Vanguard Russell Correlations

Etfs . USA . 
Etf . Vanguard Russell 2000
VTWV Etf  USD 157.24  2.48  1.60%   
The current 90-days correlation between Vanguard Russell 2000 and Invesco SP SmallCap is 0.96 (i.e., Almost no diversification). The correlation of Vanguard Russell 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vanguard Russell Correlation With Market

Very poor diversification

The correlation between Vanguard Russell 2000 and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Russell 2000 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 Russell 2000. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Vanguard Etf

  0.97VBR Vanguard Small CapPairCorr
  1.0IWN iShares Russell 2000PairCorr
  0.99DFAT Dimensional TargetedPairCorr
  1.0IJS iShares SP SmallPairCorr
  1.0SLYV SPDR SP 600PairCorr
  0.98AVUV Avantis Small CapPairCorr
  0.99DES WisdomTree SmallCapPairCorr
  0.88CALF Pacer Small Cap Low VolatilityPairCorr
  1.0VIOV Vanguard SP SmallPairCorr
  1.0VRTVX Vanguard Scottsdale FundsPairCorr
  0.87UPRO ProShares UltraPro SP500PairCorr
  0.79QTJA Innovator ETFs TrustPairCorr
  0.86QTOC Innovator ETFs TrustPairCorr
  0.87XTOC Innovator ETFs TrustPairCorr
  0.83QTAP Innovator Growth 100PairCorr
  0.69TSJA TSJAPairCorr
  0.8XTJA Innovator ETFs TrustPairCorr
  0.68DSJA DSJAPairCorr
  0.81XDJA Innovator ETFs TrustPairCorr
  0.86XTAP Innovator Equity AccPairCorr
  0.78INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.72WMT Walmart Aggressive PushPairCorr
  0.62CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.82JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.86BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.75DIS Walt Disney Aggressive PushPairCorr
  0.67TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.8CSCO Cisco Systems Aggressive PushPairCorr

Moving against Vanguard Etf

  0.71KO Coca Cola Aggressive PushPairCorr
  0.71JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.67MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Related Correlations Analysis

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