VanEck Vectors Correlations

QUAL Etf

57.18 0.15 0.26%

The current 90-days correlation between VanEck Vectors MSCI and VanEck Vectors Australian is -0.13 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VanEck Vectors Correlation With Market

Average diversification

The correlation between VanEck Vectors MSCI and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Vectors MSCI and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VanEck Vectors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck Vectors when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VanEck Vectors - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VanEck Vectors MSCI to buy it.

Moving together with VanEck Etf

0.94	IVV	iShares Core SP	Pair Corr
0.94	SPY	SPDR SP 500	Pair Corr
0.93	VTS	Vanguard Total Market	Pair Corr
0.86	IJR	iShares Core SP	Pair Corr
0.93	MOAT	VanEck Morningstar Wide	Pair Corr
0.91	IJH	iShares CoreSP MidCap	Pair Corr
0.95	VGS	Vanguard MSCI Intern	Pair Corr
0.94	WXOZ	SPDR SP World	Pair Corr

Related Correlations Analysis

	MVR	CETF	QSML	CLNE	GRNV	1GOV	MVS	MOAT
MVR		0.85	0.42	-0.24	0.42	-0.26	0.92	0.29	MVR
CETF	0.85		0.5	-0.46	0.37	-0.48	0.67	0.43	CETF
QSML	0.42	0.5		-0.84	0.75	-0.62	0.29	0.95	QSML
CLNE	-0.24	-0.46	-0.84		-0.56	0.76	-0.08	-0.84	CLNE
GRNV	0.42	0.37	0.75	-0.56		-0.15	0.31	0.65	GRNV
1GOV	-0.26	-0.48	-0.62	0.76	-0.15		-0.16	-0.71	1GOV
MVS	0.92	0.67	0.29	-0.08	0.31	-0.16		0.21	MVS
MOAT	0.29	0.43	0.95	-0.84	0.65	-0.71	0.21		MOAT
	MVR	CETF	QSML	CLNE	GRNV	1GOV	MVS	MOAT

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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

MOAT	+ 0.95	QSML
MVS	+ 0.92	MVR
CETF	+ 0.85	MVR
1GOV	+ 0.76	CLNE
GRNV	+ 0.75	QSML
MVS	+ 0.67	CETF

High negative correlations

MOAT	- 0.84	CLNE
CLNE	- 0.84	QSML
MOAT	- 0.71	1GOV
1GOV	- 0.62	QSML
GRNV	- 0.56	CLNE
1GOV	- 0.48	CETF

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
MVR	0.92	0.00	(0.08)	0.14	0.90	(1.23)	2.30	(1.44)	4.45
CETF	1.59	0.21	0.05	0.93	1.94	(1.94)	5.06	(2.27)	17.29
QSML	0.73	0.07	0.05	0.21	0.74	(0.83)	1.55	(1.05)	5.30
CLNE	1.03	(0.03)	0.00	0.18	0.00	0.00	1.62	(2.17)	11.40
GRNV	0.57	0.03	(0.04)	0.18	0.78	(0.62)	1.13	(1.02)	4.15
1GOV	0.12	(0.02)	0.00	(0.30)	0.00	0.00	0.22	(0.24)	1.09
MVS	0.66	0.02	(0.09)	0.21	0.73	(0.68)	1.21	(1.20)	4.19
MOAT	0.56	0.07	(0.02)	0.35	0.44	(0.63)	1.35	(1.09)	4.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in VanEck Vectors without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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