Vanguard Correlations

VIOG Etf

USD 117.24 0.90 0.76%

The current 90-days correlation between Vanguard SP Small and First Trust NASDAQ is 0.77 (i.e., Poor diversification). The correlation of Vanguard 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 Correlation With Market

Very poor diversification

The correlation between Vanguard SP Small Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard SP Small Cap 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 SP 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 persons.

Moving together with Vanguard Etf

0.89	VBK	Vanguard Small Cap	Pair Corr
0.97	IWO	iShares Russell 2000	Pair Corr
1.0	IJT	iShares SP Small	Pair Corr
1.0	SLYG	SPDR SP 600	Pair Corr
0.97	VTWG	Vanguard Russell 2000	Pair Corr
0.89	VRTGX	Vanguard Russell 2000	Pair Corr
0.96	DWAS	Invesco DWA SmallCap	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Vanguard Etf

0.34

VIIX

Pair Corr

Related Correlations Analysis

	QCLN	TAN	ICLN	PBD	FAN
QCLN		0.83	0.19	0.96	0.24	QCLN
TAN	0.83		0.51	0.88	0.46	TAN
ICLN	0.19	0.51		0.23	0.89	ICLN
PBD	0.96	0.88	0.23		0.32	PBD
FAN	0.24	0.46	0.89	0.32		FAN
	QCLN	TAN	ICLN	PBD	FAN

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Vanguard Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard 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'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
QCLN	1.98	(0.15)	(0.02)	0.03	2.20	(2.25)	4.21	(3.80)	10.34
TAN	1.77	0.00	0.01	0.11	1.88	(2.09)	4.00	(2.83)	10.41
ICLN	1.09	0.03	0.01	0.14	1.22	(1.24)	2.49	(2.06)	6.63
PBD	1.33	(0.07)	(0.01)	0.06	1.57	(1.42)	2.94	(2.76)	7.02
FAN	0.95	0.04	0.02	0.15	1.05	(1.00)	2.04	(1.82)	5.32

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