Vanguard Long Correlations

BLV Etf

USD 69.85 0.58 0.82%

The current 90-days correlation between Vanguard Long Term and Vanguard Intermediate Term Bond is 0.95 (i.e., Almost no diversification). The correlation of Vanguard Long 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.

Vanguard Long Correlation With Market

Average diversification

The correlation between Vanguard Long Term Bond and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Long Term Bond 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 Vanguard Long Term Bond. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Vanguard Etf

0.99	IGLB	iShares 10 Year	Pair Corr
0.99	SPLB	SPDR Barclays Long	Pair Corr
0.86	FFIU	Fieldstone UVA Uncon	Pair Corr
0.98	LKOR	FlexShares Credit	Pair Corr
0.89	FXY	Invesco CurrencyShares	Pair Corr
0.95	PMBS	PIMCO Mortgage Backed	Pair Corr
0.66	GDXU	MicroSectors Gold Miners	Pair Corr
0.83	KO	Coca Cola	Pair Corr
0.87	T	ATT Inc Sell-off Trend	Pair Corr
0.87	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.8	PG	Procter Gamble	Pair Corr

Moving against Vanguard Etf

0.71	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.46	AXP	American Express	Pair Corr
0.46	BAC	Bank of America Aggressive Push	Pair Corr
0.4	HD	Home Depot	Pair Corr
0.34	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	BIV	BSV	VCLT	VGLT	EDV
BIV		0.95	0.93	0.97	0.92	BIV
BSV	0.95		0.79	0.88	0.79	BSV
VCLT	0.93	0.79		0.97	0.97	VCLT
VGLT	0.97	0.88	0.97		0.98	VGLT
EDV	0.92	0.79	0.97	0.98		EDV
	BIV	BSV	VCLT	VGLT	EDV

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Vanguard Long Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Long 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 Long'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
BIV	0.26	0.01	0.16	0.56	0.26	(0.27)	0.55	(0.47)	1.41
BSV	0.10	0.02	0.40	(0.82)	0.00	(0.10)	0.22	(0.18)	0.57
VCLT	0.49	(0.01)	0.00	(0.13)	0.00	0.00	1.11	(0.79)	2.49
VGLT	0.59	0.01	0.06	0.18	0.67	(0.60)	1.47	(1.07)	2.95
EDV	0.93	(0.02)	0.00	(0.47)	0.00	0.00	2.32	(1.94)	4.49

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