VanEck Intermediate Correlations

ITM Etf

USD 45.61 0.09 0.20%

The current 90-days correlation between VanEck Intermediate Muni and VanEck Long Muni is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Intermediate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Intermediate Muni moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck Intermediate Correlation With Market

Significant diversification

The correlation between VanEck Intermediate Muni 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 VanEck Intermediate Muni 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 Intermediate Muni. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with VanEck Etf

0.9	MUB	iShares National Muni Sell-off Trend	Pair Corr
0.96	VTEB	Vanguard Tax Exempt Sell-off Trend	Pair Corr
0.95	FMB	First Trust Managed	Pair Corr
0.88	MMIT	IQ MacKay Municipal	Pair Corr
0.88	HMOP	Hartford Municipal	Pair Corr
0.86	TAXF	American Century Div	Pair Corr
0.92	JMUB	JPMorgan Municipal	Pair Corr
0.9	MUST	Columbia Multi Sector	Pair Corr
0.88	MINO	PIMCO ETF Trust	Pair Corr
0.65	FXY	Invesco CurrencyShares	Pair Corr
0.67	PMBS	PIMCO Mortgage Backed	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.61	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.74	PG	Procter Gamble	Pair Corr
0.69	T	ATT Inc Aggressive Push	Pair Corr
0.69	MCD	McDonalds	Pair Corr

Moving against VanEck Etf

0.42	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.57	AA	Alcoa Corp	Pair Corr
0.55	MRK	Merck Company	Pair Corr
0.54	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	MLN	SMB	SHM	PZA	TFI
MLN		0.33	0.35	0.85	0.8	MLN
SMB	0.33		0.98	0.27	0.67	SMB
SHM	0.35	0.98		0.3	0.69	SHM
PZA	0.85	0.27	0.3		0.87	PZA
TFI	0.8	0.67	0.69	0.87		TFI
	MLN	SMB	SHM	PZA	TFI

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VanEck Intermediate Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Intermediate 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 Intermediate'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
MLN	0.32	(0.04)	0.00	0.81	0.00	0.00	0.57	(0.68)	1.53
SMB	0.09	0.00	0.21	0.01	0.08	(0.10)	0.18	(0.18)	0.70
SHM	0.08	0.00	0.28	0.40	0.05	(0.09)	0.19	(0.19)	0.42
PZA	0.29	(0.04)	0.00	(0.48)	0.00	0.00	0.56	(0.60)	1.54
TFI	0.20	(0.03)	0.00	(0.53)	0.00	0.00	0.35	(0.44)	1.10

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