VanEck Multi Correlations

NTM Etf

EUR 71.69 0.07 0.1%

The current 90-days correlation between VanEck Multi Asset and VanEck Global Real is -0.09 (i.e., Good diversification). The correlation of VanEck Multi 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.

VanEck Multi Correlation With Market

Significant diversification

The correlation between VanEck Multi Asset Balanced and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Multi Asset Balanced and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VanEck Multi 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 Multi 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 Multi - 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 Multi Asset Balanced to buy it.

Moving together with VanEck Etf

0.63	VUSA	Vanguard SP 500	Pair Corr
0.88	EMIM	iShares Core MSCI	Pair Corr
0.62	IUSA	iShares SP 500	Pair Corr
0.62	IMEU	iShares Core MSCI	Pair Corr
0.62	TSWE	VanEck Sustainable World	Pair Corr
0.9	IAEX	iShares AEX UCITS	Pair Corr
0.92	VERX	Vanguard FTSE Developed	Pair Corr
0.86	EUEA	iShares II Public	Pair Corr
0.93	VEUR	Vanguard FTSE Developed	Pair Corr
0.63	TOF	VanEck Multi Asset	Pair Corr
0.75	IKRA	iShares Public	Pair Corr

Moving against VanEck Etf

0.41

IBGM

iShares Euro Government

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.83	0.8	0.55	0.92	0.22	0.93	0.22	0.52	META
MSFT	0.98		0.86	0.84	0.5	0.86	0.22	0.96	0.27	0.51	MSFT
UBER	0.83	0.86		0.89	0.4	0.79	0.49	0.87	0.23	0.46	UBER
F	0.8	0.84	0.89		0.39	0.81	0.21	0.9	0.41	0.69	F
T	0.55	0.5	0.4	0.39		0.56	0.15	0.48	0.17	0.2	T
A	0.92	0.86	0.79	0.81	0.56		0.19	0.86	0.29	0.64	A
CRM	0.22	0.22	0.49	0.21	0.15	0.19		0.15	-0.28	-0.17	CRM
JPM	0.93	0.96	0.87	0.9	0.48	0.86	0.15		0.32	0.6	JPM
MRK	0.22	0.27	0.23	0.41	0.17	0.29	-0.28	0.32		0.51	MRK
XOM	0.52	0.51	0.46	0.69	0.2	0.64	-0.17	0.6	0.51		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	+ 0.93	META
A	+ 0.92	META
JPM	+ 0.9	F
F	+ 0.89	UBER

High negative correlations

MRK	- 0.28	CRM
XOM	- 0.17	CRM

VanEck Multi Competition Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Multi 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 Multi'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	0.31	0.27	0.41	0.82	(1.80)	3.99	(2.00)	10.48
MSFT	0.86	0.33	0.38	0.59	0.00	(1.06)	2.33	(1.03)	8.85
UBER	1.61	0.18	0.12	0.34	1.40	(2.02)	4.19	(2.54)	10.87
F	1.30	0.17	0.08	0.40	1.40	(1.42)	2.69	(2.33)	7.46
T	1.00	(0.02)	(0.10)	0.10	1.30	(1.05)	2.35	(2.35)	5.71
A	1.50	(0.07)	0.02	0.12	1.79	(1.57)	2.58	(2.89)	14.01
CRM	1.30	(0.15)	(0.04)	0.06	1.69	(1.29)	2.95	(3.19)	9.31
JPM	0.87	0.22	0.18	0.42	0.58	(0.99)	2.25	(1.31)	6.03
MRK	1.38	0.11	(0.06)	(0.10)	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.12	0.04	(0.06)	0.32	1.38	(1.11)	2.40	(2.58)	6.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in VanEck Multi 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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