Vanguard Emerging Correlations

VWOB Etf

USD 64.13 0.28 0.43%

The current 90-days correlation between Vanguard Emerging Markets and Vanguard Total International is 0.68 (i.e., Poor diversification). The correlation of Vanguard Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Vanguard Emerging Markets and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Vanguard Etf

1.0	EMB	iShares JP Morgan Symbol Change	Pair Corr
0.98	PCY	Invesco Emerging Markets	Pair Corr
0.94	HYEM	VanEck Emerging Markets	Pair Corr
0.97	EMHY	iShares JP Morgan	Pair Corr
0.98	CEMB	iShares JP Morgan	Pair Corr
0.96	XEMD	Bondbloxx ETF Trust	Pair Corr
1.0	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.97	EMBD	Global X Emerging	Pair Corr
0.96	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.99	JPMB	JPMorgan USD Emerging	Pair Corr
0.88	EMCB	WisdomTree Emerging	Pair Corr
0.92	WIP	SPDR FTSE International	Pair Corr
0.81	ISHG	iShares 1 3	Pair Corr
0.85	IGOV	iShares International	Pair Corr
0.83	GDXU	MicroSectors Gold Miners	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.86	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.94	JNJ	Johnson Johnson	Pair Corr
0.82	MMM	3M Company	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.87	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against Vanguard Etf

0.82	EU	enCore Energy Corp	Pair Corr
0.54	HPQ	HP Inc	Pair Corr
0.76	MSFT	Microsoft Aggressive Push	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.62	MRK	Merck Company	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.42	DIS	Walt Disney	Pair Corr
0.36	HD	Home Depot	Pair Corr
0.33	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	BNDX	VCLT	VTIP	VCIT	VGLT
BNDX		0.41	0.01	0.24	0.27	BNDX
VCLT	0.41		0.8	0.96	0.97	VCLT
VTIP	0.01	0.8		0.92	0.86	VTIP
VCIT	0.24	0.96	0.92		0.97	VCIT
VGLT	0.27	0.97	0.86	0.97		VGLT
	BNDX	VCLT	VTIP	VCIT	VGLT

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Vanguard Emerging Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Emerging 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 Emerging'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
BNDX	0.20	(0.02)	0.00	(0.32)	0.00	0.00	0.39	(0.41)	1.41
VCLT	0.49	(0.01)	0.00	(0.10)	0.00	0.00	1.11	(0.79)	2.49
VTIP	0.08	0.03	0.23	10.44	0.00	(0.10)	0.22	(0.12)	0.51
VCIT	0.25	0.01	0.02	0.16	0.28	(0.27)	0.53	(0.45)	1.44
VGLT	0.58	0.00	0.00	0.10	0.67	(0.60)	1.47	(1.07)	2.95

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