Avantis Core Correlations

AVIG Etf

USD 42.03 0.03 0.07%

The current 90-days correlation between Avantis Core Fixed and Pacer Developed Markets is 0.23 (i.e., Modest diversification). The correlation of Avantis Core 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.

Avantis Core Correlation With Market

Poor diversification

The correlation between Avantis Core Fixed and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Core Fixed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avantis Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Core Fixed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Avantis Etf

0.96	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.97	AGG	iShares Core Aggregate Sell-off Trend	Pair Corr
0.89	BIV	Vanguard Intermediate Sell-off Trend	Pair Corr
0.97	SPAB	SPDR Portfolio Aggregate	Pair Corr
0.97	EAGG	iShares ESG Aggregate	Pair Corr
0.97	FLCB	Franklin Templeton ETF	Pair Corr
0.96	UITB	VictoryShares USAA Core	Pair Corr
0.99	DFCF	Dimensional ETF Trust	Pair Corr
0.96	JAGG	JPMorgan BetaBuilders	Pair Corr
0.93	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.75	EMCB	WisdomTree Emerging	Pair Corr
0.62	PCY	Invesco Emerging Markets	Pair Corr
0.69	WIP	SPDR FTSE International	Pair Corr
0.63	ISHG	iShares 1 3	Pair Corr
0.75	SCZ	iShares MSCI EAFE	Pair Corr
0.81	QWLD	SPDR MSCI World	Pair Corr
0.84	IBTI	iShares iBonds Dec	Pair Corr
0.68	SGDM	Sprott Gold Miners	Pair Corr
0.78	APRB	Aptus April Buffer	Pair Corr
0.74	FIVA	Fidelity International	Pair Corr
0.74	DXIV	Dimensional ETF Trust	Pair Corr
0.8	RCGE	RockCreek Global Equality	Pair Corr
0.67	OEFA	ALPS ETF Trust Symbol Change	Pair Corr
0.79	DDLS	WisdomTree Dynamic	Pair Corr
0.7	HAWX	iShares Currency Hedged	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.16	-0.03	0.2	0.05	-0.35	0.25	0.14	0.04	0.16	META
MSFT	0.16		0.74	-0.55	0.28	0.35	0.44	-0.02	-0.8	-0.72	MSFT
UBER	-0.03	0.74		-0.48	0.33	0.52	0.1	-0.2	-0.8	-0.53	UBER
F	0.2	-0.55	-0.48		-0.52	-0.28	0.0	0.4	0.7	0.66	F
T	0.05	0.28	0.33	-0.52		0.46	-0.25	-0.27	-0.37	-0.38	T
A	-0.35	0.35	0.52	-0.28	0.46		-0.07	-0.06	-0.33	-0.56	A
CRM	0.25	0.44	0.1	0.0	-0.25	-0.07		0.69	-0.15	-0.5	CRM
JPM	0.14	-0.02	-0.2	0.4	-0.27	-0.06	0.69		0.29	-0.13	JPM
MRK	0.04	-0.8	-0.8	0.7	-0.37	-0.33	-0.15	0.29		0.68	MRK
XOM	0.16	-0.72	-0.53	0.66	-0.38	-0.56	-0.5	-0.13	0.68		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

UBER	+ 0.74	MSFT
MRK	+ 0.7	F
JPM	+ 0.69	CRM
XOM	+ 0.68	MRK
XOM	+ 0.66	F
A	+ 0.52	UBER

High negative correlations

MRK	- 0.8	UBER
MRK	- 0.8	MSFT
XOM	- 0.72	MSFT
XOM	- 0.56	A
F	- 0.55	MSFT
XOM	- 0.53	UBER

Avantis Core Competition Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis Core 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 Avantis Core'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
META	1.61	(0.08)	0.00	(0.04)	0.00	0.00	3.43	(2.72)	11.42
MSFT	1.23	(0.32)	0.00	(1.41)	0.00	0.00	1.85	(2.70)	13.28
UBER	1.46	(0.30)	0.00	(0.36)	0.00	0.00	2.46	(3.82)	10.23
F	1.24	0.05	0.04	0.08	1.23	(1.46)	3.38	(2.35)	7.16
T	0.96	0.05	0.02	0.23	1.04	(1.03)	1.85	(1.85)	3.77
A	1.19	(0.18)	0.00	(0.10)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.54	(0.30)	0.00	(0.25)	0.00	0.00	2.94	(4.26)	12.37
JPM	1.09	(0.03)	(0.01)	0.01	1.67	(1.09)	1.88	(3.11)	7.38
MRK	1.28	0.33	0.24	0.50	1.13	(1.56)	3.59	(1.98)	8.09
XOM	1.08	0.31	0.23	3.83	0.95	(1.26)	2.38	(1.51)	5.82

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

2026 Macroaxis LLC