Vanguard FTSE Correlations
| VDEV Etf | 117.49 0.55 0.47% |
The current 90-days correlation between Vanguard FTSE Developed and Vanguard USD Corporate is -0.07 (i.e., Good diversification). The correlation of Vanguard FTSE 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 FTSE Correlation With Market
Weak diversification
The correlation between Vanguard FTSE Developed and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE Developed and DJI in the same portfolio, assuming nothing else is changed.
Vanguard |
The ability to find closely correlated positions to Vanguard FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard FTSE 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 Vanguard FTSE - 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 Vanguard FTSE Developed to buy it.
Moving together with Vanguard Etf
| 1.0 | QQQ3 | WisdomTree NASDAQ 100 | PairCorr |
| 0.99 | LQQ3 | WisdomTree NASDAQ 100 | PairCorr |
| 0.98 | XLKQ | Invesco Technology | PairCorr |
| 0.99 | XLKS | Invesco Technology | PairCorr |
| 0.99 | 3LUS | WisdomTree SP 500 | PairCorr |
| 1.0 | 3USL | WisdomTree SP 500 | PairCorr |
| 0.89 | INFU | Lyxor 10Y Inflation | PairCorr |
| 0.99 | TNOW | Lyxor MSCI World | PairCorr |
| 1.0 | XS2D | Xtrackers SP 500 | PairCorr |
| 0.99 | XDWT | Xtrackers MSCI World | PairCorr |
| 0.82 | OIHV | VanEck Oil Services | PairCorr |
| 0.88 | LALU | WisdomTree Aluminium | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Vanguard FTSE Constituents Risk-Adjusted Indicators
There is a big difference between Vanguard Etf performing well and Vanguard FTSE 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 FTSE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VSCA | 0.31 | (0.02) | 0.00 | (0.27) | 0.00 | 0.68 | 1.69 | |||
| VMOM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VAGU | 0.18 | 0.02 | (0.57) | (0.80) | 0.11 | 0.42 | 0.92 | |||
| VDCP | 0.22 | 0.05 | (0.39) | (0.77) | 0.06 | 0.50 | 1.12 | |||
| VMVL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VHYG | 0.42 | 0.11 | (0.03) | 1.26 | 0.05 | 1.04 | 2.79 | |||
| VUSA | 0.67 | 0.15 | 0.08 | 0.56 | 0.47 | 1.67 | 4.93 | |||
| VDEV | 0.51 | 0.19 | 0.15 | 0.88 | 0.00 | 1.76 | 3.33 | |||
| V3SP | 0.22 | 0.04 | (0.34) | 0.76 | 0.00 | 0.53 | 1.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vanguard FTSE 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.Did you try this?
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