Vanguard Correlations

IVOV Etf

USD 92.34 0.65 0.70%

The current 90-days correlation between Vanguard SP Mid and Vanguard SP Mid Cap is 0.87 (i.e., Very poor diversification). The correlation of Vanguard 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 Correlation With Market

Good diversification

The correlation between Vanguard SP Mid Cap and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard SP Mid Cap 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 Vanguard SP Mid Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Vanguard Etf

0.78	VBR	Vanguard Small Cap	Pair Corr
0.68	IWN	iShares Russell 2000	Pair Corr
1.0	IJJ	iShares SP Mid	Pair Corr
0.98	DFAT	Dimensional Targeted	Pair Corr
0.94	IJS	iShares SP Small	Pair Corr
0.67	SLYV	SPDR SP 600	Pair Corr
0.94	AVUV	Avantis Small Cap	Pair Corr
0.95	DES	WisdomTree SmallCap	Pair Corr
0.81	MDYV	SPDR SP 400	Pair Corr
0.83	CALF	Pacer Small Cap	Pair Corr
0.76	VTI	Vanguard Total Stock	Pair Corr
0.75	SPY	SPDR SP 500	Pair Corr
0.75	IVV	iShares Core SP	Pair Corr
0.68	VUG	Vanguard Growth Index	Pair Corr
0.79	VO	Vanguard Mid Cap	Pair Corr
0.61	BA	Boeing	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.74	HD	Home Depot	Pair Corr

Moving against Vanguard Etf

0.5	BND	Vanguard Total Bond	Pair Corr
0.35	GDXU	MicroSectors Gold Miners	Pair Corr
0.57	VZ	Verizon Communications	Pair Corr
0.52	TRV	The Travelers Companies	Pair Corr
0.51	MCD	McDonalds	Pair Corr
0.46	KO	Coca Cola	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	IVOG	IVOO	VIOV	VIOG	VTWV
IVOG		0.99	0.96	0.99	0.7	IVOG
IVOO	0.99		0.96	0.99	0.7	IVOO
VIOV	0.96	0.96		0.96	0.67	VIOV
VIOG	0.99	0.99	0.96		0.71	VIOG
VTWV	0.7	0.7	0.67	0.71		VTWV
	IVOG	IVOO	VIOV	VIOG	VTWV

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Vanguard Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard 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'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IVOG	0.92	(0.15)	3.25	1.67	(2.23)	4.85
IVOO	0.82	(0.10)	3.22	1.38	(1.65)	4.00
VIOV	0.87	(0.16)	(129.42)	1.48	(1.95)	3.97
VIOG	0.89	(0.15)	2.42	1.62	(2.02)	4.96
VTWV	0.88	(0.12)	(0.20)	1.47	(2.27)	4.73

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