Vanguard World Correlations

The current 90-days correlation between Vanguard World and Vanguard Funds Public is -0.13 (i.e., Good diversification). The correlation of Vanguard World 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 World Correlation With Market

Good diversification

The correlation between Vanguard World and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard World and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard World when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vanguard World - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vanguard World to buy it.

Moving together with Vanguard Etf

0.64	BND	Vanguard Bond Index	Pair Corr
0.83	KRE	SPDR SP Regional	Pair Corr

Moving against Vanguard Etf

0.77	QQQ	Invesco QQQ Trust	Pair Corr
0.74	SPY	SPDR SP 500	Pair Corr
0.73	VOO	Vanguard SP 500	Pair Corr
0.71	IVV	iShares Trust	Pair Corr
0.71	IJH	iShares Trust	Pair Corr
0.7	VFH	Vanguard World	Pair Corr
0.68	IWM	iShares Trust	Pair Corr
0.61	VXUS	Vanguard STAR Funds	Pair Corr
0.61	EDC	Direxion Shares ETF	Pair Corr
0.61	ICLN	iShares Global Clean	Pair Corr
0.58	VTI	Vanguard Index Funds	Pair Corr
0.56	VEA	Vanguard Tax Managed	Pair Corr
0.53	VWO	Vanguard International	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.57	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.59	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.54	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.73	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.16	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.63	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.08	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.68	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.56	MRK
XOM	0.57	0.59	0.54	0.73	0.16	0.63	-0.08	0.68	0.56		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	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.08	CRM

Vanguard World Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard World 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 World'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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.08	0.14	0.00	(9.00)	1.19	(1.12)	2.40	(2.51)	5.84

Vanguard World Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Vanguard World etf to make a market-neutral strategy. Peer analysis of Vanguard World could also be used in its relative valuation, which is a method of valuing Vanguard World by comparing valuation metrics with similar companies.

Vanguard Funds Public Vanguard Specialized Funds Vanguard World Vanguard Index Funds Vanguard Industrials ETF Vanguard Scottsdale Funds Vanguard Bond Index Vanguard Index Funds Vanguard Scottsdale Funds American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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