Vanguard FTSE Correlations

Etfs . Canada . 
Etf . Vanguard FTSE Developed
VIDY Etf  CAD 41.15  0.09  0.22%   
The current 90-days correlation between Vanguard FTSE Developed and Vanguard FTSE Developed is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard FTSE Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard FTSE Correlation With Market

Very weak diversification

The correlation between Vanguard FTSE Developed and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE Developed and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vanguard FTSE 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 FTSE 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 FTSE - 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 FTSE Developed to buy it.

Moving together with Vanguard Etf

  0.63XEF iShares Core MSCIPairCorr
  0.61ZEA BMO MSCI EAFEPairCorr
  0.71VIU Vanguard FTSE DevelopedPairCorr
  0.82XIN iShares MSCI EAFEPairCorr
  0.83XFH iShares Core MSCIPairCorr
  0.8ZDM BMO MSCI EAFEPairCorr
  0.75VDU Vanguard FTSE DevelopedPairCorr
  0.87VEF Vanguard FTSE DevelopedPairCorr
  0.71HGU BetaPro Canadian GoldPairCorr
  0.81HZU BetaPro Silver 2xPairCorr
  0.72ZGD BMO Equal WeightPairCorr
  0.76TOCA TD One ClickPairCorr
  0.79HXU BetaPro SP TSXPairCorr
  0.9ZMMK BMO Money MarketPairCorr
  0.82DOLY Purpose Dollarama YieldPairCorr
  0.9VVL Vanguard Global ValuePairCorr
  0.89ZLB BMO Low VolatilityPairCorr
  0.73VGRO Vanguard Growth PortfolioPairCorr
  0.9HEWB Global X EqualPairCorr
  0.79LIFE Evolve Global HealthcarePairCorr
  0.86QCE Mackenzie Canadian LargePairCorr
  0.88FLCD Franklin FTSE CanadaPairCorr
  0.92EBNK Evolve European BanksPairCorr
  0.82LYFR Lysander Canso FloatingPairCorr

Moving against Vanguard Etf

  0.81FBTC Fidelity AdvantagePairCorr
  0.81BTCQ 3iQ Bitcoin ETFPairCorr
  0.81EBIT Bitcoin ETF CADPairCorr
  0.8BTCC Purpose Bitcoin ETFPairCorr
  0.69CBCX CI Galaxy BlockchainPairCorr
  0.81ETC Evolve CryptocurrenciesPairCorr

Related Correlations Analysis


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

HCAL
+ 0.99
BANK
FCCV
+ 0.95
BANK
HCAL
+ 0.95
FCCV
VI
+ 0.93
VDU
BANK
+ 0.87
VI
HCAL
+ 0.84
VI
  

High negative correlations

HCAL
- 0.31
TUED
TUED
- 0.3
FCCV
TUED
- 0.29
BANK
ZDI
- 0.2
TUED
XSU
- 0.16
ENCC
TUED
- 0.15
ENCC

Vanguard FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard FTSE 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 FTSE'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VDU  0.57  0.04  0.00  0.18  0.72 
(0.57)
 1.05 
(1.05)
 3.18 
VI  0.45  0.08  0.04  0.26  0.54 
(0.43)
 1.01 
(1.14)
 3.10 
VCNS  0.26  0.00 (0.14) 0.09  0.31 
(0.27)
 0.54 
(0.66)
 1.53 
ENCC  0.58 (0.02) 0.00  2.12  0.00 
 0.00 
 1.15 
(1.33)
 4.86 
XSU  1.01 (0.01)(0.02) 0.06  1.31 
(0.95)
 1.94 
(2.01)
 7.29 
BANK  0.46  0.21  0.25  0.71  0.00 
(0.55)
 1.31 
(0.79)
 3.00 
FCCV  0.70  0.13  0.10  0.35  0.65 
(0.76)
 1.80 
(1.34)
 4.09 
TUED  0.78 (0.05)(0.07)(0.02) 1.20 
(0.70)
 1.71 
(1.92)
 5.10 
HCAL  0.60  0.20  0.20  0.49  0.42 
(0.72)
 1.35 
(1.30)
 3.65 
ZDI  0.49  0.07  0.03  0.27  0.49 
(0.52)
 1.11 
(0.90)
 3.11 

Be your own money manager

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

Did you try this?

Run Cryptocurrency Center Now

   

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY