Vanguard Germany Correlations

VGER Etf

30.21 0.01 0.03%

The current 90-days correlation between Vanguard Germany All and WisdomTree NASDAQ 100 is 0.54 (i.e., Very weak diversification). The correlation of Vanguard Germany 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 Germany Correlation With Market

Modest diversification

The correlation between Vanguard Germany All and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Germany All and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard Germany 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 Germany 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 Germany - 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 Germany All to buy it.

Moving together with Vanguard Etf

0.83	QQQ3	WisdomTree NASDAQ 100	Pair Corr
0.83	LQQ3	WisdomTree NASDAQ 100	Pair Corr
0.81	XLKQ	Invesco Technology	Pair Corr
0.81	XLKS	Invesco Technology	Pair Corr
0.83	3LUS	WisdomTree SP 500	Pair Corr
0.82	3USL	WisdomTree SP 500	Pair Corr
0.82	INFU	Lyxor 10Y Inflation	Pair Corr
0.81	TNOW	Lyxor MSCI World	Pair Corr
0.82	XS2D	Xtrackers SP 500	Pair Corr
0.81	XDWT	Xtrackers MSCI World	Pair Corr
0.68	FVUB	Franklin FTSE Brazil	Pair Corr
0.82	XMAF	Xtrackers MSCI Africa	Pair Corr
0.81	NXTU	FIRST TRUST INDXX	Pair Corr
0.72	3LVP	GraniteShares 3x Long	Pair Corr
0.77	SMGB	VanEck Semiconductor	Pair Corr
0.68	D28G	ISHARES V PLC	Pair Corr
0.76	MCHS	Invesco MSCI China	Pair Corr
0.77	GCOW	Pacer Global Cash	Pair Corr
0.74	COPP	HANETF ICAV SPROTT	Pair Corr
0.8	CP9U	Amundi MSCI Pacific	Pair Corr
0.85	XCTU	Xtrackers MSCI Japan	Pair Corr
0.91	IQSS	INVESCO MARKETS II	Pair Corr
0.86	VHYG	Vanguard FTSE All	Pair Corr
0.74	NVD2	Leverage Shares 2x	Pair Corr
0.77	CNEG	Amundi MSCI China	Pair Corr
0.62	FLRK	Franklin FTSE Korea	Pair Corr
0.83	DFNG	VanEck Defense ETF	Pair Corr
0.9	VWCG	Vanguard FTSE Developed	Pair Corr
0.79	STHE	PIMCO Short Term	Pair Corr
0.82	EEJG	iShares MSCI Japan	Pair Corr
0.84	SPQH	Global X SP	Pair Corr
0.71	TSM3	Leverage Shares 3x	Pair Corr
0.86	PSRU	PowerShares FTSE RAFI	Pair Corr

Related Correlations Analysis

	QQQ3	LQQ3	XLKQ	XLKS	3LUS	3USL	GXLK	INFU	TNOW	XS2D
QQQ3		1.0	0.99	1.0	0.99	1.0	0.0	0.9	1.0	1.0	QQQ3
LQQ3	1.0		0.99	1.0	1.0	1.0	0.0	0.91	1.0	1.0	LQQ3
XLKQ	0.99	0.99		1.0	1.0	0.99	0.0	0.92	1.0	0.99	XLKQ
XLKS	1.0	1.0	1.0		0.99	1.0	0.0	0.9	1.0	1.0	XLKS
3LUS	0.99	1.0	1.0	0.99		1.0	0.0	0.91	1.0	1.0	3LUS
3USL	1.0	1.0	0.99	1.0	1.0		0.0	0.9	1.0	1.0	3USL
GXLK	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GXLK
INFU	0.9	0.91	0.92	0.9	0.91	0.9	0.0		0.9	0.9	INFU
TNOW	1.0	1.0	1.0	1.0	1.0	1.0	0.0	0.9		1.0	TNOW
XS2D	1.0	1.0	0.99	1.0	1.0	1.0	0.0	0.9	1.0		XS2D
	QQQ3	LQQ3	XLKQ	XLKS	3LUS	3USL	GXLK	INFU	TNOW	XS2D

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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

LQQ3	+ 1.0	QQQ3
XLKS	+ 1.0	QQQ3
3USL	+ 1.0	QQQ3
TNOW	+ 1.0	QQQ3
XS2D	+ 1.0	QQQ3
XLKS	+ 1.0	LQQ3

High negative correlations

XS2D	- 0.0	GXLK
TNOW	- 0.0	GXLK
INFU	- 0.0	GXLK
GXLK	- 0.0	3USL
GXLK	- 0.0	3LUS
GXLK	- 0.0	XLKS

Vanguard Germany Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Germany 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 Germany'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
QQQ3	2.35	0.72	0.29	0.72	1.85	(2.70)	6.85	(4.39)	15.16
LQQ3	2.35	0.69	0.28	0.69	1.78	(2.66)	6.45	(4.06)	15.11
XLKQ	1.06	0.31	0.23	0.65	0.71	(1.32)	2.80	(1.61)	7.35
XLKS	1.03	0.34	0.28	0.72	0.52	(1.27)	3.04	(1.43)	6.45
3LUS	1.77	0.49	0.24	0.60	1.50	(2.01)	5.00	(3.01)	13.37
3USL	1.75	0.51	0.23	0.63	1.42	(1.88)	5.33	(3.06)	12.77
GXLK	0.98	0.51	0.44	(8.09)	0.00	(1.23)	2.69	(1.27)	7.05
INFU	0.14	0.03	(0.63)	10.44	0.00	(0.15)	0.32	(0.23)	0.96
TNOW	1.01	0.32	0.27	0.71	0.51	(1.31)	2.97	(1.47)	6.28
XS2D	1.20	0.36	0.22	0.69	0.83	(1.29)	3.36	(2.00)	8.02

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Our tools can tell you how much better you can do entering a position in Vanguard Germany 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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