VanEck Vectors Correlations

SMI Etf

USD 45.85 0.05 0.11%

The current 90-days correlation between VanEck Vectors ETF and Formidable Fortress ETF is -0.07 (i.e., Good 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

Modest diversification

The correlation between VanEck Vectors ETF and DJI is 0.2 (i.e., Modest 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 World Market Map 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 population.

Moving together with VanEck Etf

0.97	TFI	SPDR Nuveen Bloomberg	Pair Corr
0.99	PZA	Invesco National AMT	Pair Corr
0.89	BAB	Invesco Taxable Municipal	Pair Corr
0.98	MMIN	IQ MacKay Municipal	Pair Corr
0.97	MLN	VanEck Long Muni	Pair Corr
0.97	RVNU	Xtrackers Municipal	Pair Corr
0.98	FLMB	Franklin Liberty Federal	Pair Corr
0.87	RTAI	Rareview Tax Advantaged	Pair Corr
0.85	BND	Vanguard Total Bond	Pair Corr
0.7	VTV	Vanguard Value Index	Pair Corr
0.72	VO	Vanguard Mid Cap	Pair Corr
0.65	VB	Vanguard Small Cap	Pair Corr

Moving against VanEck Etf

0.38	MCEF	MCEF	Pair Corr
0.54	GSG	iShares SP GSCI	Pair Corr
0.41	IVES	Amplify ETF Trust Symbol Change	Pair Corr

Related Correlations Analysis

	KONG	CN	SNDA	CYD	NINE
KONG		0.02	0.5	-0.23	0.6	KONG
CN	0.02		0.36	0.73	-0.24	CN
SNDA	0.5	0.36		0.4	0.02	SNDA
CYD	-0.23	0.73	0.4		-0.41	CYD
NINE	0.6	-0.24	0.02	-0.41		NINE
	KONG	CN	SNDA	CYD	NINE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CYD	+ 0.73	CN
NINE	+ 0.6	KONG
SNDA	+ 0.5	KONG
CYD	+ 0.4	SNDA
SNDA	+ 0.36	CN
CN	+ 0.02	KONG

High negative correlations

NINE	- 0.41	CYD
NINE	- 0.24	CN
CYD	- 0.23	KONG

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
KONG	0.48	(0.03)	0.00	(0.09)	0.00	0.00	1.00	(1.01)	5.23
CN	1.04	(0.11)	0.00	(0.76)	0.00	0.00	1.84	(1.90)	6.20
SNDA	2.32	(0.02)	(0.01)	0.00	2.61	(2.74)	5.59	(4.77)	12.89
CYD	2.19	(0.20)	0.00	(1.71)	0.00	0.00	5.72	(4.53)	25.26
NINE	5.89	0.29	0.04	0.37	5.81	(8.41)	15.08	(10.34)	43.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC