VanEck Mortgage Correlations

MORT Etf

USD 11.41 0.12 1.06%

The current 90-days correlation between VanEck Mortgage REIT and iShares Mortgage Real is 0.98 (i.e., Almost no diversification). The correlation of VanEck Mortgage 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.

VanEck Mortgage Correlation With Market

Weak diversification

The correlation between VanEck Mortgage REIT and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Mortgage REIT and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Mortgage REIT. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with VanEck Etf

0.71	VNQ	Vanguard Real Estate	Pair Corr
0.67	XLRE	Real Estate	Pair Corr
0.74	IYR	iShares Real Estate	Pair Corr
0.71	ICF	iShares Cohen Steers	Pair Corr
0.91	IRET	Tidal Trust II	Pair Corr
0.87	GREI	Goldman Sachs Future	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.78	KO	Coca Cola Aggressive Push	Pair Corr

Moving against VanEck Etf

0.72	RTL	Pacer Financial	Pair Corr
0.67	MORE	MORE	Pair Corr
0.54	SITC	Site Centers Corp	Pair Corr
0.54	PULS	PGIM Ultra Short	Pair Corr
0.53	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.41	BUFF	Innovator Laddered	Pair Corr
0.31	HHH	Howard Hughes	Pair Corr
0.64	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.59	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.53	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.48	WMT	Walmart Aggressive Push	Pair Corr
0.46	DIS	Walt Disney Aggressive Push	Pair Corr
0.46	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.4	HPQ	HP Inc	Pair Corr
0.38	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.37	T	ATT Inc Sell-off Trend	Pair Corr
0.36	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.35	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	REM	KBWY	BIZD	SRET	KBWD
REM		0.76	-0.32	0.88	0.41	REM
KBWY	0.76		-0.15	0.92	0.02	KBWY
BIZD	-0.32	-0.15		-0.38	0.42	BIZD
SRET	0.88	0.92	-0.38		0.08	SRET
KBWD	0.41	0.02	0.42	0.08		KBWD
	REM	KBWY	BIZD	SRET	KBWD

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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

SRET	+ 0.92	KBWY
SRET	+ 0.88	REM
KBWY	+ 0.76	REM
KBWD	+ 0.42	BIZD
KBWD	+ 0.41	REM
KBWD	+ 0.08	SRET

High negative correlations

SRET	- 0.38	BIZD
BIZD	- 0.32	REM
BIZD	- 0.15	KBWY

VanEck Mortgage Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Mortgage 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 Mortgage'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
REM	0.72	(0.05)	(0.10)	0.02	1.06	(0.66)	1.32	(1.98)	3.67
KBWY	0.64	(0.03)	(0.11)	0.04	0.90	(0.60)	1.16	(1.58)	4.85
BIZD	0.50	0.02	(0.06)	0.16	0.49	(0.56)	1.04	(1.09)	2.80
SRET	0.52	(0.02)	(0.14)	0.02	0.71	(0.54)	1.26	(1.30)	3.44
KBWD	0.65	(0.03)	(0.05)	0.09	0.82	(0.65)	1.48	(1.50)	5.01

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