.71	MMM	3M Company	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.88	PFE	Pfizer Inc	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.84	CAT	Caterpillar	Pair Corr

Moving against Vanguard Etf

0.63	WTID	UBS ETRACS	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.37	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	EZM	EPS	RWJ	PRFZ	DES
EZM		0.95	0.93	0.99	0.97	EZM
EPS	0.95		0.92	0.97	0.88	EPS
RWJ	0.93	0.92		0.93	0.91	RWJ
PRFZ	0.99	0.97	0.93		0.96	PRFZ
DES	0.97	0.88	0.91	0.96		DES
	EZM	EPS	RWJ	PRFZ	DES

Vanguard Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard 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'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
EZM	0.75	0.01	0.05	0.12	0.61	(0.90)	2.05	(1.17)	3.90
EPS	0.48	0.05	0.06	0.18	0.27	(0.59)	1.29	(0.83)	3.62
RWJ	1.13	0.22	0.06	(1.18)	1.09	(1.26)	2.92	(2.08)	5.48
PRFZ	0.87	0.05	0.10	0.14	0.68	(1.07)	2.11	(1.38)	4.48
DES	0.91	(0.01)	0.04	0.11	0.85	(1.06)	2.43	(1.65)	5.18

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