Vanguard Scottsdale Correlations

VRNIX Etf

USD 500.93 5.77 1.14%

The current 90-days correlation between Vanguard Scottsdale Funds and Vanguard FTSE Canadian is 0.18 (i.e., Average diversification). The correlation of Vanguard Scottsdale 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 Scottsdale Correlation With Market

Good diversification

The correlation between Vanguard Scottsdale Funds and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Scottsdale Funds 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 Scottsdale Funds. 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

0.88	VTI	Vanguard Total Stock	Pair Corr
0.88	SPY	SPDR SP 500	Pair Corr
0.89	IVV	iShares Core SP	Pair Corr
0.8	VIG	Vanguard Dividend	Pair Corr
0.88	VV	Vanguard Large Cap	Pair Corr
0.84	RSP	Invesco SP 500 Sell-off Trend	Pair Corr
0.88	IWB	iShares Russell 1000	Pair Corr
0.88	ESGU	iShares ESG Aware	Pair Corr
0.88	DFAC	Dimensional Core Equity	Pair Corr
0.89	SPLG	SPDR Portfolio SP	Pair Corr
0.87	UPRO	ProShares UltraPro SP500	Pair Corr
0.87	QTJA	Innovator ETFs Trust Low Volatility	Pair Corr
0.87	QTOC	Innovator ETFs Trust	Pair Corr
0.89	XTOC	Innovator ETFs Trust	Pair Corr
0.88	XTJA	Innovator ETFs Trust	Pair Corr
0.76	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.86	HD	Home Depot	Pair Corr
0.88	AXP	American Express	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.63	MSFT	Microsoft	Pair Corr

Moving against Vanguard Etf

0.35	GDXU	MicroSectors Gold Miners	Pair Corr
0.51	VZ	Verizon Communications	Pair Corr
0.47	JNJ	Johnson Johnson	Pair Corr
0.43	KO	Coca Cola Aggressive Push	Pair Corr
0.41	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VDYIF	VFLQ	VEMGF	VNGGF	VNGDF	VNGCF	VNGBF	VNGLF	VNGUF
VDYIF		0.0	-0.38	0.0	-0.45	0.0	-0.42	-0.42	0.0	VDYIF
VFLQ	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VFLQ
VEMGF	-0.38	0.0		0.0	-0.04	0.0	0.83	0.93	0.0	VEMGF
VNGGF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	VNGGF
VNGDF	-0.45	0.0	-0.04	0.0		0.0	-0.09	-0.11	0.0	VNGDF
VNGCF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VNGCF
VNGBF	-0.42	0.0	0.83	0.0	-0.09	0.0		0.87	0.0	VNGBF
VNGLF	-0.42	0.0	0.93	0.0	-0.11	0.0	0.87		0.0	VNGLF
VNGUF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VNGUF
	VDYIF	VFLQ	VEMGF	VNGGF	VNGDF	VNGCF	VNGBF	VNGLF	VNGUF

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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

VNGLF	+ 0.93	VEMGF
VNGLF	+ 0.87	VNGBF
VNGBF	+ 0.83	VEMGF
VFLQ	+ 0.0	VDYIF
VNGGF	+ 0.0	VDYIF
VNGCF	+ 0.0	VDYIF

High negative correlations

VNGDF	- 0.45	VDYIF
VNGLF	- 0.42	VDYIF
VNGBF	- 0.42	VDYIF
VEMGF	- 0.38	VDYIF
VNGLF	- 0.11	VNGDF
VNGBF	- 0.09	VNGDF

Vanguard Scottsdale Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Scottsdale 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 Scottsdale'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
VDYIF	0.26	(0.07)	0.00	0.43	0.00	0.00	0.00	(0.28)	4.67
VFLQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VEMGF	0.10	0.03	0.00	2.15	0.00	0.00	0.34	(0.16)	1.59
VNGGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VNGDF	0.58	(0.11)	0.00	(13.46)	0.00	0.00	1.57	(1.72)	3.56
VNGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VNGBF	0.28	0.02	0.07	1.43	0.26	(0.34)	0.53	(0.52)	1.49
VNGLF	0.88	0.18	0.17	(1.67)	0.85	(0.94)	2.11	(1.43)	5.87
VNGUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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