Vanguard Dividend Correlations

Etfs . USA . 
Etf . Vanguard Dividend Appreciation
VIG Etf  USD 195.75  0.74  0.38%   
The current 90-days correlation between Vanguard Dividend and Vanguard High Dividend is 0.97 (i.e., Almost no diversification). The correlation of Vanguard Dividend 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.

Vanguard Dividend Correlation With Market

Very poor diversification

The correlation between Vanguard Dividend Appreciation and DJI is 0.8 (i.e., Very poor 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Dividend Appreciation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Vanguard Etf

  0.83VTI Vanguard Total StockPairCorr
  0.85SPY SPDR SP 500 Aggressive PushPairCorr
  0.85IVV iShares Core SPPairCorr
  0.85VV Vanguard Large CapPairCorr
  0.95RSP Invesco SP 500PairCorr
  0.84IWB iShares Russell 1000PairCorr
  0.8ESGU iShares ESG AwarePairCorr
  0.82DFAC Dimensional Core EquityPairCorr
  0.8SPLG SPDR Portfolio SPPairCorr
  0.78UPRO ProShares UltraPro SP500PairCorr
  0.81QTJA Innovator ETFs TrustPairCorr
  0.82QTOC Innovator ETFs TrustPairCorr
  0.88XTOC Innovator ETFs TrustPairCorr
  0.82QTAP Innovator Growth 100 Low VolatilityPairCorr
  0.87XTJA Innovator ETFs TrustPairCorr
  0.75XTAP Innovator Equity AccPairCorr
  0.9JPM JPMorgan ChasePairCorr
  0.65DD Dupont De NemoursPairCorr
  0.75HD Home DepotPairCorr
  0.62CSCO Cisco SystemsPairCorr
  0.73AXP American ExpressPairCorr
  0.63DIS Walt DisneyPairCorr
  0.69BAC Bank of America Aggressive PushPairCorr

Moving against Vanguard Etf

  0.56MRK Merck CompanyPairCorr

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   
SDY
+ 0.9
VNQ
SDY
+ 0.89
SCHD
SCHD
+ 0.82
VNQ
SCHD
+ 0.77
VYM
VNQ
+ 0.73
VYM
SDY
+ 0.59
VYM
  
High negative correlations   
SDY
- 0.26
VUG
VUG
- 0.09
SCHD
VUG
- 0.07
VNQ

Vanguard Dividend Constituents 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.

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