VanEck China Correlations

CBON Etf

USD 22.33 0.01 0.04%

The current 90-days correlation between VanEck China Bond and VanEck Vectors Moodys is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck China moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck China Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck China Correlation With Market

Significant diversification

The correlation between VanEck China Bond and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck China Bond and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VanEck Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck China Bond. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with VanEck Etf

0.85	LEMB	iShares JP Morgan	Pair Corr
0.88	FEMB	First Trust Emerging	Pair Corr
0.94	CEW	WisdomTree Emerging	Pair Corr
0.7	OIH	VanEck Oil Services	Pair Corr
0.88	ARKW	ARK Next Generation	Pair Corr
0.84	WTMF	WisdomTree Managed	Pair Corr
0.92	EWC	iShares MSCI Canada	Pair Corr
0.94	BST	BlackRock Science Tech	Pair Corr
0.78	IRET	iREIT MarketVector	Pair Corr
0.91	JMEE	JPMorgan Market Expansion	Pair Corr
0.7	LQD	iShares iBoxx Investment Sell-off Trend	Pair Corr
0.93	PJAN	Innovator SP 500	Pair Corr
0.86	BILS	SPDR Series Trust	Pair Corr
0.91	VFH	Vanguard Financials Index	Pair Corr
0.91	IDVZ	Opal International	Pair Corr
0.92	VIG	Vanguard Dividend	Pair Corr
0.9	USD	ProShares Ultra Semi	Pair Corr
0.8	HCOW	Amplify Cash Flow	Pair Corr
0.9	CPSD	Calamos ETF Trust	Pair Corr
0.91	TECL	Direxion Daily Technology	Pair Corr
0.91	DISV	Dimensional ETF Trust Low Volatility	Pair Corr
0.94	SUPP	TCW Transform Supply	Pair Corr
0.62	DBC	Invesco DB Commodity	Pair Corr
0.91	RISN	Inspire Tactical Balanced	Pair Corr
0.91	FEUZ	First Trust Eurozone	Pair Corr
0.93	VGT	Vanguard Information	Pair Corr
0.81	FXZ	First Trust Materials	Pair Corr
0.87	NBCE	Neuberger Berman ETF	Pair Corr
0.91	FXD	First Trust Consumer	Pair Corr
0.91	EGGY	Tidal Trust III	Pair Corr
0.85	UFO	Procure Space ETF	Pair Corr
0.91	RAA	SMI 3Fourteen REAL	Pair Corr
0.93	WEBL	Direxion Daily Dow	Pair Corr
0.89	DFAT	Dimensional Targeted	Pair Corr
0.93	VXUS	Vanguard Total Inter	Pair Corr
0.86	INKM	SPDR SSgA Income	Pair Corr
0.91	XYLG	Global X SP	Pair Corr

Moving against VanEck Etf

0.74

HUM

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Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.82	0.79	0.56	0.92	0.17	0.93	0.21	0.51	META
MSFT	0.97		0.84	0.83	0.51	0.86	0.17	0.95	0.23	0.5	MSFT
UBER	0.82	0.84		0.88	0.41	0.78	0.46	0.85	0.18	0.44	UBER
F	0.79	0.83	0.88		0.42	0.8	0.16	0.89	0.43	0.68	F
T	0.56	0.51	0.41	0.42		0.63	0.11	0.46	0.35	0.27	T
A	0.92	0.86	0.78	0.8	0.63		0.15	0.86	0.36	0.63	A
CRM	0.17	0.17	0.46	0.16	0.11	0.15		0.09	-0.33	-0.21	CRM
JPM	0.93	0.95	0.85	0.89	0.46	0.86	0.09		0.32	0.59	JPM
MRK	0.21	0.23	0.18	0.43	0.35	0.36	-0.33	0.32		0.54	MRK
XOM	0.51	0.5	0.44	0.68	0.27	0.63	-0.21	0.59	0.54		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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.89	F
F	+ 0.88	UBER

High negative correlations

MRK	- 0.33	CRM
XOM	- 0.21	CRM

VanEck China Competition Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck China 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 China'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	1.47	0.27	0.25	0.41	0.82	(1.79)	3.99	(2.00)	10.48
MSFT	0.84	0.33	0.36	0.63	0.00	(1.04)	2.33	(1.03)	8.85
UBER	1.60	0.05	0.05	0.25	1.44	(1.99)	4.19	(2.54)	10.87
F	1.29	0.10	0.04	0.33	1.40	(1.40)	2.69	(2.33)	7.46
T	1.00	(0.02)	(0.12)	0.14	1.30	(1.05)	2.35	(2.35)	5.71
A	1.53	(0.10)	0.02	0.14	1.77	(1.61)	2.82	(2.89)	14.01
CRM	1.30	(0.17)	(0.04)	0.09	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.88	0.19	0.16	0.40	0.54	(1.01)	2.25	(1.31)	6.03
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
XOM	1.10	(0.01)	(0.10)	0.16	1.39	(1.07)	2.18	(2.58)	6.28

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