VanEck BDC Correlations

BIZD Etf

USD 16.71 0.07 0.42%

The current 90-days correlation between VanEck BDC Income and Virtus InfraCap Preferred is 0.27 (i.e., Modest diversification). The correlation of VanEck BDC 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.

VanEck BDC Correlation With Market

Very weak diversification

The correlation between VanEck BDC Income and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck BDC Income 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 VanEck BDC Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with VanEck Etf

0.92	XLF	Financial Select Sector Aggressive Push	Pair Corr
0.89	VFH	Vanguard Financials Index	Pair Corr
0.69	KRE	SPDR SP Regional Sell-off Trend	Pair Corr
0.72	KBE	SPDR SP Bank	Pair Corr
0.89	IYF	iShares Financials ETF	Pair Corr
0.81	FNCL	Fidelity MSCI Financials	Pair Corr
0.89	IYG	iShares Financial	Pair Corr
0.71	FXO	First Trust Financials	Pair Corr
0.66	SPY	SPDR SP 500	Pair Corr
0.66	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.65	VO	Vanguard Mid Cap	Pair Corr
0.77	WMT	Walmart Aggressive Push	Pair Corr
0.88	JPM	JPMorgan Chase	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.7	GE	GE Aerospace	Pair Corr

Moving against VanEck Etf

0.65

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	PFFA	MORT	XFLT	YYY	TPVG
PFFA		0.6	-0.01	0.72	0.73	PFFA
MORT	0.6		-0.52	0.57	0.38	MORT
XFLT	-0.01	-0.52		0.04	0.3	XFLT
YYY	0.72	0.57	0.04		0.75	YYY
TPVG	0.73	0.38	0.3	0.75		TPVG
	PFFA	MORT	XFLT	YYY	TPVG

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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

TPVG	+ 0.75	YYY
TPVG	+ 0.73	PFFA
YYY	+ 0.72	PFFA
MORT	+ 0.6	PFFA
YYY	+ 0.57	MORT
TPVG	+ 0.38	MORT

High negative correlations

XFLT	- 0.52	MORT
XFLT	- 0.01	PFFA

VanEck BDC Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck BDC 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 VanEck BDC'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
PFFA	0.38	0.02	0.12	(0.01)	0.51	(0.37)	0.64	(0.92)	2.23
MORT	0.89	0.17	0.17	0.17	0.92	(0.99)	1.88	(1.19)	4.49
XFLT	0.60	(0.10)	0.00	(1.23)	0.00	0.00	0.95	(1.55)	4.53
YYY	0.41	0.02	0.16	0.31	0.45	(0.47)	0.86	(0.76)	2.17
TPVG	1.23	0.08	0.07	0.10	1.63	(1.29)	2.19	(2.23)	8.83

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