Vanguard Long Correlations

VCLT Etf

USD 74.34 0.11 0.15%

The current 90-days correlation between Vanguard Long Term and Vanguard Intermediate Term Corporate is 0.92 (i.e., Almost no diversification). The correlation of Vanguard Long 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.

Vanguard Long Correlation With Market

Very weak diversification

The correlation between Vanguard Long Term Corporate and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Long Term Corporate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vanguard Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Long Term Corporate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Vanguard Etf

0.75	BLV	Vanguard Long Term	Pair Corr
0.85	IGLB	iShares 10 Year	Pair Corr
0.85	SPLB	SPDR Barclays Long	Pair Corr
0.82	FFIU	Fieldstone UVA Uncon	Pair Corr
0.86	LKOR	FlexShares Credit	Pair Corr
0.62	DFEN	Direxion Daily Aerospace	Pair Corr
0.7	VYMI	Vanguard International	Pair Corr
0.79	FXED	Tidal ETF Trust	Pair Corr
0.63	DECW	AIM ETF Products	Pair Corr
0.61	VFVA	Vanguard Value Factor	Pair Corr
0.63	SAUG	First Trust Exchange	Pair Corr
0.93	SPIB	SPDR Barclays Interm	Pair Corr
0.93	HIDE	Alpha Architect High	Pair Corr
0.61	CERY	SPDR Series Trust	Pair Corr
0.97	FCOR	Fidelity Corporate Bond	Pair Corr
0.66	DFAS	Dimensional Small Cap	Pair Corr
0.74	VSS	Vanguard FTSE All	Pair Corr
0.97	EUSB	iShares Trust	Pair Corr
0.71	DFEV	Dimensional ETF Trust	Pair Corr
0.69	CPSD	Calamos ETF Trust	Pair Corr
0.72	DCPE	DoubleLine Shiller CAPE	Pair Corr
0.67	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.73	SOXX	iShares Semiconductor ETF	Pair Corr
0.67	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.66	PALL	abrdn Physical Palladium	Pair Corr
0.69	CGGO	Capital Group Global	Pair Corr
0.81	VBF	Invesco Van Kampen	Pair Corr
0.66	QTOC	Innovator ETFs Trust	Pair Corr
0.7	EFAA	Invesco Actively Managed	Pair Corr

Moving against Vanguard Etf

0.56

WTID

UBS ETRACS

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

Vanguard Long Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Long 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 Long'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

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