VanEck Vectors Correlations

MOTG Etf

USD 39.62 0.13 0.33%

The current 90-days correlation between VanEck Vectors ETF and VanEck Morningstar International is 0.65 (i.e., Poor diversification). The correlation of VanEck Vectors 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.

VanEck Vectors Correlation With Market

Poor diversification

The correlation between VanEck Vectors ETF and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Vectors ETF 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 Vectors 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 estimate.

Moving together with VanEck Etf

0.84	ACWV	iShares MSCI Global	Pair Corr
0.78	SDG	iShares MSCI Global	Pair Corr
0.63	VZ	Verizon Communications Aggressive Push	Pair Corr
0.7	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.84	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.78	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.64	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against VanEck Etf

0.45	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.45	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.38	BAC	Bank of America Aggressive Push	Pair Corr
0.31	DIS	Walt Disney Aggressive Push	Pair Corr

Related Correlations Analysis

	MOTI	SMOT	GLIF	MOTE	IMCV
MOTI		-0.11	-0.75	0.02	-0.15	MOTI
SMOT	-0.11		-0.15	0.96	0.98	SMOT
GLIF	-0.75	-0.15		-0.24	-0.08	GLIF
MOTE	0.02	0.96	-0.24		0.95	MOTE
IMCV	-0.15	0.98	-0.08	0.95		IMCV
	MOTI	SMOT	GLIF	MOTE	IMCV

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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

IMCV	+ 0.98	SMOT
MOTE	+ 0.96	SMOT
IMCV	+ 0.95	MOTE
MOTE	+ 0.02	MOTI

High negative correlations

GLIF	- 0.75	MOTI
MOTE	- 0.24	GLIF
GLIF	- 0.15	SMOT
IMCV	- 0.15	MOTI
SMOT	- 0.11	MOTI
IMCV	- 0.08	GLIF

VanEck Vectors Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Vectors 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 Vectors' 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
MOTI	0.98	(0.09)	0.00	(0.15)	0.00	0.00	1.81	(2.15)	8.60
SMOT	0.68	0.01	0.02	0.13	0.59	(0.79)	1.59	(1.18)	4.38
GLIF	0.59	(0.01)	(0.14)	(0.14)	0.85	(0.52)	1.16	(1.28)	3.00
MOTE	0.54	(0.01)	(0.05)	0.11	0.57	(0.59)	1.10	(0.93)	3.30
IMCV	0.57	0.01	(0.03)	0.13	0.39	(0.74)	1.12	(0.90)	3.41

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