Vanguard Momentum Correlations

Etfs . USA . 
Etf . Vanguard Momentum Factor
VFMO Etf  USD 178.39  0.41  0.23%   
The current 90-days correlation between Vanguard Momentum Factor and Vanguard Quality Factor is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Momentum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Momentum Factor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard Momentum Correlation With Market

Very poor diversification

The correlation between Vanguard Momentum Factor and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Momentum Factor 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 Momentum Factor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Vanguard Etf

  0.99VOT Vanguard Mid CapPairCorr
  0.99IWP iShares Russell MidPairCorr
  0.94ARKK ARK Innovation ETFPairCorr
  0.97IJK iShares SP MidPairCorr
  0.97JKH iShares Morningstar MidPairCorr
  0.99KOMP SPDR Kensho NewPairCorr
  0.97MDYG SPDR SP 400PairCorr
  0.99IMCG iShares Morningstar MidPairCorr
  0.98FPX First Trust EquityPairCorr
  0.97IVOG Vanguard SP MidPairCorr
  0.88PULS PGIM Ultra ShortPairCorr
  0.83MPAY Akros Monthly PayoutPairCorr
  0.95BUFF Innovator LadderedPairCorr
  0.94XLF Financial Select Sector Aggressive PushPairCorr
  0.65IDGT iShares Trust Symbol ChangePairCorr
  0.97PUTW WisdomTree CBOE SPPairCorr
  0.95DIVB iShares DividendPairCorr
  0.9XLK Technology Select SectorPairCorr
  0.88USFR WisdomTree Floating RatePairCorr
  0.62IDU iShares Utilities ETFPairCorr
  0.95DIVG Invesco Exchange TradedPairCorr
  0.94BUG Global X CybersecurityPairCorr
  0.9BTC Grayscale Bitcoin MiniPairCorr
  0.86DISO Tidal Trust II Potential GrowthPairCorr
  0.97SPY SPDR SP 500 Aggressive PushPairCorr
  0.9MSTY YieldMax MSTR OptionPairCorr

Moving against Vanguard Etf

  0.93BITI ProShares Trust Buyout TrendPairCorr
  0.62GREI Goldman Sachs FuturePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Vanguard Momentum Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Momentum 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 Momentum'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.

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