VanEck Vectors Correlations

SMI Etf

USD 46.38 0.09 0.19%

The current 90-days correlation between VanEck Vectors ETF and Overlay Shares Core is 0.34 (i.e., Weak diversification). The correlation of VanEck Vectors 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.

VanEck Vectors Correlation With Market

Very good diversification

The correlation between VanEck Vectors ETF and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Vectors ETF and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VanEck Vectors ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with VanEck Etf

0.95	TFI	SPDR Nuveen Bloomberg	Pair Corr
0.97	PZA	Invesco National AMT	Pair Corr
0.97	MMIN	IQ MacKay Municipal	Pair Corr
0.96	MLN	VanEck Long Muni	Pair Corr
0.94	RVNU	Xtrackers Municipal	Pair Corr
0.95	FLMB	Franklin Liberty Federal	Pair Corr
0.87	RTAI	Rareview Tax Advantaged	Pair Corr
0.82	OVM	Overlay Shares Municipal	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.73	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.69	PG	Procter Gamble	Pair Corr

Moving against VanEck Etf

0.56	FBGX	UBS	Pair Corr
0.39	MCEF	MCEF	Pair Corr
0.37	USD	ProShares Ultra Semi	Pair Corr
0.33	GBTC	Grayscale Bitcoin Trust Buyout Trend	Pair Corr
0.57	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.33	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	OVB	OVL	OVF	OVS	MMIT
OVB		0.14	0.58	0.06	0.86	OVB
OVL	0.14		0.55	0.8	0.08	OVL
OVF	0.58	0.55		0.58	0.6	OVF
OVS	0.06	0.8	0.58		0.04	OVS
MMIT	0.86	0.08	0.6	0.04		MMIT
	OVB	OVL	OVF	OVS	MMIT

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VanEck Vectors Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Vectors 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 VanEck Vectors' 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
OVB	0.32	(0.02)	(0.26)	0.07	0.46	(0.33)	0.58	(0.66)	3.29
OVL	0.92	(0.01)	0.03	0.15	1.86	(1.00)	1.85	(1.34)	11.96
OVF	0.77	(0.03)	(0.10)	0.11	0.82	(0.90)	1.88	(1.53)	4.48
OVS	0.99	(0.03)	0.04	0.14	0.87	(1.13)	2.41	(1.81)	7.20
MMIT	0.15	0.02	(0.59)	(0.02)	0.19	(0.19)	0.41	(0.29)	1.45

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