VanEck Sustainable Correlations

TSWE Etf

31.80 0.18 0.56%

The current 90-days correlation between VanEck Sustainable World and UBSFund Solutions MSCI is 0.13 (i.e., Average diversification). The correlation of VanEck Sustainable 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 Sustainable Correlation With Market

Very weak diversification

The correlation between VanEck Sustainable World and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Sustainable World and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VanEck Sustainable 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 Sustainable 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 Sustainable - 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 Sustainable World to buy it.

Moving together with VanEck Etf

0.7	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.9	VUSA	Vanguard SP 500	Pair Corr
0.72	CSNKY	iShares VII PLC	Pair Corr
0.94	CSSPX	iShares Core SP	Pair Corr
0.81	LYJPN	Lyxor Japan UCITS	Pair Corr
0.94	IUSA	iShares SP 500	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.33	-0.04	0.0	0.49	0.26	0.66	0.46	-0.43	0.32	META
MSFT	0.33		-0.36	0.02	0.29	0.13	0.22	0.14	0.14	-0.58	MSFT
UBER	-0.04	-0.36		0.05	-0.61	0.18	-0.45	-0.38	0.33	0.42	UBER
F	0.0	0.02	0.05		0.29	-0.38	0.39	0.58	-0.39	0.36	F
T	0.49	0.29	-0.61	0.29		-0.35	0.87	0.86	-0.73	0.0	T
A	0.26	0.13	0.18	-0.38	-0.35		-0.28	-0.46	0.56	0.02	A
CRM	0.66	0.22	-0.45	0.39	0.87	-0.28		0.92	-0.84	0.24	CRM
JPM	0.46	0.14	-0.38	0.58	0.86	-0.46	0.92		-0.87	0.24	JPM
MRK	-0.43	0.14	0.33	-0.39	-0.73	0.56	-0.84	-0.87		-0.36	MRK
XOM	0.32	-0.58	0.42	0.36	0.0	0.02	0.24	0.24	-0.36		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

JPM	+ 0.92	CRM
CRM	+ 0.87	T
JPM	+ 0.86	T
CRM	+ 0.66	META
JPM	+ 0.58	F
MRK	+ 0.56	A

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.84	CRM
MRK	- 0.73	T
T	- 0.61	UBER
XOM	- 0.58	MSFT
JPM	- 0.46	A

VanEck Sustainable Competition Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Sustainable 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 Sustainable'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	1.17	0.29	0.16	0.72	1.18	(1.37)	3.22	(1.87)	8.02
MSFT	0.87	0.05	0.01	0.21	1.40	(0.84)	2.09	(1.57)	8.19
UBER	1.85	(0.29)	0.00	(0.12)	0.00	0.00	2.69	(5.35)	20.41
F	1.40	(0.13)	(0.03)	0.03	2.15	(1.41)	2.53	(2.79)	11.21
T	0.98	0.13	0.02	2.38	1.05	(1.07)	2.36	(1.99)	6.74
A	1.22	0.03	(0.04)	0.25	1.48	(1.28)	2.71	(2.41)	9.02
CRM	1.47	0.41	0.30	0.41	1.02	(1.72)	3.59	(1.93)	13.87
JPM	1.00	0.07	0.13	0.15	0.90	(1.18)	1.73	(1.42)	15.87
MRK	0.93	(0.24)	0.00	(0.80)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.92	(0.01)	(0.07)	0.09	1.18	(0.98)	1.83	(1.96)	6.06

VanEck Sustainable Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with VanEck Sustainable etf to make a market-neutral strategy. Peer analysis of VanEck Sustainable could also be used in its relative valuation, which is a method of valuing VanEck Sustainable by comparing valuation metrics with similar companies.

UBSFund Solutions MSCI Vanguard SP 500 iShares VII PLC iShares Core SP Lyxor Japan UCITS iShares Core MSCI iShares SP 500 Lyxor UCITS Stoxx iShares Core Corp iShares JP Morgan American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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