Avantis Equity Correlations

Etfs . USA . 
Etf . Avantis Equity ETF
AVUS Etf  USD 101.38  0.71  0.71%   
The current 90-days correlation between Avantis Equity ETF and Avantis International Equity is 0.55 (i.e., Very weak 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

Almost no diversification

The correlation between Avantis Equity ETF 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 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

  1.0VTI Vanguard Total StockPairCorr
  0.99SPY SPDR SP 500 Aggressive PushPairCorr
  0.99IVV iShares Core SPPairCorr
  0.93VIG Vanguard DividendPairCorr
  0.99VV Vanguard Large CapPairCorr
  0.98RSP Invesco SP 500PairCorr
  0.99IWB iShares Russell 1000PairCorr
  0.99ESGU iShares ESG AwarePairCorr
  1.0DFAC Dimensional Core EquityPairCorr
  0.99SPLG SPDR Portfolio SPPairCorr
  0.98SIXD AIM ETF ProductsPairCorr
  0.79CEFD ETRACS Monthly PayPairCorr
  0.88TSJA TSJAPairCorr
  0.88DSJA DSJAPairCorr
  0.8JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.95CSCO Cisco Systems Aggressive PushPairCorr
  0.85WMT Walmart Aggressive PushPairCorr
  0.96AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.92INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.71XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.77HD Home DepotPairCorr
  0.87HPQ HP IncPairCorr
  0.83CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.7T ATT Inc Sell-off TrendPairCorr
  0.92AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Avantis Etf

  0.86YCL ProShares Ultra YenPairCorr
  0.85VIIX VIIXPairCorr
  0.84ULE ProShares Ultra EuroPairCorr
  0.84FXY Invesco CurrencySharesPairCorr
  0.83MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.77KO Coca Cola Aggressive PushPairCorr
  0.71BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.66PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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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   
AVDV
+ 0.98
AVDE
FNDC
+ 0.98
AVDE
FNDC
+ 0.95
AVDV
AVDV
+ 0.65
AVEM
AVEM
+ 0.59
AVDE
FNDC
+ 0.49
AVEM
  
High negative correlations   
FNDC
- 0.51
AVUV
AVUV
- 0.4
AVDE
AVDV
- 0.28
AVUV

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.

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