Avantis Small Correlations

Etfs USA . 
Etf . Avantis Small Cap
AVUV Etf  USD 93.77  0.76  0.80%   
The current 90-days correlation between Avantis Small Cap and Dimensional ETF Trust is 0.51 (i.e., Very weak diversification). The correlation of Avantis Small 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 Small Correlation With Market

Poor diversification

The correlation between Avantis Small Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Avantis Etf

  1.0VBR Vanguard Small CapPairCorr
  0.99IWN iShares Russell 2000PairCorr
  1.0IJJ iShares SP MidPairCorr
  1.0DFAT Dimensional TargetedPairCorr
  1.0IJS iShares SP SmallPairCorr
  1.0SLYV SPDR SP 600PairCorr
  0.99DES WisdomTree SmallCapPairCorr
  1.0MDYV SPDR SP 400PairCorr
  0.99CALF Pacer Small CapPairCorr
  0.98UPRO ProShares UltraPro SP500PairCorr
  0.96QTJA Innovator ETFs TrustPairCorr
  0.94QTOC Innovator ETFs TrustPairCorr
  0.97XTOC Innovator ETFs TrustPairCorr
  0.94QTAP Innovator Growth 100PairCorr
  0.95XTJA Innovator ETFs TrustPairCorr
  0.97XTAP Innovator Equity AccPairCorr
  0.72HIDE Alpha Architect HighPairCorr
  0.84KGRN KraneShares MSCI ChinaPairCorr
  0.82VBF Invesco Van KampenPairCorr
  0.83KWEB KraneShares CSI China Aggressive PushPairCorr
  0.88NFLX Netflix Downward RallyPairCorr
  0.96CGGO Capital Group GlobalPairCorr
  0.95BUFD FT Cboe VestPairCorr
  0.84SPIB SPDR Barclays IntermPairCorr
  0.94PFUT Putnam Sustainable FuturePairCorr
  0.87VABS Virtus Newfleet ABSMBSPairCorr
  0.68EUSB iShares TrustPairCorr
  0.97SRLN SPDR Blackstone SeniorPairCorr

Related Correlations Analysis

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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   
VIOG
+ 1.0
VB
VIOO
+ 1.0
VB
VIOO
+ 1.0
VIOG
VIOO
+ 1.0
VIOV
VIOV
+ 0.99
VB
VTWG
+ 0.99
VB
  
High negative correlations   
RB
- 0.47
DISV
VIOV
- 0.43
RB
MMSC
- 0.43
RB
VIOO
- 0.42
RB
VTWG
- 0.41
RB
DWAS
- 0.41
RB

Avantis Small Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis Small 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 Small'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.

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