Vanguard Emerging Correlations

VWOB Etf

USD 65.23 0.04 0.06%

The current 90-days correlation between Vanguard Emerging Markets and Vanguard Total International is 0.49 (i.e., Very weak diversification). The correlation of Vanguard Emerging 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.

Vanguard Emerging Correlation With Market

Very weak diversification

The correlation between Vanguard Emerging Markets and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Emerging Markets. 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 Vanguard Etf

1.0	EMB	iShares JP Morgan	Pair Corr
0.99	PCY	Invesco Emerging Markets	Pair Corr
0.96	HYEM	VanEck Emerging Markets	Pair Corr
0.99	EMHY	iShares JP Morgan	Pair Corr
0.99	CEMB	iShares JP Morgan	Pair Corr
0.97	XEMD	Bondbloxx ETF Trust	Pair Corr
1.0	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.98	EMBD	Global X Emerging	Pair Corr
0.98	EMTL	SPDR DoubleLine Emerging	Pair Corr
1.0	JPMB	JPMorgan USD Emerging	Pair Corr
0.72	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.93	USD	ProShares Ultra Semi	Pair Corr
0.92	FNGO	MicroSectors FANG Index	Pair Corr
0.7	BITO	ProShares Bitcoin	Pair Corr
0.8	NRGU	Bank of Montreal	Pair Corr
0.9	DFEN	Direxion Daily Aerospace	Pair Corr
0.93	FNGG	Direxion Daily Select	Pair Corr
0.85	BITS	Global X Blockchain	Pair Corr
0.87	CRPT	First Trust SkyBridge	Pair Corr
0.91	BULZ	MicroSectors Solactive	Pair Corr
0.92	IXP	iShares Global Comm	Pair Corr
0.85	SSDRF	SSgA SPDR ETFs	Pair Corr
0.91	IUSG	iShares Core SP	Pair Corr
0.87	EWQ	iShares MSCI France	Pair Corr
1.0	GEMD	Goldman Sachs ETF	Pair Corr
0.92	VOO	Vanguard SP 500	Pair Corr
0.63	GRW	TCW Compounders ETF	Pair Corr
0.97	MPRO	Northern Lights	Pair Corr
0.92	VGT	Vanguard Information	Pair Corr
0.87	FXR	First Trust Industri	Pair Corr
0.91	SPGP	Invesco SP 500	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.82	0.39	0.56	0.92	0.17	0.93	0.21	0.51	META
MSFT	0.97		0.84	0.42	0.51	0.86	0.17	0.95	0.23	0.5	MSFT
UBER	0.82	0.84		0.51	0.41	0.78	0.46	0.85	0.18	0.44	UBER
F	0.39	0.42	0.51		0.15	0.47	-0.29	0.58	0.34	0.63	F
T	0.56	0.51	0.41	0.15		0.63	0.11	0.46	0.35	0.27	T
A	0.92	0.86	0.78	0.47	0.63		0.15	0.86	0.36	0.63	A
CRM	0.17	0.17	0.46	-0.29	0.11	0.15		0.09	-0.33	-0.21	CRM
JPM	0.93	0.95	0.85	0.58	0.46	0.86	0.09		0.32	0.59	JPM
MRK	0.21	0.23	0.18	0.34	0.35	0.36	-0.33	0.32		0.54	MRK
XOM	0.51	0.5	0.44	0.63	0.27	0.63	-0.21	0.59	0.54		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	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.93	META
A	+ 0.92	META
A	+ 0.86	MSFT
JPM	+ 0.86	A

High negative correlations

MRK	- 0.33	CRM
CRM	- 0.29	F
XOM	- 0.21	CRM

Vanguard Emerging Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Emerging 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 Emerging'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	1.47	0.27	0.25	0.41	0.82	(1.79)	3.99	(2.00)	10.48
MSFT	0.84	0.33	0.36	0.63	0.00	(1.04)	2.33	(1.03)	8.85
UBER	1.60	0.05	0.05	0.25	1.44	(1.99)	4.19	(2.54)	10.87
F	1.26	0.10	0.01	0.37	1.42	(1.34)	2.63	(2.33)	7.46
T	1.00	(0.02)	(0.12)	0.14	1.30	(1.05)	2.35	(2.35)	5.71
A	1.53	(0.10)	0.02	0.14	1.77	(1.61)	2.82	(2.89)	14.01
CRM	1.30	(0.17)	(0.04)	0.09	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.88	0.19	0.16	0.40	0.54	(1.01)	2.25	(1.31)	6.03
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
XOM	1.10	(0.01)	(0.10)	0.16	1.39	(1.07)	2.18	(2.58)	6.28

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