Vanguard FTSE Correlations

Etfs . USA . 
Etf . Vanguard FTSE All World
VEU Etf  USD 62.01  0.28  0.45%   
The current 90-days correlation between Vanguard FTSE All and Vanguard FTSE Emerging is 0.88 (i.e., Very poor diversification). The correlation of Vanguard FTSE 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.

Vanguard FTSE Correlation With Market

Good diversification

The correlation between Vanguard FTSE All World and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE All World and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard FTSE All World. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Vanguard Etf

  0.96VEA Vanguard FTSE DevelopedPairCorr
  0.99IEFA iShares Core MSCI Sell-off TrendPairCorr
  0.99EFA iShares MSCI EAFE Sell-off TrendPairCorr
  0.96IXUS iShares Core MSCIPairCorr
  0.96SPDW SPDR SP WorldPairCorr
  0.99IDEV iShares Core MSCIPairCorr
  0.96ESGD iShares ESG AwarePairCorr
  0.99JIRE JP Morgan ExchangePairCorr
  1.0DFAX Dimensional WorldPairCorr
  0.88GDXU MicroSectors Gold MinersPairCorr
  0.91JNJ Johnson Johnson Sell-off TrendPairCorr
  0.82MCD McDonaldsPairCorr
  0.67CVX Chevron CorpPairCorr
  0.74TRV The Travelers CompaniesPairCorr
  0.9VZ Verizon CommunicationsPairCorr
  0.77GE GE AerospacePairCorr
  0.7INTC Intel Sell-off TrendPairCorr
  0.65XOM Exxon Mobil Corp Earnings Call This WeekPairCorr

Moving against Vanguard Etf

  0.45UPRO ProShares UltraPro SP500PairCorr
  0.35QTOC Innovator ETFs TrustPairCorr
  0.32QTJA Innovator ETFs TrustPairCorr
  0.61MRK Merck CompanyPairCorr
  0.61CAT CaterpillarPairCorr
  0.52DIS Walt DisneyPairCorr
  0.49HPQ HP IncPairCorr
  0.47HD Home DepotPairCorr
  0.46AXP American ExpressPairCorr
  0.44BAC Bank of America Aggressive PushPairCorr

Related Correlations Analysis

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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   
VSS
+ 0.96
VWO
VEA
+ 0.88
BND
VEA
+ 0.79
VWO
VEA
+ 0.79
VSS
BND
+ 0.75
VWO
VSS
+ 0.7
BND
  
High negative correlations   
BND
- 0.65
VB
VEA
- 0.48
VB
VB
- 0.45
VWO
VSS
- 0.34
VB

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.

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