VanEck Natural Correlations

HAP Etf

USD 46.34 1.50 3.14%

The current 90-days correlation between VanEck Natural Resources and Invesco SP 500 is 0.06 (i.e., Significant diversification). The correlation of VanEck Natural 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.

VanEck Natural Correlation With Market

Weak diversification

The correlation between VanEck Natural Resources and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Natural Resources and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Natural Resources. 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

0.9	XLB	Materials Select Sector	Pair Corr
0.74	VAW	Vanguard Materials Index	Pair Corr
0.93	MOO	VanEck Agribusiness ETF	Pair Corr
0.89	FXZ	First Trust Materials	Pair Corr
0.89	IYM	iShares Basic Materials	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.78	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.73	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.62	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Moving against VanEck Etf

0.83	VR	VR	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.43	KONG	Formidable Fortress ETF	Pair Corr
0.42	JAVA	JPMorgan Active Value	Pair Corr
0.74	WMT	Walmart	Pair Corr
0.73	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.67	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.64	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.39	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	RGI	RCD	RHS	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX
RGI		0.87	-0.5	0.0	0.42	0.58	0.08	-0.7	0.65	0.53	RGI
RCD	0.87		-0.26	0.0	0.5	0.65	0.31	-0.81	0.72	0.73	RCD
RHS	-0.5	-0.26		0.0	0.21	-0.01	0.49	0.34	-0.47	0.3	RHS
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.42	0.5	0.21	0.0		0.44	0.39	-0.05	-0.14	0.71	MSTSX
LBHIX	0.58	0.65	-0.01	0.0	0.44		0.62	-0.54	0.42	0.75	LBHIX
ABHYX	0.08	0.31	0.49	0.0	0.39	0.62		-0.31	0.11	0.64	ABHYX
SCAXF	-0.7	-0.81	0.34	0.0	-0.05	-0.54	-0.31		-0.88	-0.46	SCAXF
VIASP	0.65	0.72	-0.47	0.0	-0.14	0.42	0.11	-0.88		0.33	VIASP
RRTLX	0.53	0.73	0.3	0.0	0.71	0.75	0.64	-0.46	0.33		RRTLX
	RGI	RCD	RHS	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX

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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

RCD	+ 0.87	RGI
RRTLX	+ 0.75	LBHIX
RRTLX	+ 0.73	RCD
VIASP	+ 0.72	RCD
RRTLX	+ 0.71	MSTSX
VIASP	+ 0.65	RGI

High negative correlations

VIASP	- 0.88	SCAXF
SCAXF	- 0.81	RCD
SCAXF	- 0.7	RGI
SCAXF	- 0.54	LBHIX
RHS	- 0.5	RGI
VIASP	- 0.47	RHS

VanEck Natural Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Natural 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 Natural'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
RGI	0.65	0.08	0.11	0.28	0.48	(0.85)	1.47	(0.86)	5.20
RCD	0.68	0.14	0.18	1.48	0.48	(0.80)	1.52	(1.02)	3.36
RHS	0.48	(0.07)	0.00	(0.47)	0.00	0.00	0.84	(1.06)	2.47
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.45	0.01	(0.02)	0.14	0.46	(0.59)	1.21	(0.84)	2.80
LBHIX	0.09	(0.01)	(0.11)	(0.19)	0.12	(0.26)	0.24	(0.24)	0.71
ABHYX	0.18	(0.02)	0.00	(0.20)	0.00	0.00	0.34	(0.44)	1.91
SCAXF	0.70	(0.37)	0.00	(1.28)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.12	0.07	(0.74)	1.08	(0.81)	2.00	(1.20)	6.28
RRTLX	0.21	0.00	(0.07)	(0.04)	0.24	(0.24)	0.48	(0.47)	1.36

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