Vanguard Extended Correlations

VXF Etf

USD 178.71 2.37 1.31%

The current 90-days correlation between Vanguard Extended Market and Vanguard Large Cap Index is 0.94 (i.e., Almost no diversification). The correlation of Vanguard Extended 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 Extended Correlation With Market

Poor diversification

The correlation between Vanguard Extended Market and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Extended Market 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 Extended Market. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Vanguard Etf

0.92	VO	Vanguard Mid Cap	Pair Corr
0.99	IJH	iShares Core SP	Pair Corr
0.97	IWR	iShares Russell Mid	Pair Corr
0.99	MDY	SPDR SP MIDCAP	Pair Corr
0.99	FV	First Trust Dorsey	Pair Corr
0.99	IVOO	Vanguard SP Mid	Pair Corr
0.98	JHMM	John Hancock Multifactor	Pair Corr
0.99	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.99	XMMO	Invesco SP MidCap	Pair Corr
0.85	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.71	BA	Boeing	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.92	HD	Home Depot	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.72	WMT	Walmart	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.65	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Vanguard Etf

0.69	PMBS	PIMCO Mortgage Backed	Pair Corr
0.64	FXY	Invesco CurrencyShares	Pair Corr
0.51	AMPD	Tidal Trust II	Pair Corr
0.42	GDXU	MicroSectors Gold Miners	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr
0.55	MCD	McDonalds	Pair Corr
0.55	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	VV	VBK	VO	VOT	VBR
VV		0.94	0.95	0.95	0.94	VV
VBK	0.94		0.89	0.92	0.98	VBK
VO	0.95	0.89		0.98	0.94	VO
VOT	0.95	0.92	0.98		0.94	VOT
VBR	0.94	0.98	0.94	0.94		VBR
	VV	VBK	VO	VOT	VBR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Vanguard Extended Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Extended 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 Extended'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VV	0.84	(0.07)	(0.07)	1.73	(1.71)	4.56
VBK	1.08	(0.16)	(0.13)	1.78	(2.80)	5.21
VO	0.75	(0.05)	(0.05)	1.48	(1.82)	3.64
VOT	1.00	(0.07)	(0.06)	1.81	(2.68)	5.03
VBR	0.83	(0.11)	(0.11)	1.46	(1.96)	3.78

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC