Vanguard Dividend Correlations

VGH Etf

CAD 65.30 0.16 0.24%

The current 90-days correlation between Vanguard Dividend and Vanguard Dividend Appreciation is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Dividend Appreciation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard Dividend Correlation With Market

Very weak diversification

The correlation between Vanguard Dividend Appreciation 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 Vanguard Dividend Appreciation and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vanguard Dividend 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 Dividend 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 Dividend - 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 Dividend Appreciation to buy it.

Moving together with Vanguard Etf

0.72	VGG	Vanguard Dividend	Pair Corr
0.7	CUD	iShares Dividend Growers	Pair Corr
0.72	ZDY	BMO Dividend ETF	Pair Corr
0.74	ZWH	BMO High Dividend	Pair Corr
0.73	XHD	iShares High Dividend	Pair Corr
0.94	ZUD	BMO Dividend CAD	Pair Corr
0.82	FCUD	Fidelity High Dividend	Pair Corr
0.87	XIU	iShares SPTSX 60	Pair Corr
0.85	XSP	iShares Core SP	Pair Corr
0.87	XIC	iShares Core SPTSX	Pair Corr
0.87	ZCN	BMO SPTSX Capped	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.38	0.56	-0.66	0.78	0.41	-0.15	0.85	-0.8	-0.38	META
MSFT	-0.38		-0.64	0.33	-0.52	0.2	0.72	-0.48	0.6	-0.04	MSFT
UBER	0.56	-0.64		-0.17	0.74	-0.03	-0.51	0.72	-0.75	0.33	UBER
F	-0.66	0.33	-0.17		-0.38	-0.1	0.38	-0.41	0.6	0.77	F
T	0.78	-0.52	0.74	-0.38		0.02	-0.27	0.71	-0.79	0.0	T
A	0.41	0.2	-0.03	-0.1	0.02		0.21	0.52	-0.01	-0.23	A
CRM	-0.15	0.72	-0.51	0.38	-0.27	0.21		-0.27	0.45	0.05	CRM
JPM	0.85	-0.48	0.72	-0.41	0.71	0.52	-0.27		-0.78	-0.09	JPM
MRK	-0.8	0.6	-0.75	0.6	-0.79	-0.01	0.45	-0.78		0.15	MRK
XOM	-0.38	-0.04	0.33	0.77	0.0	-0.23	0.05	-0.09	0.15		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	+ 0.85	META
T	+ 0.78	META
XOM	+ 0.77	F
T	+ 0.74	UBER
CRM	+ 0.72	MSFT
JPM	+ 0.72	UBER

High negative correlations

MRK	- 0.8	META
MRK	- 0.79	T
MRK	- 0.78	JPM
MRK	- 0.75	UBER
F	- 0.66	META
UBER	- 0.64	MSFT

Vanguard Dividend Competition Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Dividend 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 Dividend'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	1.32	0.28	0.18	0.75	1.37	(1.40)	3.22	(2.26)	7.11
MSFT	0.99	(0.06)	0.00	(0.24)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.89	0.17	0.06	(2.66)	2.76	(1.85)	4.72	(3.13)	12.29
F	1.34	(0.17)	0.00	(0.23)	0.00	0.00	2.46	(2.90)	10.97
T	0.91	0.26	0.23	0.48	0.92	(1.07)	1.80	(1.75)	7.94
A	1.07	0.11	0.10	0.15	1.03	(1.29)	2.81	(1.91)	6.12
CRM	1.43	(0.06)	0.00	(0.08)	0.00	0.00	3.10	(2.95)	15.92
JPM	0.90	0.10	0.08	0.13	1.20	(0.98)	1.92	(1.51)	6.85
MRK	1.26	(0.10)	0.00	(1.17)	0.00	0.00	2.43	(2.24)	11.57
XOM	0.94	(0.13)	0.00	(0.49)	0.00	0.00	1.76	(2.14)	5.69

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Our tools can tell you how much better you can do entering a position in Vanguard Dividend 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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