VanEck Emerging Correlations

HYEM Etf

USD 19.74 0.03 0.15%

The current 90-days correlation between VanEck Emerging Markets and BondBloxx ETF Trust is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Emerging Correlation With Market

Weak diversification

The correlation between VanEck Emerging Markets and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with VanEck Etf

0.88	EMB	iShares JP Morgan Symbol Change	Pair Corr
0.92	PCY	Invesco Emerging Markets	Pair Corr
0.98	EMHY	iShares JP Morgan	Pair Corr
0.87	CEMB	iShares JP Morgan	Pair Corr
0.94	XEMD	Bondbloxx ETF Trust	Pair Corr
0.87	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.85	EMBD	Global X Emerging	Pair Corr
0.91	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.85	JPMB	JPMorgan USD Emerging	Pair Corr
0.83	EMCB	WisdomTree Emerging	Pair Corr
0.83	WIP	SPDR FTSE International	Pair Corr
0.65	ISHG	iShares 1 3	Pair Corr
0.63	IGOV	iShares International	Pair Corr
0.86	GDXU	MicroSectors Gold Miners	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.63	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.77	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.9	MMM	3M Company	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.81	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against VanEck Etf

0.69	EU	enCore Energy Corp	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.7	MRK	Merck Company	Pair Corr
0.67	MSFT	Microsoft Aggressive Push	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.45	CAT	Caterpillar	Pair Corr
0.33	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	XB	VEMY	DUKH	MUSE	VSHY	EMHY	NHYM	NJNK	EVHY
XB		0.91	0.63	0.83	0.92	0.9	-0.01	0.97	0.94	XB
VEMY	0.91		0.43	0.91	0.89	0.99	0.07	0.94	0.98	VEMY
DUKH	0.63	0.43		0.4	0.52	0.47	0.02	0.61	0.53	DUKH
MUSE	0.83	0.91	0.4		0.86	0.91	0.05	0.87	0.91	MUSE
VSHY	0.92	0.89	0.52	0.86		0.88	-0.05	0.92	0.91	VSHY
EMHY	0.9	0.99	0.47	0.91	0.88		0.07	0.94	0.98	EMHY
NHYM	-0.01	0.07	0.02	0.05	-0.05	0.07		0.0	0.04	NHYM
NJNK	0.97	0.94	0.61	0.87	0.92	0.94	0.0		0.98	NJNK
EVHY	0.94	0.98	0.53	0.91	0.91	0.98	0.04	0.98		EVHY
	XB	VEMY	DUKH	MUSE	VSHY	EMHY	NHYM	NJNK	EVHY

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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

EMHY	+ 0.99	VEMY
EVHY	+ 0.98	VEMY
EVHY	+ 0.98	EMHY
EVHY	+ 0.98	NJNK
NJNK	+ 0.97	XB
EVHY	+ 0.94	XB

High negative correlations

NHYM	- 0.05	VSHY
NHYM	- 0.01	XB
NJNK	- 0.0	NHYM

VanEck Emerging Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Emerging 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 Emerging'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
XB	0.23	0.01	0.13	0.03	0.26	(0.23)	0.46	(0.46)	1.09
VEMY	0.26	0.02	0.14	0.09	0.34	(0.26)	0.58	(0.48)	1.65
DUKH	0.18	(0.01)	0.00	(0.13)	0.00	0.00	0.40	(0.36)	0.84
MUSE	0.15	0.01	0.12	0.48	0.27	(0.18)	0.30	(0.30)	2.11
VSHY	0.18	0.00	0.13	0.01	0.21	(0.21)	0.47	(0.28)	1.12
EMHY	0.24	0.02	0.12	0.06	0.33	(0.26)	0.55	(0.39)	1.42
NHYM	0.20	0.00	0.11	(0.04)	0.27	(0.22)	0.40	(0.39)	1.90
NJNK	0.21	0.01	0.14	0.04	0.26	(0.22)	0.41	(0.40)	1.27
EVHY	0.19	0.02	0.17	0.06	0.21	(0.20)	0.42	(0.34)	1.10

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