VictoryShares Small Correlations

USVM Etf

USD 96.49 1.41 1.44%

The current 90-days correlation between VictoryShares Small Mid and BNY Mellon International is 0.75 (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

Almost no diversification

The correlation between VictoryShares Small Mid and DJI is 0.91 (i.e., Almost no 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.

Build AI portfolio with VictoryShares Etf

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 various price indices.

Moving together with VictoryShares Etf

1.0	VBR	Vanguard Small Cap	Pair Corr
0.99	IWN	iShares Russell 2000	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
0.99	IJS	iShares SP Small	Pair Corr
0.99	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.98	DES	WisdomTree SmallCap	Pair Corr
0.99	MDYV	SPDR SP 400	Pair Corr
0.93	CALF	Pacer Small Cap	Pair Corr
0.98	REGL	ProShares SP MidCap	Pair Corr
0.92	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.85	MUU	Direxion Daily MU Trending	Pair Corr
0.91	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.85	MULL	GraniteShares 2x Long Trending	Pair Corr
0.93	JNUG	Direxion Daily Junior Trending	Pair Corr
0.78	KORU	Direxion Daily South	Pair Corr
0.93	NUGT	Direxion Daily Gold	Pair Corr
0.93	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.94	SLVR	Sprott Silver Miners	Pair Corr
0.89	SHNY	Microsectors Gold	Pair Corr
0.89	GSIG	Goldman Sachs Access	Pair Corr
0.74	PSCT	Invesco SP SmallCap	Pair Corr
0.77	EMCS	Xtrackers MSCI Emerging	Pair Corr
0.9	ZHOG	RBB Fund Symbol Change	Pair Corr
0.93	BMAY	Innovator SP 500	Pair Corr
0.84	SOXY	YieldMax Target 12	Pair Corr
0.89	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.82	MRK	Merck Company	Pair Corr
0.92	AA	Alcoa Corp	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr

Moving against VictoryShares Etf

0.71	T	ATT Inc Earnings Call This Week	Pair Corr
0.7	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.68	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	HFXI	OIH	LGLV	FTA	FVAL	FNX	CGIE	QQXT	GEM	BKIE
HFXI		0.86	0.89	0.92	0.91	0.92	0.98	0.8	0.92	0.99	HFXI
OIH	0.86		0.76	0.82	0.73	0.81	0.81	0.6	0.84	0.82	OIH
LGLV	0.89	0.76		0.92	0.78	0.9	0.87	0.86	0.78	0.9	LGLV
FTA	0.92	0.82	0.92		0.92	0.92	0.88	0.88	0.74	0.95	FTA
FVAL	0.91	0.73	0.78	0.92		0.89	0.89	0.87	0.74	0.94	FVAL
FNX	0.92	0.81	0.9	0.92	0.89		0.91	0.91	0.82	0.94	FNX
CGIE	0.98	0.81	0.87	0.88	0.89	0.91		0.81	0.93	0.98	CGIE
QQXT	0.8	0.6	0.86	0.88	0.87	0.91	0.81		0.64	0.86	QQXT
GEM	0.92	0.84	0.78	0.74	0.74	0.82	0.93	0.64		0.87	GEM
BKIE	0.99	0.82	0.9	0.95	0.94	0.94	0.98	0.86	0.87		BKIE
	HFXI	OIH	LGLV	FTA	FVAL	FNX	CGIE	QQXT	GEM	BKIE

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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
HFXI	0.50	0.07	0.08	0.18	0.50	(0.56)	1.16	(1.14)	3.19
OIH	1.41	0.39	0.22	0.47	1.33	(1.58)	4.38	(2.90)	9.53
LGLV	0.45	0.01	(0.04)	0.09	0.46	(0.48)	0.96	(0.89)	2.46
FTA	0.57	0.07	0.08	0.16	0.44	(0.62)	1.50	(1.06)	3.31
FVAL	0.56	0.02	0.02	0.10	0.64	(0.56)	1.22	(1.16)	3.49
FNX	0.82	0.02	0.03	0.08	0.84	(0.89)	1.79	(1.47)	3.88
CGIE	0.60	0.02	0.01	0.10	0.69	(0.61)	1.26	(1.20)	3.45
QQXT	0.50	(0.01)	(0.06)	0.05	0.57	(0.54)	1.13	(1.02)	2.86
GEM	0.65	0.09	0.09	0.20	0.58	(0.73)	1.35	(1.08)	3.27
BKIE	0.57	0.05	0.05	0.13	0.62	(0.61)	1.17	(1.18)	3.25

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