Vanguard International Correlations

VYMI Etf

USD 70.97 0.83 1.18%

The current 90-days correlation between Vanguard International and Vanguard International Dividend is 0.86 (i.e., Very poor diversification). The correlation of Vanguard International 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 International Correlation With Market

Weak diversification

The correlation between Vanguard International High and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard International High 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 International High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Vanguard Etf

0.97	EFV	iShares MSCI EAFE Low Volatility	Pair Corr
0.88	FNDF	Schwab Fundamental	Pair Corr
0.97	IDV	iShares International Low Volatility	Pair Corr
0.83	DFIV	Dimensional International	Pair Corr
0.94	IVLU	iShares Edge MSCI	Pair Corr
0.89	RODM	Hartford Multifactor	Pair Corr
0.87	PXF	Invesco FTSE RAFI	Pair Corr
0.96	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.88	PID	Invesco International	Pair Corr
0.71	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.69	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Vanguard Etf

0.42	BA	Boeing	Pair Corr
0.36	DIS	Walt Disney Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VIGI	VNQI	VYM	VWOB	VSS
VIGI		0.91	0.33	0.63	0.94	VIGI
VNQI	0.91		0.17	0.38	0.9	VNQI
VYM	0.33	0.17		0.57	0.25	VYM
VWOB	0.63	0.38	0.57		0.6	VWOB
VSS	0.94	0.9	0.25	0.6		VSS
	VIGI	VNQI	VYM	VWOB	VSS

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Vanguard International Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard International 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 International'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
VIGI	0.50	(0.07)	0.00	(0.15)	0.00	0.00	1.06	(1.00)	3.79
VNQI	0.62	(0.10)	0.00	(0.24)	0.00	0.00	1.31	(1.51)	3.99
VYM	0.57	0.00	(0.06)	0.08	0.67	(0.65)	1.11	(0.81)	5.71
VWOB	0.29	0.00	(0.19)	0.09	0.36	(0.32)	0.60	(0.49)	2.41
VSS	0.57	(0.08)	0.00	(0.19)	0.00	0.00	1.15	(1.51)	4.27

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