Vanguard FTSE Correlations

VPL Etf

USD 74.68 0.03 0.04%

The current 90-days correlation between Vanguard FTSE Pacific and Vanguard Communication Services is 0.63 (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 Pacific moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vanguard FTSE Correlation With Market

Poor diversification

The correlation between Vanguard FTSE Pacific and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard FTSE Pacific 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 Pacific. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Vanguard Etf

0.99	IPAC	iShares Core MSCI	Pair Corr
0.77	FLGV	Franklin Liberty Treasury	Pair Corr
0.76	MLPB	UBS AG London	Pair Corr
0.95	IEFA	iShares Core MSCI	Pair Corr
0.79	XLV	Health Care Select	Pair Corr
0.8	DBND	DoubleLine Opportunistic	Pair Corr
0.92	ACWV	iShares MSCI Global	Pair Corr
0.91	GSEU	Goldman Sachs ActiveBeta	Pair Corr
0.93	BBEM	JP Morgan Exchange	Pair Corr
0.93	FLGB	Franklin FTSE United	Pair Corr
0.88	GDXJ	VanEck Junior Gold	Pair Corr
0.84	FT	Franklin Universal Closed	Pair Corr
0.88	KBUF	KraneShares Trust	Pair Corr
0.82	FTSD	Franklin Liberty Short	Pair Corr
0.94	FENI	Fidelity Covington Trust	Pair Corr
0.84	SPHD	Invesco SP 500	Pair Corr
0.86	GHMS	Goose Hollow Multi	Pair Corr
0.84	SPIB	SPDR Barclays Interm	Pair Corr
0.78	CLOA	BlackRock AAA CLO	Pair Corr
0.86	BKT	BlackRock Income Closed	Pair Corr
0.93	IMAY	Innovator ETFs Trust	Pair Corr
0.8	FBND	Fidelity Total Bond Sell-off Trend	Pair Corr
0.88	BNGE	First Trust S	Pair Corr
0.64	VNM	VanEck Vietnam ETF	Pair Corr
0.76	DFGP	Dimensional Global Core	Pair Corr
0.95	HFXI	IQ 50 Percent	Pair Corr
0.72	HSRT	Hartford Short Duration	Pair Corr

Moving against Vanguard Etf

0.51	USD	ProShares Ultra Semi	Pair Corr
0.44	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.42	TECL	Direxion Daily Technology	Pair Corr
0.39	ROM	ProShares Ultra Tech	Pair Corr
0.33	SMH	VanEck Semiconductor ETF	Pair Corr
0.32	SOXX	iShares Semiconductor ETF	Pair Corr

Related Correlations Analysis

	VGK	VV	VAW	VSS	VOX
VGK		-0.37	0.27	0.81	-0.09	VGK
VV	-0.37		0.69	-0.06	0.9	VV
VAW	0.27	0.69		0.39	0.75	VAW
VSS	0.81	-0.06	0.39		0.12	VSS
VOX	-0.09	0.9	0.75	0.12		VOX
	VGK	VV	VAW	VSS	VOX

Click cells to compare fundamentals

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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

VOX	+ 0.9	VV
VSS	+ 0.81	VGK
VOX	+ 0.75	VAW
VAW	+ 0.69	VV
VSS	+ 0.39	VAW
VAW	+ 0.27	VGK

High negative correlations

VV	- 0.37	VGK
VOX	- 0.09	VGK
VSS	- 0.06	VV

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
VGK	0.75	0.18	0.20	0.24	0.82	(0.82)	1.44	(1.38)	5.07
VV	0.83	(0.04)	0.00	(0.12)	0.00	0.00	1.26	(1.71)	4.56
VAW	0.81	(0.03)	0.00	(0.10)	0.00	0.00	1.60	(1.93)	5.11
VSS	0.64	0.05	0.09	0.02	0.85	(0.70)	1.32	(1.50)	4.92
VOX	0.91	(0.04)	0.00	(0.11)	0.00	0.00	1.45	(1.91)	5.58

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