Vanguard Correlations

VSP Etf

CAD 96.80 0.97 1.01%

The current 90-days correlation between Vanguard SP 500 and Vanguard SP 500 is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard Correlation With Market

Very weak diversification

The correlation between Vanguard SP 500 and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard SP 500 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard 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 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 - 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 SP 500 to buy it.

Moving together with Vanguard Etf

1.0	XSP	iShares Core SP	Pair Corr
0.8	ZSP	BMO SP 500	Pair Corr
0.79	VFV	Vanguard SP 500	Pair Corr
0.79	HXS	Global X SP	Pair Corr
0.8	XUS	iShares Core SP	Pair Corr
1.0	ZUE	BMO SP 500	Pair Corr
0.83	ZQQ	BMO NASDAQ 100	Pair Corr
0.84	XQQ	iShares NASDAQ 100	Pair Corr
0.82	XUU	iShares Core SP	Pair Corr
0.68	FBTC	Fidelity Advantage	Pair Corr
0.68	BTCQ	3iQ Bitcoin ETF	Pair Corr
0.69	EBIT	Bitcoin ETF CAD	Pair Corr
0.72	BTCC	Purpose Bitcoin CAD	Pair Corr
0.84	CBCX	CI Galaxy Blockchain	Pair Corr
0.72	BTCY	Purpose Bitcoin Yield	Pair Corr
0.71	ETC	Evolve Cryptocurrencies	Pair Corr
0.76	CLML	CI Global Climate	Pair Corr
0.64	QQCL	Global X Enhanced	Pair Corr
0.78	SITU	Scotia Equity Index	Pair Corr
0.75	PFAE	Picton Mahoney Fortified	Pair Corr
0.89	ZGRO-T	BMO Growth ETF	Pair Corr
0.93	FEQT	Fidelity All in	Pair Corr
0.67	ZNQ	BMO NASDAQ 100	Pair Corr
0.88	LEAD	Evolve Future Leadership	Pair Corr
0.86	ESGG	BMO MSCI Global	Pair Corr
0.85	CEW	iShares Equal Weight	Pair Corr
0.65	HERO	Evolve E Gaming	Pair Corr

Moving against Vanguard Etf

0.37

HGU

BetaPro Canadian Gold

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.57	-0.59	0.32	0.57	0.53	0.34	-0.06	-0.67	META
MSFT	0.73		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.57	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.59	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.32	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.57	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.34	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.06	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.67	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
MSFT	+ 0.73	META
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.67	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
F	- 0.59	META
T	- 0.58	UBER

Vanguard Competition 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
META	1.36	0.06	0.03	0.21	1.51	(1.56)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.33)	0.00	(26.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.08)	0.00	(0.17)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.08	0.06	0.24	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.10	0.79	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	1.11	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.17)	0.00	(0.68)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.71	(1.67)	6.06

Be your own money manager

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