VanEck Emerging Correlations

HYEM Etf

USD 19.82 0.03 0.15%

The current 90-days correlation between VanEck Emerging Markets and VanEck Vectors Moodys is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Emerging Correlation With Market

Significant diversification

The correlation between VanEck Emerging Markets and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with VanEck Etf

0.84	EMHY	iShares JP Morgan	Pair Corr
0.65	CEMB	iShares JP Morgan	Pair Corr
0.92	XEMD	Bondbloxx ETF Trust	Pair Corr
0.75	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.83	ARKW	ARK Next Generation	Pair Corr
0.85	BST	BlackRock Science Tech	Pair Corr
0.86	YEAR	AB Ultra Short	Pair Corr
0.88	NVBW	AIM ETF Products	Pair Corr
0.88	BKHY	BNY Mellon High	Pair Corr
0.9	BJAN	Innovator SP 500	Pair Corr
0.81	OBIL	US Treasury 12	Pair Corr
0.82	GE	GE Aerospace Sell-off Trend	Pair Corr
0.64	BA	Boeing	Pair Corr
0.86	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr
0.83	WMT	Walmart Earnings Call This Week	Pair Corr
0.79	AXP	American Express	Pair Corr

Moving against VanEck Etf

0.42	IRET	iREIT MarketVector	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.33	INTC	Intel Aggressive Push	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	MBBB	XB	VCEB	MILK	VCIT	VCLT	VCSH	VEMY	MYCF
MBBB		0.48	1.0	0.83	0.99	0.95	0.45	0.4	-0.05	MBBB
XB	0.48		0.49	0.34	0.54	0.25	0.86	0.89	0.68	XB
VCEB	1.0	0.49		0.84	0.99	0.95	0.45	0.4	-0.05	VCEB
MILK	0.83	0.34	0.84		0.8	0.85	0.16	0.21	-0.29	MILK
VCIT	0.99	0.54	0.99	0.8		0.91	0.54	0.47	0.05	VCIT
VCLT	0.95	0.25	0.95	0.85	0.91		0.15	0.12	-0.36	VCLT
VCSH	0.45	0.86	0.45	0.16	0.54	0.15		0.94	0.86	VCSH
VEMY	0.4	0.89	0.4	0.21	0.47	0.12	0.94		0.84	VEMY
MYCF	-0.05	0.68	-0.05	-0.29	0.05	-0.36	0.86	0.84		MYCF
	MBBB	XB	VCEB	MILK	VCIT	VCLT	VCSH	VEMY	MYCF

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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

VCEB	+ 1.0	MBBB
VCIT	+ 0.99	MBBB
VCIT	+ 0.99	VCEB
VCLT	+ 0.95	MBBB
VCLT	+ 0.95	VCEB
VEMY	+ 0.94	VCSH

High negative correlations

MYCF	- 0.36	VCLT
MYCF	- 0.29	MILK
MYCF	- 0.05	VCEB
MYCF	- 0.05	MBBB

VanEck Emerging Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Emerging 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 Emerging'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
MBBB	0.25	(0.01)	(0.03)	(0.07)	0.30	(0.27)	0.52	(0.52)	1.74
XB	0.22	0.01	0.02	0.07	0.30	(0.23)	0.43	(0.38)	2.56
VCEB	0.26	(0.01)	(0.03)	(0.07)	0.31	(0.28)	0.58	(0.51)	1.75
MILK	0.36	0.03	0.06	0.24	0.33	(0.40)	0.90	(0.62)	1.85
VCIT	0.25	0.00	(0.02)	(0.04)	0.29	(0.28)	0.52	(0.45)	1.83
VCLT	0.50	(0.04)	0.00	(0.18)	0.00	0.00	1.10	(0.84)	3.67
VCSH	0.10	0.01	0.04	0.13	0.00	(0.12)	0.21	(0.15)	0.76
VEMY	0.22	0.03	0.10	0.23	0.19	(0.26)	0.53	(0.38)	1.73
MYCF	0.05	0.01	0.09	0.26	0.00	(0.07)	0.12	(0.08)	0.32

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