VictoryShares USAA Correlations

USTB Etf

USD 50.27 0.01 0.02%

The current 90-days correlation between VictoryShares USAA Core and Dimensional ETF Trust is 0.84 (i.e., Very poor diversification). The correlation of VictoryShares USAA 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.

VictoryShares USAA Correlation With Market

Good diversification

The correlation between VictoryShares USAA Core and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares USAA Core 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 VictoryShares USAA Core. 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 VictoryShares Etf

0.81	IGSB	iShares 1 5	Pair Corr
0.98	SPSB	SPDR Barclays Short Sell-off Trend	Pair Corr
0.73	ISTB	iShares Core 1	Pair Corr
0.95	SLQD	iShares 0 5	Pair Corr
0.95	LDUR	PIMCO Enhanced Low	Pair Corr
0.78	SUSB	iShares ESG 1	Pair Corr
0.63	IDU	iShares Utilities ETF	Pair Corr

Moving against VictoryShares Etf

0.38	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DFCF	DFIP	DFAC	DFNM	DFAE
DFCF		0.97	-0.71	0.79	0.05	DFCF
DFIP	0.97		-0.6	0.81	0.23	DFIP
DFAC	-0.71	-0.6		-0.35	0.28	DFAC
DFNM	0.79	0.81	-0.35		0.28	DFNM
DFAE	0.05	0.23	0.28	0.28		DFAE
	DFCF	DFIP	DFAC	DFNM	DFAE

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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

DFIP	+ 0.97	DFCF
DFNM	+ 0.81	DFIP
DFNM	+ 0.79	DFCF
DFAE	+ 0.28	DFAC
DFAE	+ 0.28	DFNM
DFAE	+ 0.23	DFIP

High negative correlations

DFAC	- 0.71	DFCF
DFAC	- 0.6	DFIP
DFNM	- 0.35	DFAC

VictoryShares USAA Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares USAA 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 VictoryShares USAA'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
DFCF	0.21	(0.03)	0.00	0.83	0.00	0.00	0.40	(0.61)	1.53
DFIP	0.21	(0.03)	0.00	(1.34)	0.00	0.00	0.36	(0.41)	1.41
DFAC	0.59	0.00	0.00	0.12	0.65	(0.66)	1.29	(1.23)	4.65
DFNM	0.10	0.00	(0.76)	0.18	0.14	(0.10)	0.21	(0.21)	0.77
DFAE	0.84	(0.05)	(0.11)	(0.01)	1.07	(0.88)	2.02	(1.91)	5.87

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