Avantis Small Correlations

AVUV Etf

USD 87.86 0.61 0.69%

The current 90-days correlation between Avantis Small Cap and Dimensional ETF Trust is 0.68 (i.e., Poor diversification). The correlation of Avantis Small 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.

Avantis Small Correlation With Market

Poor diversification

The correlation between Avantis Small Cap and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Small Cap 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 Small Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Avantis Etf

0.97	VBR	Vanguard Small Cap	Pair Corr
0.98	IWN	iShares Russell 2000	Pair Corr
0.92	IJJ	iShares SP Mid	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
0.74	IJS	iShares SP Small	Pair Corr
0.99	SLYV	SPDR SP 600	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.92	MDYV	SPDR SP 400	Pair Corr
0.96	CALF	Pacer Small Cap	Pair Corr
0.91	VTI	Vanguard Total Stock	Pair Corr
0.88	SPY	SPDR SP 500	Pair Corr
0.88	IVV	iShares Core SP	Pair Corr
0.93	VUG	Vanguard Growth Index	Pair Corr
0.83	VO	Vanguard Mid Cap	Pair Corr
0.85	MSFT	Microsoft	Pair Corr
0.66	BA	Boeing	Pair Corr
0.87	BAC	Bank of America	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.89	HD	Home Depot	Pair Corr

Moving against Avantis Etf

0.74	BND	Vanguard Total Bond	Pair Corr
0.61	VEA	Vanguard FTSE Developed	Pair Corr
0.56	GDXU	MicroSectors Gold Miners	Pair Corr
0.79	VZ	Verizon Communications	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr
0.74	KO	Coca Cola	Pair Corr
0.64	MCD	McDonalds	Pair Corr
0.4	IBM	International Business	Pair Corr
0.38	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV
DISV		-0.64	-0.76	-0.69	-0.74	-0.71	-0.74	-0.71	-0.64	DISV
VB	-0.64		0.97	0.99	0.97	0.99	0.96	0.98	0.99	VB
MMSC	-0.76	0.97		0.98	0.97	0.98	0.98	0.99	0.96	MMSC
VIOG	-0.69	0.99	0.98		0.98	1.0	0.98	0.99	0.99	VIOG
VIOV	-0.74	0.97	0.97	0.98		1.0	0.97	0.98	0.98	VIOV
VIOO	-0.71	0.99	0.98	1.0	1.0		0.98	0.99	0.99	VIOO
DWAS	-0.74	0.96	0.98	0.98	0.97	0.98		0.99	0.97	DWAS
VTWG	-0.71	0.98	0.99	0.99	0.98	0.99	0.99		0.98	VTWG
VTWV	-0.64	0.99	0.96	0.99	0.98	0.99	0.97	0.98		VTWV
	DISV	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG	VTWV

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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

VIOO	+ 1.0	VIOG
VIOO	+ 1.0	VIOV
VIOG	+ 0.99	VB
VIOO	+ 0.99	VB
VTWV	+ 0.99	VB
VTWG	+ 0.99	MMSC

High negative correlations

MMSC	- 0.76	DISV
DWAS	- 0.74	DISV
VIOV	- 0.74	DISV
VTWG	- 0.71	DISV
VIOO	- 0.71	DISV
VIOG	- 0.69	DISV

Avantis Small Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis Small 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 Small'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
DISV	0.66	0.17	0.21	0.23	0.69	(0.66)	1.54	(1.20)	5.30
VB	0.91	(0.11)	0.00	(0.18)	0.00	0.00	1.41	(2.41)	4.41
MMSC	1.19	(0.17)	0.00	(0.23)	0.00	0.00	1.95	(3.30)	5.91
VIOG	0.92	(0.14)	0.00	(0.21)	0.00	0.00	1.62	(2.28)	4.96
VIOV	0.91	(0.16)	0.00	(0.23)	0.00	0.00	1.48	(2.12)	4.36
VIOO	0.89	(0.15)	0.00	(0.22)	0.00	0.00	1.57	(2.17)	4.38
DWAS	1.46	(0.18)	0.00	(0.21)	0.00	0.00	2.79	(3.89)	8.13
VTWG	1.10	(0.13)	0.00	(0.19)	0.00	0.00	1.90	(2.72)	6.10
VTWV	0.88	(0.12)	0.00	(0.20)	0.00	0.00	1.47	(2.27)	4.73

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