Vanguard Russell Correlations

VRTIX Etf

USD 325.06 1.70 0.53%

The correlation of Vanguard Russell 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 Russell Correlation With Market

Almost no diversification

The correlation between Vanguard Russell 2000 and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Russell 2000 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 Russell 2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Vanguard Etf

0.92	VB	Vanguard Small Cap	Pair Corr
0.92	IJR	iShares Core SP	Pair Corr
0.93	IWM	iShares Russell 2000	Pair Corr
0.93	VTWO	Vanguard Russell 2000	Pair Corr
0.92	FNDA	Schwab Fundamental Small	Pair Corr
0.92	SPSM	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.92	DFAS	Dimensional Small Cap	Pair Corr
0.92	VIOO	Vanguard SP Small	Pair Corr
1.0	PRFZ	Invesco FTSE RAFI	Pair Corr
0.88	VTI	Vanguard Total Stock	Pair Corr
0.88	SPY	SPDR SP 500	Pair Corr
0.9	IVV	iShares Core SP	Pair Corr
0.9	VTV	Vanguard Value Index	Pair Corr
0.87	VUG	Vanguard Growth Index	Pair Corr
0.9	VO	Vanguard Mid Cap	Pair Corr
0.81	VEA	Vanguard FTSE Developed	Pair Corr
0.63	FLXR	TCW ETF Trust	Pair Corr
0.9	SOXX	iShares Semiconductor ETF	Pair Corr
0.67	NFXL	Direxion Daily NFLX	Pair Corr
0.66	CBTJ	Calamos Bitcoin 80	Pair Corr
0.82	JIRE	JP Morgan Exchange	Pair Corr
0.83	STXI	EA Series Trust	Pair Corr
0.83	XHYT	BondBloxx ETF Trust	Pair Corr
0.82	NIKL	Sprott Nickel Miners Downward Rally	Pair Corr
0.84	IXUS	iShares Core MSCI	Pair Corr
0.86	PWRD	Perfect World Symbol Change	Pair Corr
0.85	WTMF	WisdomTree Managed	Pair Corr
0.85	NBGX	Neuberger Berman ETF	Pair Corr
0.88	AOHY	Angel Oak High	Pair Corr
0.86	EURL	Direxion Daily FTSE	Pair Corr
0.88	HWAY	Themes Infrastructure ETF	Pair Corr
0.9	SWAN	Amplify BlackSwan Growth	Pair Corr
0.79	COPJ	Sprott Junior Copper	Pair Corr
0.9	FMIL	Fidelity New Millennium	Pair Corr
0.7	DWMF	WisdomTree International	Pair Corr
0.9	OBND	SSGA Active Trust	Pair Corr

Related Correlations Analysis

	VDYIF	VFLQ	MUNY	VTEL	VEMGF	VNGGF	VNGDF	VNGCF	VNGBF
VDYIF		0.0	-0.18	-0.23	0.22	0.0	-0.29	0.0	0.7	VDYIF
VFLQ	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VFLQ
MUNY	-0.18	0.0		0.44	-0.27	0.0	-0.28	0.0	-0.28	MUNY
VTEL	-0.23	0.0	0.44		-0.36	0.0	-0.37	0.0	-0.36	VTEL
VEMGF	0.22	0.0	-0.27	-0.36		0.0	0.54	0.0	0.5	VEMGF
VNGGF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VNGGF
VNGDF	-0.29	0.0	-0.28	-0.37	0.54	0.0		0.0	-0.14	VNGDF
VNGCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	VNGCF
VNGBF	0.7	0.0	-0.28	-0.36	0.5	0.0	-0.14	0.0		VNGBF
	VDYIF	VFLQ	MUNY	VTEL	VEMGF	VNGGF	VNGDF	VNGCF	VNGBF

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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

VNGBF	+ 0.7	VDYIF
VNGDF	+ 0.54	VEMGF
VNGBF	+ 0.5	VEMGF
VTEL	+ 0.44	MUNY
VEMGF	+ 0.22	VDYIF
VFLQ	+ 0.0	VDYIF

High negative correlations

VNGDF	- 0.37	VTEL
VNGBF	- 0.36	VTEL
VEMGF	- 0.36	VTEL
VNGDF	- 0.29	VDYIF
VNGBF	- 0.28	MUNY
VNGDF	- 0.28	MUNY

Vanguard Russell Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Russell 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 Russell'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
VDYIF	0.37	0.03	0.00	0.40	0.00	0.00	1.39	0.00	8.39
VFLQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MUNY	0.33	0.03	0.00	9.01	0.59	(0.37)	0.32	(0.30)	3.74
VTEL	0.21	0.01	(0.05)	4.09	0.15	(0.23)	0.38	(0.35)	0.82
VEMGF	0.15	0.01	0.00	0.22	0.00	0.00	0.48	(0.50)	2.24
VNGGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VNGDF	0.98	0.32	0.19	2.60	0.79	(1.31)	3.29	(1.51)	8.87
VNGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VNGBF	0.26	0.02	(0.02)	(0.52)	0.32	(0.31)	0.58	(0.63)	2.04

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