VanEck Vectors Correlations

MVS Etf

19.87 0.05 0.25%

The current 90-days correlation between VanEck Vectors Small and SPDR SP 500 is 0.29 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VanEck Vectors Correlation With Market

Good diversification

The correlation between VanEck Vectors Small and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Vectors Small and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VanEck Vectors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck Vectors when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VanEck Vectors - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VanEck Vectors Small to buy it.

Moving together with VanEck Etf

0.72	SEMI	Global X Semiconductor	Pair Corr
0.86	IAA	iShares Asia 50	Pair Corr
0.81	IZZ	iShares China LargeCap	Pair Corr

Moving against VanEck Etf

0.44	GGOV	BetaShares Global	Pair Corr
0.39	AGVT	BetaShares Australian	Pair Corr
0.37	RGB	Russell Australian	Pair Corr
0.35	ILB	iShares UBS Government	Pair Corr

Related Correlations Analysis

	SPY	VTS	IVV	IJR	QUAL	MOAT	IXI	IJH	VGS	WXOZ
SPY		1.0	1.0	0.93	0.93	0.96	-0.23	0.97	1.0	0.99	SPY
VTS	1.0		1.0	0.94	0.92	0.96	-0.23	0.98	1.0	0.99	VTS
IVV	1.0	1.0		0.93	0.93	0.96	-0.23	0.97	1.0	0.99	IVV
IJR	0.93	0.94	0.93		0.85	0.9	-0.24	0.98	0.93	0.92	IJR
QUAL	0.93	0.92	0.93	0.85		0.92	-0.15	0.9	0.94	0.93	QUAL
MOAT	0.96	0.96	0.96	0.9	0.92		-0.06	0.95	0.96	0.96	MOAT
IXI	-0.23	-0.23	-0.23	-0.24	-0.15	-0.06		-0.25	-0.23	-0.18	IXI
IJH	0.97	0.98	0.97	0.98	0.9	0.95	-0.25		0.97	0.96	IJH
VGS	1.0	1.0	1.0	0.93	0.94	0.96	-0.23	0.97		0.99	VGS
WXOZ	0.99	0.99	0.99	0.92	0.93	0.96	-0.18	0.96	0.99		WXOZ
	SPY	VTS	IVV	IJR	QUAL	MOAT	IXI	IJH	VGS	WXOZ

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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

VTS	+ 1.0	SPY
IVV	+ 1.0	SPY
VGS	+ 1.0	SPY
IVV	+ 1.0	VTS
VGS	+ 1.0	VTS
VGS	+ 1.0	IVV

High negative correlations

IJH	- 0.25	IXI
IXI	- 0.24	IJR
VGS	- 0.23	IXI
IXI	- 0.23	IVV
IXI	- 0.23	VTS
IXI	- 0.23	SPY

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
SPY	0.56	0.12	0.05	0.44	0.53	(0.60)	1.28	(1.25)	4.68
VTS	0.55	0.13	0.07	0.52	0.45	(0.61)	1.28	(1.05)	3.94
IVV	0.54	0.12	0.05	0.52	0.44	(0.58)	1.34	(1.04)	3.86
IJR	0.90	0.13	0.09	0.33	0.72	(1.16)	2.30	(1.49)	6.82
QUAL	0.67	(0.01)	(0.06)	0.10	0.86	(0.71)	1.32	(1.50)	8.25
MOAT	0.56	0.10	0.02	0.55	0.44	(0.62)	1.35	(1.09)	4.05
IXI	0.51	0.00	(0.14)	0.13	0.71	(0.50)	1.08	(0.81)	3.90
IJH	0.68	0.13	0.10	0.36	0.51	(0.80)	1.94	(1.05)	5.71
VGS	0.48	0.09	0.00	0.48	0.41	(0.55)	1.07	(0.93)	3.04
WXOZ	0.46	0.09	(0.03)	1.34	0.45	(0.52)	1.05	(0.79)	2.87

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Our tools can tell you how much better you can do entering a position in VanEck Vectors without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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