Vanguard Balanced Correlations

VBAL Etf

CAD 37.77 0.16 0.43%

The current 90-days correlation between Vanguard Balanced and Mackenzie Large Cap is 0.83 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Balanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Balanced Portfolio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard Balanced Correlation With Market

Very poor diversification

The correlation between Vanguard Balanced Portfolio and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Balanced Portfolio and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard Balanced 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 Balanced 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 Balanced - 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 Balanced Portfolio to buy it.

Moving together with Vanguard Etf

1.0	XBAL	iShares Core Balanced	Pair Corr
0.9	ZESG	BMO Balanced ESG	Pair Corr
1.0	ZBAL	BMO Balanced ETF	Pair Corr
0.87	XCNS	iShares Core Conservative	Pair Corr
0.98	MBAL	Mackenzie Balanced	Pair Corr
0.64	CGAA	CI Global Asset	Pair Corr
0.83	FCGI	Fidelity Global Monthly	Pair Corr
0.76	HCAL	Hamilton Enhanced	Pair Corr
0.87	HBGD	Global X Big	Pair Corr
0.74	HBGD-U	Global X Big	Pair Corr
0.91	EQL-U	Invesco SP 500	Pair Corr
0.86	HXU	BetaPro SP TSX	Pair Corr
0.68	HAZ	Global X Active	Pair Corr
0.86	UDIV	Manulife Smart Dividend	Pair Corr
0.81	TERM	Manulife Smart Short	Pair Corr
0.67	XDUH	iShares Core MSCI	Pair Corr
0.82	XSH	iShares Core Canadian	Pair Corr
0.72	BANK	Evolve Canadian Banks	Pair Corr
0.73	XSB	iShares Canadian Short	Pair Corr
0.89	AMAX	Hamilton Gold Producer	Pair Corr
0.69	XSTB	iShares ESG Aware	Pair Corr
0.67	HPF	Harvest Energy Leaders	Pair Corr
0.93	XEU	iShares MSCI Europe	Pair Corr
0.88	WSHR	Wealthsimple Shariah	Pair Corr
0.8	ATSX	Accelerate Canadian Long	Pair Corr
0.85	FLUS	Franklin Large Cap	Pair Corr
0.92	ZDM	BMO MSCI EAFE	Pair Corr
0.89	CGXF	CI Gold Giants	Pair Corr
0.72	ZUD	BMO Dividend Hedged	Pair Corr
0.85	GDV	Global Dividend Growth	Pair Corr

Related Correlations Analysis

	XGRO	XUU	TTP	TPU	XQQ	HXT	XAW	TPE	VDY	QUU
XGRO		0.58	0.94	0.48	0.43	0.93	0.98	0.94	0.82	0.49	XGRO
XUU	0.58		0.41	0.99	0.75	0.47	0.67	0.32	0.1	0.98	XUU
TTP	0.94	0.41		0.3	0.39	0.99	0.85	0.88	0.88	0.31	TTP
TPU	0.48	0.99	0.3		0.76	0.36	0.59	0.22	-0.02	0.99	TPU
XQQ	0.43	0.75	0.39	0.76		0.41	0.45	0.18	0.11	0.76	XQQ
HXT	0.93	0.47	0.99	0.36	0.41		0.84	0.85	0.85	0.37	HXT
XAW	0.98	0.67	0.85	0.59	0.45	0.84		0.91	0.72	0.59	XAW
TPE	0.94	0.32	0.88	0.22	0.18	0.85	0.91		0.89	0.23	TPE
VDY	0.82	0.1	0.88	-0.02	0.11	0.85	0.72	0.89		0.0	VDY
QUU	0.49	0.98	0.31	0.99	0.76	0.37	0.59	0.23	0.0		QUU
	XGRO	XUU	TTP	TPU	XQQ	HXT	XAW	TPE	VDY	QUU

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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

TPU	+ 0.99	XUU
HXT	+ 0.99	TTP
QUU	+ 0.99	TPU
XAW	+ 0.98	XGRO
QUU	+ 0.98	XUU
TTP	+ 0.94	XGRO

High negative correlations

VDY	- 0.02	TPU
QUU	- 0.0	VDY

Vanguard Balanced Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Balanced 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 Balanced'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
XGRO	0.44	0.01	(0.04)	0.09	0.53	(0.44)	0.89	(0.97)	2.47
XUU	0.58	(0.08)	0.00	(0.08)	0.00	0.00	1.07	(1.35)	3.93
TTP	0.66	0.10	0.06	0.28	0.95	(0.70)	1.42	(1.71)	4.79
TPU	0.58	(0.09)	0.00	(0.10)	0.00	0.00	1.04	(1.25)	3.64
XQQ	0.77	(0.10)	0.00	(0.10)	0.00	0.00	1.38	(1.90)	4.76
HXT	0.59	0.08	0.04	0.25	0.78	(0.61)	1.18	(1.41)	4.05
XAW	0.51	(0.01)	(0.06)	0.03	0.68	(0.54)	1.09	(1.31)	3.29
TPE	0.56	0.08	0.05	0.21	0.65	(0.57)	1.28	(1.18)	3.10
VDY	0.42	0.13	0.13	0.69	0.30	(0.45)	0.91	(1.03)	2.24
QUU	0.58	(0.08)	0.00	(0.09)	0.00	0.00	1.11	(1.49)	3.35

Be your own money manager

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