Vanguard FTSE Correlations

VXC Etf  CAD 66.07  0.92  1.41%   
The current 90-days correlation between Vanguard FTSE Global and Vanguard FTSE Canada is 0.75 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard FTSE Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard FTSE Correlation With Market

Very weak diversification

The correlation between Vanguard FTSE Global and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE Global and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vanguard FTSE 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 FTSE 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 FTSE - 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 FTSE Global to buy it.

Moving together with Vanguard Etf

  0.98XEQT iShares Core EquityPairCorr
  1.0XAW iShares Core MSCIPairCorr
  0.96DXG Dynamic Active GlobalPairCorr
  1.0XWD iShares MSCI WorldPairCorr
  0.97VEQT Vanguard All EquityPairCorr
  0.79XMW iShares MSCI MinPairCorr
  0.61VVL Vanguard Global ValuePairCorr
  0.83HBLK Blockchain TechnologiesPairCorr
  0.65DXP Dynamic Active PreferredPairCorr
  0.9ZPAY BMO Premium YieldPairCorr
  0.82TERM Manulife Smart ShortPairCorr
  0.94TGRO TD Growth ETFPairCorr
  0.77HRAA Global X ReSolvePairCorr
  0.86EQCC Global X AllPairCorr
  0.97ZGRO-T BMO Growth ETFPairCorr
  0.74MCSB Mackenzie Canadian ShortPairCorr
  0.65DCG Desjardins 1 5PairCorr
  0.9XFN iShares SPTSX CappedPairCorr
  0.76CASH GLOBAL X HIGHPairCorr
  0.78FLCD Franklin FTSE CanadaPairCorr
  0.79TBCF TD Target 2026PairCorr
  0.98QUU Mackenzie Large CapPairCorr
  0.97SITU Scotia Equity IndexPairCorr
  0.94ZNQ BMO NASDAQ 100PairCorr
  0.87CINV CI Global AlphaPairCorr
  0.62HRED BetaPro Equal WeightPairCorr
  0.75MNY Purpose Cash ManagementPairCorr
  0.98ZGRO BMO Growth ETFPairCorr
  0.69MPY Mulvihill Premium YieldPairCorr
  0.75ZMBS BMO Canadian MBSPairCorr
  0.98ESGG BMO MSCI GlobalPairCorr

Moving against Vanguard Etf

  0.96HQD BetaPro NASDAQ 100PairCorr
  0.77HIU BetaPro SP 500PairCorr
  0.7HXD BetaPro SPTSX 60PairCorr
  0.5VRE Vanguard FTSE CanadianPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Vanguard FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard FTSE 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 FTSE'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.

Be your own money manager

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