Vanguard FTSE Correlations

Etfs . Canada . 
Etf . Vanguard FTSE Developed
VEF Etf  CAD 64.19  0.23  0.36%   
The current 90-days correlation between Vanguard FTSE Developed and Vanguard Total Market is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard FTSE Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard FTSE Correlation With Market

Average diversification

The correlation between Vanguard FTSE Developed and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE Developed and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vanguard FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard FTSE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vanguard FTSE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vanguard FTSE Developed to buy it.

Moving together with Vanguard Etf

  0.7XEF iShares Core MSCIPairCorr
  0.73ZEA BMO MSCI EAFEPairCorr
  0.73VIU Vanguard FTSE DevelopedPairCorr
  0.72XIN iShares MSCI EAFEPairCorr
  0.99XFH iShares Core MSCIPairCorr
  0.7ZDM BMO MSCI EAFEPairCorr
  0.89WSRD Wealthsimple DevelopedPairCorr
  0.73VDU Vanguard FTSE DevelopedPairCorr
  0.71JAPN CI WisdomTree JapanPairCorr
  0.96FCUV Fidelity Value ETFPairCorr
  0.66DXF Dynamic Active GlobalPairCorr
  0.65ZWP BMO Europe HighPairCorr
  0.66BDIV Brompton Global DividendPairCorr
  0.67DISC BMO Global ConsumerPairCorr
  0.91HEB Hamilton Canadian BankPairCorr
  0.74ETHX-B CI Galaxy EthereumPairCorr
  0.89CGLO CIBC Global GrowthPairCorr
  0.71DCBC Desjardins CanadianPairCorr
  0.78HERO Evolve E GamingPairCorr
  0.95PSA Purpose High InterestPairCorr
  0.98RID RBC Quant EAFEPairCorr
  0.9CGXF CI Gold GiantsPairCorr
  0.86MUMC Manulife Multifactor MidPairCorr
  0.78CGL-C iShares Gold BullionPairCorr
  0.96FCRR Fidelity Dividend forPairCorr
  0.61CAGG CI Canadian AggregatePairCorr
  0.97RUDH RBC Quant DividendPairCorr
  0.98RUD RBC Quant DividendPairCorr
  0.75XPF iShares SPTSX NorthPairCorr
  0.87GDXU BetaPro Canadian GoldPairCorr

Related Correlations Analysis


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

F
+ 0.71
UBER
A
+ 0.68
T
XOM
+ 0.66
A
A
+ 0.64
F
JPM
+ 0.63
A
XOM
+ 0.62
F
  

High negative correlations

CRM
- 0.8
META
CRM
- 0.53
MSFT
CRM
- 0.52
T
JPM
- 0.41
CRM
CRM
- 0.38
F
A
- 0.36
MSFT

Vanguard FTSE Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard FTSE 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 FTSE'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.23  0.02 (0.02) 0.13  1.31 
(1.41)
 2.46 
(2.27)
 14.28 
MSFT  0.73  0.02 (0.05) 0.17  0.80 
(0.80)
 1.77 
(1.47)
 6.50 
UBER  1.39  0.10  0.01  0.48  1.67 
(1.45)
 3.26 
(2.30)
 8.86 
F  1.13  0.09  0.09  0.17  1.16 
(1.24)
 3.36 
(1.83)
 7.46 
T  0.76  0.02 (0.07) 0.25  0.99 
(0.76)
 1.80 
(1.96)
 5.41 
A  1.38 (0.11)(0.02) 0.04  1.67 
(1.41)
 2.82 
(2.60)
 8.31 
CRM  1.28 (0.24) 0.00 (0.14) 0.00 
 0.00 
 2.32 
(3.25)
 8.74 
JPM  0.79  0.06  0.05  0.16  0.98 
(0.82)
 1.69 
(1.51)
 5.01 
MRK  1.14 (0.11)(0.07)(0.01) 1.57 
(1.08)
 2.90 
(2.57)
 7.78 
XOM  0.92  0.10  0.02  0.42  1.22 
(0.92)
 1.72 
(2.07)
 6.25 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vanguard FTSE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Money Flow Index Now

   

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators
All  Next Launch Module
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY