Vanguard Correlations
| VUSA Etf | CHF 88.38 1.71 1.97% |
The correlation of Vanguard 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Vanguard SP 500 and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard SP 500 and NYA in the same portfolio, assuming nothing else is changed.
Vanguard |
The ability to find closely correlated positions to Vanguard 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 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 - 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 SP 500 to buy it.
Moving together with Vanguard Etf
| 0.93 | JPNJPA | UBSFund Solutions MSCI | PairCorr |
| 0.82 | CSNKY | iShares VII PLC | PairCorr |
| 0.91 | CSSPX | iShares Core SP | PairCorr |
| 0.94 | LYJPN | Lyxor Japan UCITS | PairCorr |
| 0.87 | EIMI | iShares Core MSCI | PairCorr |
| 0.92 | IUSA | iShares SP 500 | PairCorr |
| 0.95 | MSE | Lyxor UCITS Stoxx | PairCorr |
| 0.95 | IEAC | iShares Core Corp | PairCorr |
| 0.81 | IEMB | iShares JP Morgan | PairCorr |
| 0.91 | IWDC | iShares MSCI World | PairCorr |
| 0.86 | ESGU | Invesco MSCI USA | PairCorr |
| 0.86 | LYAEJ | Lyxor MSCI AC | PairCorr |
| 0.78 | LYLEM | Lyxor MSCI Emerging | PairCorr |
| 0.7 | XSMI | Xtrackers Switzerland | PairCorr |
| 0.67 | LYINR | Lyxor MSCI India | 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 Competition Risk-Adjusted Indicators
There is a big difference between Vanguard Etf performing well and Vanguard 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'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 | 1.87 | 0.12 | 0.06 | 0.16 | 2.30 | 3.27 | 30.88 | |||
| MSFT | 0.98 | (0.07) | (0.05) | 0.01 | 1.15 | 2.11 | 5.31 | |||
| UBER | 1.64 | (0.01) | 0.04 | 0.07 | 1.61 | 2.83 | 18.39 | |||
| F | 1.58 | 0.10 | 0.10 | 0.12 | 1.63 | 4.88 | 9.61 | |||
| T | 0.92 | 0.00 | (0.05) | 0.08 | 1.08 | 1.95 | 5.92 | |||
| A | 1.22 | (0.03) | 0.01 | 0.06 | 1.36 | 2.29 | 6.31 | |||
| CRM | 1.22 | (0.12) | (0.04) | 0.00 | 1.95 | 2.83 | 10.84 | |||
| JPM | 0.80 | 0.10 | 0.08 | 0.16 | 1.25 | 1.94 | 8.65 | |||
| MRK | 0.68 | 0.09 | 0.10 | 0.20 | 0.54 | 1.35 | 6.92 | |||
| XOM | 0.81 | 0.23 | 0.18 | 0.57 | 0.71 | 1.96 | 4.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vanguard 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Already Invested in Vanguard SP 500?
The danger of trading Vanguard SP 500 is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Vanguard is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Vanguard. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanguard SP 500 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Vanguard SP 500 is a strong investment it is important to analyze Vanguard's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vanguard's future performance. For an informed investment choice regarding Vanguard Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard SP 500. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.