Vanguard Extended Correlations

VXF Etf

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The current 90-days correlation between Vanguard Extended Market and Vanguard Large Cap Index is 0.86 (i.e., Very poor 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

Very weak diversification

The correlation between Vanguard Extended Market and DJI is 0.44 (i.e., Very weak 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

0.96	VO	Vanguard Mid Cap	Pair Corr
0.94	IJH	iShares Core SP Sell-off Trend	Pair Corr
0.97	IWR	iShares Russell Mid	Pair Corr
0.94	MDY	SPDR SP MIDCAP	Pair Corr
0.86	FV	First Trust Dorsey	Pair Corr
0.94	IVOO	Vanguard SP Mid	Pair Corr
0.95	JHMM	John Hancock Multifactor	Pair Corr
0.98	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.95	XMMO	Invesco SP MidCap	Pair Corr
0.68	CRPT	First Trust SkyBridge	Pair Corr
0.71	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.63	PG	Procter Gamble	Pair Corr

Moving against Vanguard Etf

0.47

WTID

UBS ETRACS

Pair Corr

Related Correlations Analysis

	VV	VBK	VO	VOT	VBR
VV		0.72	0.68	0.89	0.44	VV
VBK	0.72		0.92	0.8	0.86	VBK
VO	0.68	0.92		0.84	0.92	VO
VOT	0.89	0.8	0.84		0.58	VOT
VBR	0.44	0.86	0.92	0.58		VBR
	VV	VBK	VO	VOT	VBR

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VV	0.59	0.03	0.03	0.06	0.88	(0.53)	1.11	(1.27)	4.02
VBK	0.90	0.00	0.00	0.00	1.23	(0.88)	1.48	(1.48)	6.16
VO	0.58	(0.01)	(0.01)	(0.01)	0.81	(0.62)	1.26	(0.99)	4.75
VOT	0.74	0.06	0.05	0.11	0.99	(0.76)	1.53	(1.19)	5.13
VBR	0.66	(0.06)	0.00	(0.09)	0.00	0.00	1.46	(1.23)	5.45

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