Vanguard Canadian Correlations

VSB Etf

CAD 23.31 0.02 0.09%

The current 90-days correlation between Vanguard Canadian Short and Vanguard Canadian Short Term is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Canadian Short moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard Canadian Correlation With Market

Significant diversification

The correlation between Vanguard Canadian Short and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Canadian Short and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard Canadian 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 Canadian 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 Canadian - 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 Canadian Short to buy it.

Moving together with Vanguard Etf

1.0	XSB	iShares Canadian Short	Pair Corr
0.98	XSH	iShares Core Canadian	Pair Corr
0.98	ZCS	BMO Short Corporate	Pair Corr
0.79	ZST	BMO Ultra Short	Pair Corr
0.94	CBO	iShares 1 5	Pair Corr
0.97	PSB	Invesco 1 5	Pair Corr
0.8	XFR	iShares Floating Rate	Pair Corr
0.99	CLF	iShares 1 5	Pair Corr
0.99	ZFS	BMO Short Federal	Pair Corr
0.65	HQU	BetaPro NASDAQ 100	Pair Corr
0.63	XIT	iShares SPTSX Capped	Pair Corr
0.68	FHQ	First Trust AlphaDEX	Pair Corr
0.7	XQQ	iShares NASDAQ 100	Pair Corr
0.7	ZQQ	BMO NASDAQ 100	Pair Corr
0.72	ZUQ	BMO MSCI USA	Pair Corr
0.75	XUS	iShares Core SP	Pair Corr
0.74	ZSP	BMO SP 500	Pair Corr
0.7	UBIL-U	Global X 0	Pair Corr
0.8	QCLN	First Trust Nasdaq	Pair Corr
0.75	ZGRO	BMO Growth ETF	Pair Corr
0.74	CMAG	CI Munro Alternative	Pair Corr
0.7	QETH-U	Ether Fund	Pair Corr
0.78	QQCL	Global X Enhanced	Pair Corr
0.77	CASH	GLOBAL X HIGH	Pair Corr
0.75	SITU	Scotia Equity Index	Pair Corr
0.63	FBTC	Fidelity Advantage	Pair Corr
0.78	USCL	Global X Enhanced	Pair Corr
0.9	ZUAG	BMO Aggregate Bond	Pair Corr
0.89	ZIC	BMO Mid Term	Pair Corr
0.81	HPR	Global X Active	Pair Corr
0.97	TERM	Manulife Smart Short	Pair Corr

Related Correlations Analysis

	VSC	VAB	XSB	VEF	XQB
VSC		0.71	0.99	0.19	0.73	VSC
VAB	0.71		0.71	0.52	0.9	VAB
XSB	0.99	0.71		0.21	0.72	XSB
VEF	0.19	0.52	0.21		0.48	VEF
XQB	0.73	0.9	0.72	0.48		XQB
	VSC	VAB	XSB	VEF	XQB

Click cells to compare fundamentals

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Vanguard Canadian Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Canadian 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 Canadian'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
VSC	0.12	0.01	(0.08)	0.60	0.00	(0.16)	0.34	(0.21)	0.84
VAB	0.30	0.00	(0.06)	0.75	0.32	(0.36)	0.66	(0.61)	1.95
XSB	0.11	0.00	(0.10)	0.32	0.00	(0.15)	0.34	(0.23)	0.82
VEF	0.45	(0.01)	(0.03)	(0.01)	0.68	(0.40)	0.83	(1.05)	2.82
XQB	0.27	0.01	(0.04)	0.17	0.28	(0.32)	0.64	(0.53)	1.79

Be your own money manager

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