Vanguard Mega Correlations

MGC Etf

USD 228.37 0.26 0.11%

The current 90-days correlation between Vanguard Mega Cap and Vanguard Mega Cap is 0.8 (i.e., Very poor diversification). The correlation of Vanguard Mega 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.

Vanguard Mega Correlation With Market

Good diversification

The correlation between Vanguard Mega Cap and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Mega Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vanguard Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Vanguard Mega Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Vanguard Etf

0.76	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.76	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.76	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.84	VIG	Vanguard Dividend	Pair Corr
0.85	VV	Vanguard Large Cap	Pair Corr
0.84	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.84	IWB	iShares Russell 1000	Pair Corr
0.85	ESGU	iShares ESG Aware	Pair Corr
0.75	DFAC	Dimensional Core Equity Sell-off Trend	Pair Corr
0.84	SPLG	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.76	VTV	Vanguard Value Index	Pair Corr
0.75	VUG	Vanguard Growth Index	Pair Corr
0.72	VO	Vanguard Mid Cap	Pair Corr
0.66	VEA	Vanguard FTSE Developed	Pair Corr
0.72	VB	Vanguard Small Cap	Pair Corr
0.67	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.78	BUFD	FT Cboe Vest	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.65	PFE	Pfizer Inc	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr
0.63	INTC	Intel Earnings Call This Week	Pair Corr

Moving against Vanguard Etf

0.62	MCD	McDonalds	Pair Corr
0.35	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	MGV	MGK	VV	VOT	VOX
MGV		0.81	0.82	0.81	0.83	MGV
MGK	0.81		1.0	0.99	0.99	MGK
VV	0.82	1.0		1.0	0.99	VV
VOT	0.81	0.99	1.0		0.99	VOT
VOX	0.83	0.99	0.99	0.99		VOX
	MGV	MGK	VV	VOT	VOX

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Vanguard Mega Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Mega 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 Mega'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
MGV	0.56	0.19	0.06	(1.12)	0.37	(0.64)	1.47	(0.76)	4.01
MGK	0.80	0.34	0.44	0.55	0.00	(1.03)	2.54	(1.05)	5.86
VV	0.62	0.23	0.31	0.44	0.00	(0.79)	1.98	(0.85)	4.98
VOT	0.71	0.29	0.33	0.52	0.00	(0.87)	2.09	(0.85)	5.49
VOX	0.77	0.28	0.41	0.55	0.00	(1.01)	2.08	(0.78)	4.16

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