VanEck Junior Correlations

GDXJ Etf

USD 46.82 1.52 3.14%

The current 90-days correlation between VanEck Junior Gold and VanEck Gold Miners is 0.97 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Junior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Junior Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Junior Correlation With Market

Average diversification

The correlation between VanEck Junior Gold and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Junior Gold and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Junior Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with VanEck Etf

0.92	GDX	VanEck Gold Miners	Pair Corr
0.93	SIL	Global X Silver	Pair Corr
0.98	SILJ	Amplify ETF Trust	Pair Corr
0.88	SGDM	Sprott Gold Miners	Pair Corr
0.97	SGDJ	Sprott Junior Gold	Pair Corr
0.99	GOAU	US Global GO	Pair Corr
0.99	GOEX	Global X Gold	Pair Corr
0.72	CRIT	Optica Rare Earths	Pair Corr
0.64	IDU	iShares Utilities ETF	Pair Corr
0.81	IDGT	iShares Trust Symbol Change	Pair Corr

Moving against VanEck Etf

0.62

HUM

Humana Inc Fiscal Year End 23rd of January 2025

Pair Corr

Related Correlations Analysis

	GDX	SIL	SILJ	PAAS	FNV
GDX		0.72	0.9	0.67	0.86	GDX
SIL	0.72		0.92	0.97	0.77	SIL
SILJ	0.9	0.92		0.87	0.84	SILJ
PAAS	0.67	0.97	0.87		0.72	PAAS
FNV	0.86	0.77	0.84	0.72		FNV
	GDX	SIL	SILJ	PAAS	FNV

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VanEck Junior Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Junior 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 VanEck Junior'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
GDX	1.48	(0.04)	0.00	(0.05)	0.00	0.00	2.78	(3.07)	10.74
SIL	1.77	0.09	0.01	0.37	2.17	(1.86)	4.98	(3.63)	12.51
SILJ	1.91	(0.07)	(0.05)	0.00	2.37	(2.18)	4.23	(3.77)	13.58
PAAS	2.18	0.09	0.01	0.29	2.17	(2.56)	6.05	(4.04)	14.73
FNV	1.20	0.00	(0.05)	0.11	1.72	(1.14)	2.46	(2.61)	8.26

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