Vanguard Global Correlations

VAGU Etf

25.73 0.01 0.04%

The current 90-days correlation between Vanguard Global Aggregate and Leverage Shares 3x is -0.17 (i.e., Good diversification). The correlation of Vanguard Global 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.

Vanguard Global Correlation With Market

Good diversification

The correlation between Vanguard Global Aggregate and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global Aggregate and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Global 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 Vanguard Global - 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 Vanguard Global Aggregate to buy it.

Moving together with Vanguard Etf

0.63

VWCG

Vanguard FTSE Developed

Pair Corr

Moving against Vanguard Etf

0.76	2GOO	Leverage Shares 2x	Pair Corr
0.52	1AMZ	LS 1x Amazon	Pair Corr
0.36	AASG	Amundi Index Solutions	Pair Corr

Related Correlations Analysis

	3CON	3ARE	3PLT	SGBP	NVD3	3NVD	NVD2	3UBE	QQQ5	5QQQ
3CON		0.93	0.89	0.79	0.7	0.72	0.7	-0.33	0.69	0.75	3CON
3ARE	0.93		0.95	0.78	0.69	0.72	0.71	-0.32	0.78	0.83	3ARE
3PLT	0.89	0.95		0.89	0.72	0.75	0.74	-0.32	0.72	0.79	3PLT
SGBP	0.79	0.78	0.89		0.7	0.74	0.72	-0.32	0.54	0.63	SGBP
NVD3	0.7	0.69	0.72	0.7		1.0	1.0	0.12	0.89	0.91	NVD3
3NVD	0.72	0.72	0.75	0.74	1.0		1.0	0.09	0.88	0.91	3NVD
NVD2	0.7	0.71	0.74	0.72	1.0	1.0		0.12	0.89	0.91	NVD2
3UBE	-0.33	-0.32	-0.32	-0.32	0.12	0.09	0.12		0.18	0.11	3UBE
QQQ5	0.69	0.78	0.72	0.54	0.89	0.88	0.89	0.18		0.99	QQQ5
5QQQ	0.75	0.83	0.79	0.63	0.91	0.91	0.91	0.11	0.99		5QQQ
	3CON	3ARE	3PLT	SGBP	NVD3	3NVD	NVD2	3UBE	QQQ5	5QQQ

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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

3NVD	+ 1.0	NVD3
NVD2	+ 1.0	NVD3
NVD2	+ 1.0	3NVD
5QQQ	+ 0.99	QQQ5
3PLT	+ 0.95	3ARE
3ARE	+ 0.93	3CON

High negative correlations

3UBE	- 0.33	3CON
3UBE	- 0.32	SGBP
3UBE	- 0.32	3PLT
3UBE	- 0.32	3ARE

Vanguard Global Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Global 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 Vanguard Global'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
3CON	12.71	0.69	0.14	0.17	13.97	(14.19)	29.54	(19.42)	99.07
3ARE	4.96	0.51	0.16	0.21	5.35	(5.12)	10.60	(9.50)	40.25
3PLT	8.84	2.71	0.45	0.51	6.39	(11.18)	20.13	(10.82)	76.95
SGBP	0.32	0.09	(0.09)	(2.49)	0.00	(0.38)	0.98	(0.52)	1.94
NVD3	6.45	(0.02)	0.02	0.11	8.21	(6.24)	12.69	(12.07)	39.29
3NVD	6.46	0.05	0.03	0.14	8.03	(6.32)	12.28	(11.63)	38.75
NVD2	4.30	0.01	0.02	0.12	5.45	(4.18)	8.22	(7.48)	26.09
3UBE	5.22	(0.21)	0.00	0.04	8.33	(5.35)	10.10	(9.89)	60.76
QQQ5	3.81	(0.08)	0.04	0.10	5.22	(4.04)	10.53	(10.08)	29.25
5QQQ	3.75	0.00	0.05	0.12	5.13	(3.67)	9.49	(9.85)	28.48

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Our tools can tell you how much better you can do entering a position in Vanguard Global 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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