VictoryShares Dividend Correlations

VSDA Etf

USD 51.06 0.59 1.14%

The current 90-days correlation between VictoryShares Dividend and VictoryShares Multi Factor Minimum is 0.84 (i.e., Very poor diversification). The correlation of VictoryShares 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.

VictoryShares Dividend Correlation With Market

Poor diversification

The correlation between VictoryShares Dividend Acceler and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares Dividend Acceler 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 VictoryShares Dividend Accelerator. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with VictoryShares Etf

0.83	VTV	Vanguard Value Index	Pair Corr
0.8	VYM	Vanguard High Dividend	Pair Corr
0.79	IWD	iShares Russell 1000	Pair Corr
0.87	DGRO	iShares Core Dividend	Pair Corr
0.78	IVE	iShares SP 500	Pair Corr
0.86	DVY	iShares Select Dividend	Pair Corr
0.79	SPYV	SPDR Portfolio SP	Pair Corr
0.89	FVD	First Trust Value	Pair Corr
0.77	IUSV	iShares Core SP	Pair Corr
0.95	NOBL	ProShares SP 500	Pair Corr
0.61	PG	Procter Gamble Sell-off Trend	Pair Corr
0.63	GE	GE Aerospace	Pair Corr

Moving against VictoryShares Etf

0.39

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	VSMV	YLDE	CSF	CFO	CFA
VSMV		0.84	0.69	0.91	0.91	VSMV
YLDE	0.84		0.47	0.78	0.79	YLDE
CSF	0.69	0.47		0.89	0.89	CSF
CFO	0.91	0.78	0.89		1.0	CFO
CFA	0.91	0.79	0.89	1.0		CFA
	VSMV	YLDE	CSF	CFO	CFA

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VictoryShares Dividend Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares 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 VictoryShares 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
VSMV	0.51	0.01	0.00	(0.04)	0.00	0.00	0.94	(1.13)	2.14
YLDE	0.57	0.04	0.09	0.01	0.67	(0.62)	1.13	(1.28)	2.71
CSF	0.80	(0.05)	0.00	(0.10)	0.00	0.00	1.71	(1.88)	4.33
CFO	0.64	0.01	0.00	(0.04)	0.00	0.00	1.45	(1.39)	3.19
CFA	0.63	0.01	0.00	(0.04)	0.00	0.00	1.31	(1.40)	3.31

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