Vanguard Dividend Correlations

VIG Etf

USD 198.64 0.83 0.42%

The current 90-days correlation between Vanguard Dividend and Franklin Templeton ETF is 0.24 (i.e., Modest diversification). The correlation of Vanguard Dividend 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.

Vanguard Dividend Correlation With Market

Almost no diversification

The correlation between Vanguard Dividend Appreciation and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Dividend Appreciation 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 Dividend Appreciation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Vanguard Etf

0.93	VTI	Vanguard Total Stock	Pair Corr
0.94	SPY	SPDR SP 500	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.93	VV	Vanguard Large Cap	Pair Corr
0.98	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.93	IWB	iShares Russell 1000	Pair Corr
0.94	ESGU	iShares ESG Aware	Pair Corr
0.93	DFAC	Dimensional Core Equity	Pair Corr
0.94	SPLG	SPDR Portfolio SP	Pair Corr
0.99	VTV	Vanguard Value Index	Pair Corr
0.86	VUG	Vanguard Growth Index	Pair Corr
0.94	VO	Vanguard Mid Cap	Pair Corr
0.9	VB	Vanguard Small Cap	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr
0.84	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	WMT	Walmart Aggressive Push	Pair Corr
0.71	MCD	McDonalds Sell-off Trend	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.66	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.85	HD	Home Depot	Pair Corr
0.92	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Vanguard Etf

0.48	BND	Vanguard Total Bond	Pair Corr
0.62	MRK	Merck Company Sell-off Trend	Pair Corr
0.46	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.45	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.34	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL
DIEM		0.48	0.42	0.23	0.49	0.57	0.54	0.48	0.55	DIEM
DIVD	0.48		0.0	0.79	-0.05	0.11	0.26	0.58	0.3	DIVD
DIVG	0.42	0.0		-0.54	0.96	0.96	0.95	0.52	0.83	DIVG
DIVI	0.23	0.79	-0.54		-0.58	-0.43	-0.31	0.16	-0.17	DIVI
DIVL	0.49	-0.05	0.96	-0.58		0.95	0.9	0.46	0.81	DIVL
DIVO	0.57	0.11	0.96	-0.43	0.95		0.93	0.58	0.89	DIVO
DIVP	0.54	0.26	0.95	-0.31	0.9	0.93		0.69	0.84	DIVP
DIVY	0.48	0.58	0.52	0.16	0.46	0.58	0.69		0.61	DIVY
MDPL	0.55	0.3	0.83	-0.17	0.81	0.89	0.84	0.61		MDPL
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL

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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

DIVL	+ 0.96	DIVG
DIVO	+ 0.96	DIVG
DIVP	+ 0.95	DIVG
DIVO	+ 0.95	DIVL
DIVP	+ 0.93	DIVO
DIVP	+ 0.9	DIVL

High negative correlations

DIVL	- 0.58	DIVI
DIVI	- 0.54	DIVG
DIVO	- 0.43	DIVI
DIVP	- 0.31	DIVI
MDPL	- 0.17	DIVI
DIVL	- 0.05	DIVD

Vanguard Dividend Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Dividend 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 Dividend'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
DIEM	0.90	(0.04)	(0.07)	0.00	1.19	(0.91)	1.97	(2.01)	7.08
DIVD	0.49	(0.07)	0.00	(0.05)	0.00	0.00	0.95	(0.98)	2.80
DIVG	0.48	0.03	0.01	0.13	0.41	(0.52)	1.10	(0.86)	3.07
DIVI	0.67	(0.13)	0.00	(0.22)	0.00	0.00	1.41	(1.58)	3.95
DIVL	0.48	0.03	0.01	0.12	0.40	(0.55)	1.10	(0.85)	2.87
DIVO	0.45	0.02	0.00	0.10	0.30	(0.52)	1.17	(0.67)	3.12
DIVP	0.42	0.00	(0.07)	0.07	0.41	(0.47)	0.88	(0.72)	2.31
DIVY	0.57	0.02	(0.10)	(0.56)	0.56	(0.71)	1.17	(0.90)	3.79
MDPL	0.55	(0.04)	(0.08)	0.03	0.58	(0.67)	1.02	(1.01)	4.79

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