Avantis All Correlations

AVGE Etf

USD 72.01 0.20 0.28%

The current 90-days correlation between Avantis All Equity and Avantis Small Cap is 0.91 (i.e., Almost no diversification). The correlation of Avantis All 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.

Avantis All Correlation With Market

Poor diversification

The correlation between Avantis All Equity and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis All Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis All Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Avantis Etf

0.96	VT	Vanguard Total World	Pair Corr
0.96	ACWI	iShares MSCI ACWI	Pair Corr
0.9	IOO	iShares Global 100	Pair Corr
0.98	URTH	iShares MSCI World	Pair Corr
0.96	CRBN	iShares MSCI ACWI	Pair Corr
0.98	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.97	SPGM	SPDR Portfolio MSCI	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.81	WMT	Walmart	Pair Corr
0.82	AXP	American Express	Pair Corr
0.86	JPM	JPMorgan Chase	Pair Corr
0.61	DIS	Walt Disney	Pair Corr

Moving against Avantis Etf

0.34	WTID	UBS ETRACS	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	AVUV	AVDV	AVUS	AVES	AVDE
AVUV		-0.67	0.91	-0.51	-0.67	AVUV
AVDV	-0.67		-0.42	0.78	0.98	AVDV
AVUS	0.91	-0.42		-0.37	-0.38	AVUS
AVES	-0.51	0.78	-0.37		0.73	AVES
AVDE	-0.67	0.98	-0.38	0.73		AVDE
	AVUV	AVDV	AVUS	AVES	AVDE

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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

AVDE	+ 0.98	AVDV
AVUS	+ 0.91	AVUV
AVES	+ 0.78	AVDV
AVDE	+ 0.73	AVES

High negative correlations

AVDE	- 0.67	AVUV
AVDV	- 0.67	AVUV
AVES	- 0.51	AVUV
AVUS	- 0.42	AVDV
AVDE	- 0.38	AVUS
AVES	- 0.37	AVUS

Avantis All Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis All 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 Avantis All'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
AVUV	0.86	(0.16)	0.00	(0.24)	0.00	0.00	1.49	(2.26)	4.60
AVDV	0.67	0.14	0.19	0.18	0.74	(0.72)	1.43	(1.02)	5.11
AVUS	0.78	(0.05)	0.00	(0.13)	0.00	0.00	1.18	(1.97)	4.30
AVES	0.64	0.03	0.08	0.00	0.83	(0.71)	1.22	(1.49)	4.66
AVDE	0.65	0.14	0.18	0.17	0.73	(0.66)	1.35	(1.16)	4.65

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