Vaneck Vectors Correlations

FLTR Etf

MXN 433.51 0.00 0.00%

The current 90-days correlation between Vaneck Vectors Investment and SPDR SP 500 is -0.11 (i.e., Good diversification). The correlation of Vaneck Vectors 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.

The ability to find closely correlated positions to Vaneck Vectors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vaneck Vectors 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 Vaneck Vectors - 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 Vaneck Vectors Investment to buy it.

Moving together with Vaneck Etf

0.89	IWM	iShares Trust	Pair Corr
0.83	IVV	iShares Trust	Pair Corr
0.69	IYG	iShares Trust	Pair Corr
0.89	IYF	iShares Trust	Pair Corr
0.88	ITA	iShares Trust	Pair Corr
0.77	EWH	iShares iShares	Pair Corr
0.76	EWN	iShares MSCI Netherlands	Pair Corr
0.72	QUAL	iShares Trust	Pair Corr
0.84	MOAT	VanEck Vectors ETF	Pair Corr
0.86	QQQ	Invesco QQQ Trust	Pair Corr
0.62	DIA	SPDR Dow Jones	Pair Corr
0.91	QLD	ProShares Trust	Pair Corr
0.88	MDIV	First Trust ETF	Pair Corr
0.83	VT	Vanguard International	Pair Corr
0.87	IVW	iShares Trust	Pair Corr
0.89	IEMG	iShares Core MSCI	Pair Corr
0.68	VEA	Vanguard Tax Managed	Pair Corr
0.9	VGT	Vanguard World	Pair Corr
0.7	HEZU	iShares Trust	Pair Corr
0.83	SPY	SPDR SP 500	Pair Corr
0.71	FDT	First Trust Developed	Pair Corr
0.8	XLI	Select Sector	Pair Corr
0.74	MILN	Global X Funds	Pair Corr
0.85	VTI	Vanguard Index Funds	Pair Corr
0.63	VCR	Vanguard World	Pair Corr
0.76	WOOD	iShares Global Timber	Pair Corr
0.82	EEM	iShares MSCI Emerging	Pair Corr
0.75	VTV	Vanguard Index Funds	Pair Corr

Moving against Vaneck Etf

0.91	SHV	iShares Trust	Pair Corr
0.89	IYR	iShares Trust	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	0.56	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.55	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.5	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.72	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.22	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.67	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.11	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.64	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.55	MRK
XOM	0.56	0.55	0.5	0.72	0.22	0.67	-0.11	0.64	0.55		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	- 0.11	CRM

Vaneck Vectors Competition Risk-Adjusted Indicators

There is a big difference between Vaneck Etf performing well and Vaneck Vectors 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 Vectors' 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	1.13	0.05	(0.04)	0.41	1.36	(1.15)	2.40	(2.58)	5.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vaneck Vectors without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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