VanEck Vectors Correlations

MOTG Etf

USD 37.55 0.62 1.68%

The current 90-days correlation between VanEck Vectors ETF and VanEck Morningstar International is 0.73 (i.e., Poor diversification). The correlation of VanEck Vectors 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 Vectors Correlation With Market

Modest diversification

The correlation between VanEck Vectors ETF and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Vectors ETF 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 Vectors ETF. 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

0.84	VT	Vanguard Total World	Pair Corr
0.8	ACWI	iShares MSCI ACWI	Pair Corr
0.9	ACWV	iShares MSCI Global	Pair Corr
0.72	URTH	iShares MSCI World	Pair Corr
0.74	CRBN	iShares MSCI ACWI	Pair Corr
0.88	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.72	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.81	SPGM	SPDR Portfolio MSCI	Pair Corr
0.65	SDG	iShares MSCI Global	Pair Corr
0.67	SPXL	Direxion Daily SP500	Pair Corr
0.66	UPRO	ProShares UltraPro SP500	Pair Corr
0.63	RFDA	RiverFront Dynamic	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr

Moving against VanEck Etf

0.42	OBIL	US Treasury 12	Pair Corr
0.34	FBGX	UBS	Pair Corr
0.36	BA	Boeing Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MOTI	SMOT	GLIF	MOTE	IMCV
MOTI		0.31	0.0	0.49	0.29	MOTI
SMOT	0.31		0.0	0.94	0.9	SMOT
GLIF	0.0	0.0		0.0	0.0	GLIF
MOTE	0.49	0.94	0.0		0.84	MOTE
IMCV	0.29	0.9	0.0	0.84		IMCV
	MOTI	SMOT	GLIF	MOTE	IMCV

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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

MOTE	+ 0.94	SMOT
IMCV	+ 0.9	SMOT
IMCV	+ 0.84	MOTE
MOTE	+ 0.49	MOTI
SMOT	+ 0.31	MOTI
IMCV	+ 0.29	MOTI

High negative correlations

IMCV	- 0.0	GLIF
MOTE	- 0.0	GLIF
GLIF	- 0.0	SMOT
GLIF	- 0.0	MOTI

VanEck Vectors Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Vectors 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 Vectors' 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
MOTI	0.77	(0.07)	0.00	(0.25)	0.00	0.00	1.35	(1.97)	4.55
SMOT	0.70	0.05	0.04	0.15	0.86	(0.76)	1.58	(1.40)	6.31
GLIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MOTE	0.57	0.00	(0.02)	0.01	0.84	(0.58)	1.09	(0.98)	4.57
IMCV	0.64	0.00	(0.02)	0.02	0.77	(0.79)	1.13	(0.88)	5.63

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