VanEck ETF Correlations

The current 90-days correlation between VanEck ETF Trust and VanEck Morningstar International is 0.53 (i.e., Very weak diversification). The correlation of VanEck ETF 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 ETF Correlation With Market

Good diversification

The correlation between VanEck ETF Trust and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with VanEck Etf

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with VanEck Etf

0.72	VO	Vanguard Mid Cap	Pair Corr
0.81	VXF	Vanguard Extended Market Sell-off Trend	Pair Corr
0.82	IJH	iShares Core SP Sell-off Trend	Pair Corr
0.82	IWR	iShares Russell Mid	Pair Corr
0.82	MDY	SPDR SP MIDCAP	Pair Corr
0.81	FV	First Trust Dorsey	Pair Corr
0.82	IVOO	Vanguard SP Mid	Pair Corr
0.82	JHMM	John Hancock Multifactor	Pair Corr
0.82	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.8	XMMO	Invesco SP MidCap	Pair Corr
0.8	SIXD	AIM ETF Products	Pair Corr
0.68	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.81	CEFD	ETRACS Monthly Pay	Pair Corr
0.75	BUFD	FT Cboe Vest	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.73	MSFT	Microsoft	Pair Corr
0.7	DIS	Walt Disney	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr
0.71	MMM	3M Company	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.73	IBM	International Business Earnings Call This Week	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.76	AXP	American Express	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.66	GE	GE Aerospace Earnings Call This Week	Pair Corr

Moving against VanEck Etf

0.97	VXX	iPath Series B	Pair Corr
0.8	VIXY	ProShares VIX Short	Pair Corr
0.78	YCL	ProShares Ultra Yen	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.52	KO	Coca Cola Earnings Call Tomorrow	Pair Corr
0.4	PG	Procter Gamble	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 ETF Competition Risk-Adjusted Indicators

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

VanEck ETF 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 VanEck ETF etf to make a market-neutral strategy. Peer analysis of VanEck ETF could also be used in its relative valuation, which is a method of valuing VanEck ETF by comparing valuation metrics with similar companies.

VanEck Morningstar International VanEck Vectors ETF VanEck Morningstar Wide VanEck Inflation Allocation Abacus FCF Leaders American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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