Avantis Equity Correlations

AVUS Etf

USD 101.07 0.77 0.77%

The current 90-days correlation between Avantis Equity ETF and Avantis International Equity is 0.21 (i.e., Modest diversification). The correlation of Avantis Equity 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.

Avantis Equity Correlation With Market

Significant diversification

The correlation between Avantis Equity ETF and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Equity ETF and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis Equity ETF. 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

0.9	VTI	Vanguard Total Stock	Pair Corr
0.87	SPY	SPDR SP 500	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.84	VIG	Vanguard Dividend	Pair Corr
0.94	VV	Vanguard Large Cap	Pair Corr
0.83	RSP	Invesco SP 500	Pair Corr
0.96	IWB	iShares Russell 1000	Pair Corr
0.88	ESGU	iShares ESG Aware	Pair Corr
0.98	DFAC	Dimensional Core Equity	Pair Corr
0.94	SPLG	SPDR Portfolio SP	Pair Corr
0.95	UPRO	ProShares UltraPro SP500	Pair Corr
0.72	QTOC	Innovator ETFs Trust	Pair Corr
0.89	XTOC	Innovator ETFs Trust	Pair Corr
0.64	QTAP	Innovator Growth 100	Pair Corr
0.7	XTAP	Innovator Equity Acc	Pair Corr
0.65	IBM	International Business Tech Boost	Pair Corr
0.67	T	ATT Inc Earnings Call This Week	Pair Corr
0.69	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	AVDE	AVEM	AVUV	AVDV	FNDC
AVDE		0.67	0.36	0.91	0.82	AVDE
AVEM	0.67		0.1	0.56	0.74	AVEM
AVUV	0.36	0.1		0.38	0.4	AVUV
AVDV	0.91	0.56	0.38		0.74	AVDV
FNDC	0.82	0.74	0.4	0.74		FNDC
	AVDE	AVEM	AVUV	AVDV	FNDC

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Avantis Equity Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis Equity 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 Equity'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
AVDE	0.55	(0.02)	(0.08)	0.01	0.80	(0.53)	1.16	(1.39)	4.16
AVEM	0.70	(0.10)	0.00	(0.19)	0.00	0.00	1.34	(2.01)	4.93
AVUV	0.86	0.06	0.00	0.39	0.92	(1.06)	1.95	(1.31)	11.36
AVDV	0.57	(0.01)	(0.08)	0.03	0.71	(0.61)	1.20	(1.42)	4.10
FNDC	0.54	0.00	(0.10)	(0.04)	0.69	(0.60)	1.29	(1.33)	3.77

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Avantis Equity Correlations

Avantis Equity Correlation With Market

Significant diversification

Moving together with Avantis Etf

Related Correlations Analysis

Avantis Equity Constituents Risk-Adjusted Indicators

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