Vanguard Small Correlations

VB Etf

USD 250.24 0.40 0.16%

The current 90-days correlation between Vanguard Small Cap and Vanguard Mid Cap Index is 0.95 (i.e., Almost no diversification). The correlation of Vanguard Small 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.

Vanguard Small Correlation With Market

Very weak diversification

The correlation between Vanguard Small Cap Index and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Small Cap Index 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 Vanguard Small Cap Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Vanguard Etf

0.96	IJR	iShares Core SP	Pair Corr
0.89	IWM	iShares Russell 2000	Pair Corr
0.95	VRTIX	Vanguard Russell 2000	Pair Corr
0.95	VTWO	Vanguard Russell 2000	Pair Corr
0.96	SPSM	SPDR Portfolio SP	Pair Corr
0.98	DFAS	Dimensional Small Cap	Pair Corr
0.96	VIOO	Vanguard SP Small	Pair Corr
0.98	PRFZ	Invesco FTSE RAFI	Pair Corr
0.81	UPRO	ProShares UltraPro SP500	Pair Corr
0.82	SPXL	Direxion Daily SP500	Pair Corr
0.69	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	PG	Procter Gamble Sell-off Trend	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.63	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.88	HD	Home Depot	Pair Corr

Moving against Vanguard Etf

0.47	BA	Boeing	Pair Corr
0.36	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	VO	VBR	VWO	VV	VBK
VO		0.91	0.54	0.69	0.88	VO
VBR	0.91		0.45	0.42	0.87	VBR
VWO	0.54	0.45		0.61	0.45	VWO
VV	0.69	0.42	0.61		0.62	VV
VBK	0.88	0.87	0.45	0.62		VBK
	VO	VBR	VWO	VV	VBK

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Vanguard Small Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard 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 Vanguard 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
VO	0.60	(0.01)	(0.02)	0.01	0.85	(0.63)	1.30	(1.06)	4.75
VBR	0.67	(0.06)	0.00	(0.06)	0.00	0.00	1.46	(1.23)	5.45
VWO	0.63	(0.05)	0.00	(0.13)	0.00	0.00	1.54	(1.74)	4.74
VV	0.61	0.01	0.00	0.05	0.95	(0.53)	1.16	(1.42)	4.02
VBK	0.91	0.00	0.00	0.03	1.24	(0.91)	1.48	(1.48)	6.16

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