Avantis Core Correlations

AVMU Etf

USD 45.86 0.06 0.13%

The current 90-days correlation between Avantis Core Municipal and Ultimus Managers Trust is -0.12 (i.e., Good diversification). The correlation of Avantis Core 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.

Avantis Core Correlation With Market

Average diversification

The correlation between Avantis Core Municipal and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Core Municipal and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avantis Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Core Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Avantis Etf

1.0	MUB	iShares National Muni Sell-off Trend	Pair Corr
1.0	VTEB	Vanguard Tax Exempt Sell-off Trend	Pair Corr
0.98	FMB	First Trust Managed	Pair Corr
0.99	ITM	VanEck Intermediate Muni	Pair Corr
0.99	DFNM	Dimensional ETF Trust	Pair Corr
0.99	MMIT	IQ MacKay Municipal	Pair Corr
0.98	HMOP	Hartford Municipal	Pair Corr
0.99	TAXF	American Century Div	Pair Corr
1.0	JMUB	JPMorgan Municipal	Pair Corr
0.99	MUST	Columbia Multi Sector	Pair Corr
0.87	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.96	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.77	VPU	Vanguard Utilities Index	Pair Corr
1.0	SCMB	Schwab Municipal Bond	Pair Corr
0.85	RFDA	RiverFront Dynamic	Pair Corr
0.8	BKLN	Invesco Senior Loan	Pair Corr
0.89	IXN	iShares Global Tech	Pair Corr
0.91	TSLP	Kurv Yield Premium	Pair Corr
0.65	PDBC	Invesco Optimum Yield	Pair Corr
0.89	VGT	Vanguard Information	Pair Corr
0.94	PULT	Putnam ETF Trust	Pair Corr
0.95	ESGE	iShares ESG Aware	Pair Corr
0.92	HLAL	Wahed FTSE USA	Pair Corr
0.89	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.69	MCHI	iShares MSCI China	Pair Corr
0.92	RAAX	VanEck Inflation All	Pair Corr
0.79	HYG	iShares iBoxx High	Pair Corr
0.89	GLTR	abrdn Physical Precious	Pair Corr
0.88	SGDJ	Sprott Junior Gold	Pair Corr
0.91	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.84	ICLN	iShares Global Clean	Pair Corr
0.87	SLV	iShares Silver Trust	Pair Corr
0.92	PPI	Investment Managers	Pair Corr
0.99	MUNC	Northern Funds	Pair Corr
0.79	XHYT	BondBloxx ETF Trust	Pair Corr
0.94	TAXT	Northern Trust Tax	Pair Corr
0.85	EQTYX	WisdomTree Siegel Global	Pair Corr

Moving against Avantis Etf

0.54

VIXY

ProShares VIX Short Low Volatility

Pair Corr

Related Correlations Analysis

	MDST	ELCV	XTWO	INMU	SVAL	RAAX	ERTH	HDUS	MSFO	WEBL
MDST		0.01	-0.41	-0.37	0.38	-0.28	-0.31	-0.28	-0.45	0.16	MDST
ELCV	0.01		0.66	0.69	0.2	0.8	0.77	0.71	0.62	0.3	ELCV
XTWO	-0.41	0.66		0.96	0.0	0.91	0.8	0.84	0.57	-0.01	XTWO
INMU	-0.37	0.69	0.96		-0.02	0.91	0.85	0.91	0.59	0.02	INMU
SVAL	0.38	0.2	0.0	-0.02		0.04	0.04	0.15	0.02	0.58	SVAL
RAAX	-0.28	0.8	0.91	0.91	0.04		0.87	0.85	0.65	0.05	RAAX
ERTH	-0.31	0.77	0.8	0.85	0.04	0.87		0.93	0.7	-0.04	ERTH
HDUS	-0.28	0.71	0.84	0.91	0.15	0.85	0.93		0.68	0.06	HDUS
MSFO	-0.45	0.62	0.57	0.59	0.02	0.65	0.7	0.68		0.25	MSFO
WEBL	0.16	0.3	-0.01	0.02	0.58	0.05	-0.04	0.06	0.25		WEBL
	MDST	ELCV	XTWO	INMU	SVAL	RAAX	ERTH	HDUS	MSFO	WEBL

Please upgrade your account to get full access to Macroaxis premium features

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

INMU	+ 0.96	XTWO
HDUS	+ 0.93	ERTH
RAAX	+ 0.91	XTWO
RAAX	+ 0.91	INMU
HDUS	+ 0.91	INMU
ERTH	+ 0.87	RAAX

High negative correlations

MSFO	- 0.45	MDST
XTWO	- 0.41	MDST
INMU	- 0.37	MDST
ERTH	- 0.31	MDST
HDUS	- 0.28	MDST
RAAX	- 0.28	MDST

Avantis Core Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis Core 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 Avantis Core'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
MDST	0.53	0.01	(0.01)	0.07	0.65	(0.56)	1.23	(1.17)	3.14
ELCV	0.53	0.00	(0.01)	0.04	0.65	(0.63)	1.06	(1.02)	4.11
XTWO	0.06	0.01	(0.38)	0.48	0.00	(0.07)	0.16	(0.10)	0.35
INMU	0.12	0.04	0.10	3.71	0.00	(0.16)	0.34	(0.17)	0.72
SVAL	0.79	0.00	(0.03)	(0.05)	1.00	(0.91)	1.78	(1.74)	7.38
RAAX	0.55	0.10	0.09	0.69	0.63	(0.60)	1.17	(1.12)	3.41
ERTH	0.80	0.08	0.04	(1.38)	0.99	(0.84)	1.83	(1.62)	7.25
HDUS	0.49	0.04	0.02	1.10	0.65	(0.51)	1.17	(1.02)	3.78
MSFO	0.71	(0.06)	0.00	(0.07)	0.00	0.00	1.50	(1.65)	3.58
WEBL	2.60	(0.28)	0.00	(0.06)	0.00	0.00	5.05	(6.37)	13.92

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC