Avantis Small Correlations

Etfs . USA . 
Etf . Avantis Small Cap
AVUV Etf  USD 104.78  2.01  1.96%   
The current 90-days correlation between Avantis Small Cap and Invesco SP SmallCap is 0.96 (i.e., Almost no diversification). The correlation of Avantis Small 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 Small Correlation With Market

Very poor diversification

The correlation between Avantis Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small Cap 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 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 employment.

Moving together with Avantis Etf

  0.98VBR Vanguard Small CapPairCorr
  0.98IWN iShares Russell 2000PairCorr
  1.0DFAT Dimensional TargetedPairCorr
  0.98IJS iShares SP SmallPairCorr
  0.98SLYV SPDR SP 600PairCorr
  0.99DES WisdomTree SmallCapPairCorr
  0.88CALF Pacer Small Cap Low VolatilityPairCorr
  0.98VIOV Vanguard SP SmallPairCorr
  0.98VRTVX Vanguard Scottsdale FundsPairCorr
  0.91UPRO ProShares UltraPro SP500PairCorr
  0.85QTJA Innovator ETFs TrustPairCorr
  0.87QTOC Innovator ETFs TrustPairCorr
  0.88XTOC Innovator ETFs TrustPairCorr
  0.88QTAP Innovator Growth 100PairCorr
  0.77TSJA TSJAPairCorr
  0.85XTJA Innovator ETFs TrustPairCorr
  0.75DSJA DSJAPairCorr
  0.86XDJA Innovator ETFs TrustPairCorr
  0.9XTAP Innovator Equity AccPairCorr
  0.84INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.76WMT Walmart Aggressive PushPairCorr
  0.7CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.85JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.61HD Home DepotPairCorr
  0.65XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.89BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.8DIS Walt DisneyPairCorr
  0.68TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.86CSCO Cisco Systems Aggressive PushPairCorr

Moving against Avantis Etf

  0.78JNJ Johnson Johnson Sell-off TrendPairCorr
  0.75MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75KO Coca Cola Aggressive PushPairCorr

Related Correlations Analysis

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