VanEck ETF Correlations

MOTE Etf

USD 28.90 0.03 0.10%

The current 90-days correlation between VanEck ETF Trust and VanEck Morningstar International is 0.37 (i.e., Weak diversification). The correlation of VanEck ETF 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.

VanEck ETF Correlation With Market

Very weak diversification

The correlation between VanEck ETF Trust and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck ETF Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in VanEck ETF Trust. 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

0.64	VTI	Vanguard Total Stock	Pair Corr
0.61	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.61	IVV	iShares Core SP	Pair Corr
0.89	VIG	Vanguard Dividend	Pair Corr
0.93	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.69	IWB	iShares Russell 1000	Pair Corr
0.68	ESGU	iShares ESG Aware	Pair Corr
0.89	DFAC	Dimensional Core Equity	Pair Corr
0.67	SPLG	SPDR Portfolio SP	Pair Corr
0.79	BKT	BlackRock Income Closed	Pair Corr
0.9	RFDA	RiverFront Dynamic	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr
0.77	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.71	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.7	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against VanEck Etf

0.44	SGG	Barclays Capital	Pair Corr
0.35	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.75	-0.56	-0.52	0.32	0.69	0.51	0.48	-0.16	-0.64	META
MSFT	0.75		-0.46	-0.16	0.52	0.41	0.61	0.32	-0.07	-0.39	MSFT
UBER	-0.56	-0.46		0.66	-0.4	-0.24	-0.72	-0.43	0.52	0.8	UBER
F	-0.52	-0.16	0.66		0.1	-0.37	-0.13	-0.15	0.18	0.91	F
T	0.32	0.52	-0.4	0.1		0.16	0.76	0.46	-0.26	-0.08	T
A	0.69	0.41	-0.24	-0.37	0.16		0.23	0.61	-0.14	-0.34	A
CRM	0.51	0.61	-0.72	-0.13	0.76	0.23		0.57	-0.47	-0.33	CRM
JPM	0.48	0.32	-0.43	-0.15	0.46	0.61	0.57		-0.63	-0.23	JPM
MRK	-0.16	-0.07	0.52	0.18	-0.26	-0.14	-0.47	-0.63		0.25	MRK
XOM	-0.64	-0.39	0.8	0.91	-0.08	-0.34	-0.33	-0.23	0.25		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.91	F
XOM	+ 0.8	UBER
CRM	+ 0.76	T
MSFT	+ 0.75	META
A	+ 0.69	META
F	+ 0.66	UBER

High negative correlations

CRM	- 0.72	UBER
XOM	- 0.64	META
MRK	- 0.63	JPM
UBER	- 0.56	META
F	- 0.52	META
MRK	- 0.47	CRM

VanEck ETF Competition Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck ETF 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 ETF'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
META	1.41	0.17	0.08	0.51	1.54	(1.59)	3.43	(3.15)	7.43
MSFT	0.97	0.09	0.03	1.36	1.53	(0.97)	2.12	(1.73)	8.14
UBER	1.57	(0.23)	0.00	(0.61)	0.00	0.00	2.67	(5.35)	12.29
F	1.46	(0.12)	0.00	(0.20)	0.00	0.00	2.46	(2.90)	11.21
T	0.99	0.06	0.03	0.21	1.12	(1.07)	1.91	(1.84)	7.96
A	1.19	0.11	0.07	0.26	1.17	(1.41)	2.81	(2.42)	8.06
CRM	1.42	0.20	0.10	0.78	1.45	(1.64)	3.16	(2.88)	14.80
JPM	1.07	0.25	0.17	0.95	1.07	(1.26)	1.92	(1.42)	15.87
MRK	1.01	(0.19)	0.00	(1.02)	0.00	0.00	1.74	(2.17)	5.24
XOM	0.75	(0.15)	0.00	(0.28)	0.00	0.00	1.71	(1.67)	6.06

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