VanEck Video Correlations

ESPO Etf

USD 109.17 0.08 0.07%

The current 90-days correlation between VanEck Video Gaming and Fidelity MSCI Materials is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Video moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Video Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Video Correlation With Market

Poor diversification

The correlation between VanEck Video Gaming and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Video Gaming and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VanEck Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in VanEck Video Gaming. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with VanEck Etf

0.79	XLC	Communication Services	Pair Corr
0.99	HERO	Global X Video	Pair Corr
0.96	SOCL	Global X Social	Pair Corr
0.9	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.75	NFLX	Netflix	Pair Corr
0.67	EMC	Global X Funds	Pair Corr
0.9	FRHC	Freedom Holding Corp	Pair Corr
0.62	MSFT	Microsoft	Pair Corr
0.79	BA	Boeing	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.66	T	ATT Inc	Pair Corr

Moving against VanEck Etf

0.68	DRV	Direxion Daily Real	Pair Corr
0.57	XHYH	BondBloxx ETF Trust	Pair Corr
0.4	REMX	VanEck Rare EarthStr	Pair Corr
0.87	KO	Coca Cola	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.73	MMM	3M Company	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.65	SRLN	SPDR Blackstone Senior	Pair Corr
0.64	AXP	American Express	Pair Corr
0.63	DRAI	Draco Evolution AI	Pair Corr
0.62	IBM	International Business Sell-off Trend	Pair Corr
0.48	BAC	Bank of America	Pair Corr
0.45	TRV	The Travelers Companies	Pair Corr
0.31	PFE	Pfizer Inc	Pair Corr
0.31	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	FMAT	NXTG	DFEB	DJUL	WWJD	GMF	EMQQ	GVIP	GMAR	NUMV
FMAT		-0.25	-0.31	-0.22	-0.05	-0.19	0.5	0.08	-0.37	0.29	FMAT
NXTG	-0.25		0.79	0.85	0.82	0.89	0.07	0.79	0.74	0.47	NXTG
DFEB	-0.31	0.79		0.98	0.83	0.69	-0.25	0.65	0.98	0.69	DFEB
DJUL	-0.22	0.85	0.98		0.86	0.77	-0.1	0.75	0.95	0.71	DJUL
WWJD	-0.05	0.82	0.83	0.86		0.79	-0.01	0.68	0.8	0.75	WWJD
GMF	-0.19	0.89	0.69	0.77	0.79		0.33	0.87	0.62	0.4	GMF
EMQQ	0.5	0.07	-0.25	-0.1	-0.01	0.33		0.5	-0.37	-0.02	EMQQ
GVIP	0.08	0.79	0.65	0.75	0.68	0.87	0.5		0.54	0.51	GVIP
GMAR	-0.37	0.74	0.98	0.95	0.8	0.62	-0.37	0.54		0.68	GMAR
NUMV	0.29	0.47	0.69	0.71	0.75	0.4	-0.02	0.51	0.68		NUMV
	FMAT	NXTG	DFEB	DJUL	WWJD	GMF	EMQQ	GVIP	GMAR	NUMV

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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

DJUL	+ 0.98	DFEB
GMAR	+ 0.98	DFEB
GMAR	+ 0.95	DJUL
GMF	+ 0.89	NXTG
GVIP	+ 0.87	GMF
WWJD	+ 0.86	DJUL

High negative correlations

GMAR	- 0.37	EMQQ
GMAR	- 0.37	FMAT
DFEB	- 0.31	FMAT
EMQQ	- 0.25	DFEB
NXTG	- 0.25	FMAT
DJUL	- 0.22	FMAT

VanEck Video Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Video 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 Video'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
FMAT	0.80	(0.10)	0.00	(0.04)	0.00	0.00	1.64	(1.55)	4.01
NXTG	0.75	0.07	0.06	0.13	0.95	(0.77)	1.60	(1.86)	4.86
DFEB	0.22	0.01	(0.08)	0.11	0.24	(0.22)	0.54	(0.47)	1.48
DJUL	0.21	0.01	(0.11)	0.08	0.23	(0.22)	0.45	(0.45)	1.44
WWJD	0.52	0.00	(0.03)	0.07	0.63	(0.51)	1.00	(1.20)	2.79
GMF	0.66	0.05	0.03	0.15	0.79	(0.71)	1.25	(1.10)	4.87
EMQQ	0.88	(0.10)	0.00	(0.03)	0.00	0.00	1.88	(1.61)	5.97
GVIP	0.82	0.02	0.02	0.09	1.11	(0.83)	1.97	(1.85)	5.15
GMAR	0.14	0.01	(0.19)	0.10	0.07	(0.16)	0.30	(0.27)	1.00
NUMV	0.58	(0.02)	(0.04)	0.04	0.71	(0.56)	1.08	(1.13)	3.58

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