Vanguard FTSE Correlations
| VCN Etf | CAD 52.63 0.20 0.38% |
The current 90-days correlation between Vanguard FTSE Canada and iShares Core MSCI is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard FTSE Canada moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Vanguard FTSE Correlation With Market
Very weak diversification
The correlation between Vanguard FTSE Canada and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE Canada and DJI in the same portfolio, assuming nothing else is changed.
Vanguard |
The ability to find closely correlated positions to Vanguard FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard FTSE 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 Vanguard FTSE - 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 Vanguard FTSE Canada to buy it.
Moving together with Vanguard Etf
| 1.0 | XIU | iShares SPTSX 60 | PairCorr |
| 1.0 | XIC | iShares Core SPTSX | PairCorr |
| 1.0 | ZCN | BMO SPTSX Capped | PairCorr |
| 1.0 | HXT | Global X SPTSX | PairCorr |
| 1.0 | QCN | Mackenzie Canadian Equity | PairCorr |
| 0.97 | WXM | First Asset Morningstar | PairCorr |
| 1.0 | TTP | TD Canadian Equity | PairCorr |
| 1.0 | VCE | Vanguard FTSE Canada | PairCorr |
| 0.8 | FHE | First Trust Indxx | PairCorr |
| 0.9 | HBLK | Blockchain Technologies | PairCorr |
| 0.88 | HBGD | Global X Big | PairCorr |
| 0.83 | RBOT | Global X Robotics | PairCorr |
Moving against Vanguard Etf
Related Correlations Analysis
| 0.98 | 0.98 | -0.36 | -0.34 | XAW | ||
| 0.98 | 1.0 | -0.36 | -0.33 | VUN | ||
| 0.98 | 1.0 | -0.36 | -0.33 | XUU | ||
| -0.36 | -0.36 | -0.36 | 0.99 | VAB | ||
| -0.34 | -0.33 | -0.33 | 0.99 | ZAG | ||
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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
| High negative correlations
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Vanguard FTSE Constituents Risk-Adjusted Indicators
There is a big difference between Vanguard Etf performing well and Vanguard FTSE 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 FTSE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XAW | 0.47 | 0.06 | (0.01) | 0.26 | 0.40 | 1.06 | 2.75 | |||
| VUN | 0.53 | 0.13 | 0.09 | 0.42 | 0.44 | 1.08 | 4.66 | |||
| XUU | 0.54 | 0.12 | 0.08 | 0.39 | 0.48 | 1.12 | 4.66 | |||
| VAB | 0.27 | (0.01) | (0.31) | 0.02 | 0.33 | 0.61 | 1.34 | |||
| ZAG | 0.25 | (0.01) | (0.34) | 0.01 | 0.27 | 0.58 | 1.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vanguard FTSE 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.Did you try this?
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