Vanguard Correlations

VIOG Etf

USD 120.11 0.65 0.54%

The current 90-days correlation between Vanguard SP Small and Vanguard SP Small Cap is 0.97 (i.e., Almost no diversification). The correlation of Vanguard 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 Correlation With Market

Weak diversification

The correlation between Vanguard SP Small Cap and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard SP Small Cap 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 SP Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Vanguard Etf

0.8	VBK	Vanguard Small Cap	Pair Corr
0.96	IWO	iShares Russell 2000	Pair Corr
1.0	IJT	iShares SP Small	Pair Corr
1.0	SLYG	SPDR SP 600	Pair Corr
0.9	JKK	iShares Morningstar	Pair Corr
0.95	VTWG	Vanguard Russell 2000	Pair Corr
0.95	VRTGX	Vanguard Russell 2000	Pair Corr
0.96	ISCG	iShares Morningstar	Pair Corr
0.73	IYG	iShares Financial	Pair Corr
0.68	IGV	iShares Expanded Tech	Pair Corr

Moving against Vanguard Etf

0.54	TMV	Direxion Daily 20 Sell-off Trend	Pair Corr
0.53	TBT	ProShares UltraShort	Pair Corr
0.42	YCS	ProShares UltraShort Yen	Pair Corr
0.42	BNO	United States Brent	Pair Corr
0.4	GSG	iShares SP GSCI	Pair Corr

Related Correlations Analysis

	VIOV	IVOG	VTWG	VIOO	IVOV
VIOV		0.96	0.98	0.99	0.97	VIOV
IVOG	0.96		0.96	0.98	0.98	IVOG
VTWG	0.98	0.96		0.98	0.96	VTWG
VIOO	0.99	0.98	0.98		0.97	VIOO
IVOV	0.97	0.98	0.96	0.97		IVOV
	VIOV	IVOG	VTWG	VIOO	IVOV

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Vanguard Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard 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'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
VIOV	0.87	0.04	0.03	0.11	1.13	(0.91)	1.86	(1.70)	10.37
IVOG	0.72	0.01	0.00	0.03	0.98	(0.73)	1.50	(1.15)	7.51
VTWG	1.00	0.03	0.01	0.07	1.23	(1.11)	1.91	(1.72)	9.83
VIOO	0.87	0.01	0.00	0.05	1.15	(0.85)	1.66	(1.62)	10.04
IVOV	0.71	0.04	0.03	0.12	0.90	(0.73)	1.47	(1.42)	8.47

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