Vanguard Materials Correlations

VAW Etf

USD 196.87 3.10 1.55%

The current 90-days correlation between Vanguard Materials Index and Vanguard Industrials Index is 0.11 (i.e., Average diversification). The correlation of Vanguard Materials 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.

Vanguard Materials Correlation With Market

Average diversification

The correlation between Vanguard Materials Index and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Materials Index 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 Vanguard Materials Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vanguard Etf

0.76	XLB	Materials Select Sector	Pair Corr
0.75	FXZ	First Trust Materials	Pair Corr
0.69	URNM	Sprott Uranium Miners	Pair Corr
0.88	IYM	iShares Basic Materials	Pair Corr

Related Correlations Analysis

	VIS	VOX	VCR	VDC	VPU
VIS		0.8	0.76	0.4	0.32	VIS
VOX	0.8		0.96	0.47	-0.06	VOX
VCR	0.76	0.96		0.63	-0.06	VCR
VDC	0.4	0.47	0.63		0.29	VDC
VPU	0.32	-0.06	-0.06	0.29		VPU
	VIS	VOX	VCR	VDC	VPU

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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

VCR	+ 0.96	VOX
VOX	+ 0.8	VIS
VCR	+ 0.76	VIS
VDC	+ 0.63	VCR
VDC	+ 0.47	VOX
VDC	+ 0.4	VIS

High negative correlations

VPU	- 0.06	VCR
VPU	- 0.06	VOX

Vanguard Materials Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Materials 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 Materials' 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
VIS	0.64	0.01	0.03	0.09	0.52	(0.76)	1.76	(1.14)	5.86
VOX	0.63	0.19	0.19	0.42	0.47	(0.71)	1.38	(1.15)	4.52
VCR	0.82	0.23	0.27	0.32	0.45	(1.00)	1.87	(1.49)	4.79
VDC	0.44	(0.01)	(0.14)	0.01	0.51	(0.47)	0.83	(0.91)	2.09
VPU	0.77	(0.04)	0.00	(0.10)	0.00	0.00	1.70	(1.99)	4.65

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