Vident Core Correlations

VBND Etf

USD 43.26 0.04 0.09%

The current 90-days correlation between Vident Core Bond and Vident Core Equity is 0.4 (i.e., Very weak diversification). The correlation of Vident Core 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.

Vident Core Correlation With Market

Average diversification

The correlation between Vident Core Bond and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vident Core Bond 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 Vident Core Bond. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Vident Etf

0.98	IUSB	iShares Core Total	Pair Corr
0.98	FIXD	First Trust TCW	Pair Corr
0.98	FBND	Fidelity Total Bond	Pair Corr
0.96	TOTL	SPDR DoubleLine Total	Pair Corr
0.97	HTRB	Hartford Total Return	Pair Corr
0.98	GTO	Invesco Total Return	Pair Corr
0.97	EUSB	iShares Trust	Pair Corr
0.97	JCPB	JPMorgan Core Plus	Pair Corr
0.96	CGCP	Capital Group Core	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.73	VZ	Verizon Communications Sell-off Trend	Pair Corr

Moving against Vident Etf

0.36

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	VUSE	VIDI	VRIG	SKOR	FEMB
VUSE		0.86	0.2	0.83	0.8	VUSE
VIDI	0.86		0.4	0.8	0.71	VIDI
VRIG	0.2	0.4		0.3	-0.17	VRIG
SKOR	0.83	0.8	0.3		0.67	SKOR
FEMB	0.8	0.71	-0.17	0.67		FEMB
	VUSE	VIDI	VRIG	SKOR	FEMB

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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

VIDI	+ 0.86	VUSE
SKOR	+ 0.83	VUSE
FEMB	+ 0.8	VUSE
SKOR	+ 0.8	VIDI
FEMB	+ 0.71	VIDI
FEMB	+ 0.67	SKOR

High negative correlations

FEMB

- 0.17

VRIG

Vident Core Constituents Risk-Adjusted Indicators

There is a big difference between Vident Etf performing well and Vident Core 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 Vident Core'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
VUSE	0.62	0.03	0.04	0.06	0.83	(0.67)	1.29	(1.37)	4.41
VIDI	0.50	0.04	0.05	0.11	0.64	(0.54)	0.94	(0.99)	2.70
VRIG	0.03	0.01	0.28	(1.65)	0.00	(0.05)	0.08	(0.04)	0.16
SKOR	0.15	0.00	0.01	0.03	0.14	(0.18)	0.34	(0.30)	1.16
FEMB	0.42	0.00	(0.01)	(0.03)	0.46	(0.49)	0.94	(0.80)	1.89

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