Vanguard Extended Correlations

EDV Etf

USD 69.83 0.02 0.03%

The current 90-days correlation between Vanguard Extended and Vanguard Long Term Treasury is 0.99 (i.e., No risk reduction). The correlation of Vanguard Extended 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 Extended Correlation With Market

Significant diversification

The correlation between Vanguard Extended Duration and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Extended Duration and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vanguard Extended Duration. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Vanguard Etf

0.99	TLT	iShares 20 Year Sell-off Trend	Pair Corr
0.93	IEF	iShares 7 10	Pair Corr
0.99	SPTL	SPDR Barclays Long	Pair Corr
0.97	TLH	iShares 10 20	Pair Corr
0.9	GOVZ	iShares 25 Year	Pair Corr
0.98	SCHQ	Schwab Long Term	Pair Corr
0.69	BNDD	Quadratic Deflation ETF	Pair Corr
0.93	TYA	Simplify Exchange Traded	Pair Corr
0.85	FXY	Invesco CurrencyShares	Pair Corr
0.91	PMBS	PIMCO Mortgage Backed	Pair Corr
0.75	MCD	McDonalds	Pair Corr
0.8	PG	Procter Gamble	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.82	T	ATT Inc Aggressive Push	Pair Corr
0.83	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.79	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against Vanguard Etf

0.71	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.66	MSFT	Microsoft Aggressive Push	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.53	AXP	American Express	Pair Corr
0.43	MRK	Merck Company	Pair Corr
0.43	HD	Home Depot	Pair Corr
0.33	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	VGLT	VCLT	BLV	ZROZ	VGIT
VGLT		0.97	1.0	0.96	0.95	VGLT
VCLT	0.97		0.99	0.95	0.89	VCLT
BLV	1.0	0.99		0.96	0.94	BLV
ZROZ	0.96	0.95	0.96		0.84	ZROZ
VGIT	0.95	0.89	0.94	0.84		VGIT
	VGLT	VCLT	BLV	ZROZ	VGIT

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Vanguard Extended Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Extended 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 Extended'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
VGLT	0.58	0.00	0.00	0.10	0.67	(0.60)	1.47	(1.07)	2.95
VCLT	0.49	(0.01)	0.00	(0.10)	0.00	0.00	1.11	(0.79)	2.49
BLV	0.53	0.00	(0.01)	(0.05)	0.60	(0.55)	1.32	(0.88)	2.63
ZROZ	1.03	(0.05)	0.00	(2.66)	0.00	0.00	2.58	(2.10)	5.11
VGIT	0.21	0.02	0.07	(11.20)	0.16	(0.24)	0.43	(0.42)	1.24

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