Vanguard Intermediate Correlations

VTEI Etf

100.04 0.04 0.04%

The current 90-days correlation between Vanguard Intermediate and SSGA Active Trust is -0.2 (i.e., Good diversification). The correlation of Vanguard Intermediate 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 Intermediate Correlation With Market

Very good diversification

The correlation between Vanguard Intermediate Term Tax and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Intermediate Term Tax 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 Intermediate Term Tax Exempt. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Vanguard Etf

0.98	MUB	iShares National Muni	Pair Corr
0.98	VTEB	Vanguard Tax Exempt	Pair Corr
0.99	FMB	First Trust Managed	Pair Corr
0.98	ITM	VanEck Intermediate Muni	Pair Corr
0.98	MMIT	IQ MacKay Municipal	Pair Corr
0.97	HMOP	Hartford Municipal	Pair Corr
0.98	TAXF	American Century Div	Pair Corr
0.99	JMUB	JPMorgan Municipal	Pair Corr
0.87	MUST	Columbia Multi Sector	Pair Corr
0.92	MINO	PIMCO ETF Trust	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.75	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against Vanguard Etf

0.5	RSPY	Tuttle Capital Management	Pair Corr
0.48	MEME	Roundhill Investments	Pair Corr
0.47	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.45	DSJA	DSJA	Pair Corr
0.43	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.39	HPQ	HP Inc	Pair Corr
0.37	BTC	Grayscale Bitcoin Mini	Pair Corr
0.64	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.52	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.4	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.35	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.35	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.29	0.57	-0.02	0.6	0.02	0.68	0.28	-0.56	0.72	META
MSFT	0.29		0.24	0.12	0.2	-0.02	0.02	-0.17	0.11	-0.18	MSFT
UBER	0.57	0.24		-0.02	0.02	0.26	0.05	-0.1	0.04	0.36	UBER
F	-0.02	0.12	-0.02		0.0	-0.37	0.36	0.62	-0.24	0.29	F
T	0.6	0.2	0.02	0.0		-0.48	0.73	0.49	-0.76	0.39	T
A	0.02	-0.02	0.26	-0.37	-0.48		-0.48	-0.65	0.64	-0.01	A
CRM	0.68	0.02	0.05	0.36	0.73	-0.48		0.83	-0.92	0.68	CRM
JPM	0.28	-0.17	-0.1	0.62	0.49	-0.65	0.83		-0.83	0.51	JPM
MRK	-0.56	0.11	0.04	-0.24	-0.76	0.64	-0.92	-0.83		-0.57	MRK
XOM	0.72	-0.18	0.36	0.29	0.39	-0.01	0.68	0.51	-0.57		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

JPM	+ 0.83	CRM
CRM	+ 0.73	T
XOM	+ 0.72	META
CRM	+ 0.68	META
XOM	+ 0.68	CRM
MRK	+ 0.64	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.83	JPM
MRK	- 0.76	T
JPM	- 0.65	A
XOM	- 0.57	MRK
MRK	- 0.56	META

Vanguard Intermediate Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Intermediate 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 Intermediate'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	1.05	0.00	(0.03)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.88	(0.08)	(0.07)	0.01	1.51	(0.82)	2.09	(1.85)	8.19
UBER	1.60	(0.14)	0.00	(0.02)	0.00	0.00	2.69	(2.44)	20.10
F	1.43	(0.12)	(0.02)	0.04	2.19	(1.43)	2.75	(2.90)	11.72
T	0.92	0.28	0.14	24.43	0.85	(1.04)	2.56	(1.72)	6.47
A	1.14	(0.13)	0.00	(0.12)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.29	0.25	0.37	0.90	(1.52)	3.18	(1.91)	9.09
JPM	1.12	0.00	0.06	0.12	1.44	(1.17)	2.05	(2.00)	15.87
MRK	0.85	(0.26)	0.00	(1.12)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.03	0.03	(0.01)	0.18	1.21	(1.11)	2.14	(2.09)	5.78

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