VictoryShares Small Correlations

USVM Etf

USD 82.46 0.61 0.75%

The current 90-days correlation between VictoryShares Small Mid and Dimensional ETF Trust is 0.65 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares Small Mid moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VictoryShares Small Correlation With Market

Poor diversification

The correlation between VictoryShares Small Mid and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares Small Mid 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 Small Mid. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with VictoryShares Etf

0.99	VBR	Vanguard Small Cap	Pair Corr
0.97	IWN	iShares Russell 2000	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
0.97	IJS	iShares SP Small	Pair Corr
0.97	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.95	DES	WisdomTree SmallCap	Pair Corr
0.95	MDYV	SPDR SP 400	Pair Corr
0.87	CALF	Pacer Small Cap	Pair Corr
0.89	REGL	ProShares SP MidCap Low Volatility	Pair Corr
0.75	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.91	HD	Home Depot	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.69	XOM	Exxon Mobil Corp	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.87	CAT	Caterpillar	Pair Corr

Moving against VictoryShares Etf

0.54	AMPD	Tidal Trust II	Pair Corr
0.69	BA	Boeing	Pair Corr
0.59	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV
DISV		0.05	-0.26	-0.05	-0.16	-0.1	-0.19	-0.09	-0.01	DISV
VB	0.05		0.93	0.98	0.95	0.97	0.92	0.97	0.96	VB
MMSC	-0.26	0.93		0.93	0.93	0.94	0.94	0.97	0.88	MMSC
VIOG	-0.05	0.98	0.93		0.97	0.99	0.97	0.98	0.98	VIOG
VIOV	-0.16	0.95	0.93	0.97		0.99	0.95	0.96	0.97	VIOV
VIOO	-0.1	0.97	0.94	0.99	0.99		0.96	0.98	0.99	VIOO
DWAS	-0.19	0.92	0.94	0.97	0.95	0.96		0.97	0.95	DWAS
VTWG	-0.09	0.97	0.97	0.98	0.96	0.98	0.97		0.95	VTWG
VTWV	-0.01	0.96	0.88	0.98	0.97	0.99	0.95	0.95		VTWV
	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV

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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

VIOO	+ 0.99	VIOG
VIOO	+ 0.99	VIOV
VTWV	+ 0.99	VIOO
VIOG	+ 0.98	VB
VTWG	+ 0.98	VIOG
VTWV	+ 0.98	VIOG

High negative correlations

MMSC	- 0.26	DISV
DWAS	- 0.19	DISV
VIOV	- 0.16	DISV
VIOO	- 0.1	DISV
VTWG	- 0.09	DISV
VIOG	- 0.05	DISV

VictoryShares Small Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares Small 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 Small'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
DISV	0.57	0.08	0.11	0.14	0.68	(0.54)	1.18	(1.02)	3.54
VB	0.75	(0.08)	0.00	(0.13)	0.00	0.00	1.45	(1.42)	5.64
MMSC	1.03	(0.16)	0.00	(0.22)	0.00	0.00	1.59	(2.03)	5.91
VIOG	0.82	(0.13)	0.00	(0.17)	0.00	0.00	1.64	(1.69)	5.64
VIOV	0.82	(0.10)	0.00	(0.15)	0.00	0.00	1.55	(1.89)	6.12
VIOO	0.76	(0.12)	0.00	(0.16)	0.00	0.00	1.59	(1.46)	6.03
DWAS	1.23	(0.22)	0.00	(0.23)	0.00	0.00	2.03	(2.53)	8.13
VTWG	0.96	(0.12)	0.00	(0.15)	0.00	0.00	1.90	(2.03)	6.37
VTWV	0.79	(0.11)	0.00	(0.15)	0.00	0.00	1.57	(1.50)	6.14

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