Vanguard Global Correlations

Etfs . USA . 
Etf . Vanguard Global ex US
VNQI Etf  USD 40.77  0.20  0.49%   
The current 90-days correlation between Vanguard Global ex and Vanguard FTSE All World is 0.83 (i.e., Very poor diversification). The correlation of Vanguard Global 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 Global Correlation With Market

Very weak diversification

The correlation between Vanguard Global ex US and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Global ex US 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 Global ex US. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Vanguard Etf

  0.84REET iShares Global REITPairCorr
  0.87RWO SPDR Dow JonesPairCorr
  0.99HAUZ Xtrackers InternationalPairCorr
  0.96RWX SPDR Dow JonesPairCorr
  0.85GQRE FlexShares Global QualityPairCorr
  0.9AVRE Avantis Real EstatePairCorr
  0.96IFGL iShares InternationalPairCorr
  0.79WTRE WisdomTree New EconomyPairCorr
  0.8BND Vanguard Total Bond Sell-off TrendPairCorr
  0.9VEA Vanguard FTSE DevelopedPairCorr
  0.81GDXU MicroSectors Gold MinersPairCorr
  0.76MCD McDonaldsPairCorr
  0.65TRV The Travelers CompaniesPairCorr
  0.66INTC IntelPairCorr
  0.8JNJ Johnson JohnsonPairCorr
  0.78GE GE AerospacePairCorr
  0.74VZ Verizon CommunicationsPairCorr
  0.61DD Dupont De NemoursPairCorr
  0.71CSCO Cisco SystemsPairCorr

Moving against Vanguard Etf

  0.69MRK Merck CompanyPairCorr
  0.58MSFT MicrosoftPairCorr
  0.49AA Alcoa CorpPairCorr

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   
SCHH
+ 0.99
VNQ
VYMI
+ 0.83
VSS
VNQ
+ 0.7
VSS
SCHH
+ 0.7
VSS
VYMI
+ 0.66
SCHH
VYMI
+ 0.65
VNQ
  
High negative correlations   
VYMI
- 0.0
BNDX

Vanguard Global Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Global 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 Global'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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