Correlation Analysis Between USAA Core and Vanguard Total

This module allows you to analyze existing cross correlation between USAA Core Intermediate Term Bond ETF and Vanguard Total Bond Market ETF. You can compare the effects of market volatilities on USAA Core and Vanguard Total and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in USAA Core with a short position of Vanguard Total. See also your portfolio center. Please also check ongoing floating volatility patterns of USAA Core and Vanguard Total.
 Time Horizon     30 Days    Login   to change
Symbolsvs

USAA Core Intermediate Term Bo  vs.  Vanguard Total Bond Market ETF

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  4,860  in USAA Core Intermediate Term Bond ETF on June 19, 2018 and sell it today you would earn a total of  11.00  from holding USAA Core Intermediate Term Bond ETF or generate 0.23% return on investment over 30 days.

Pair Corralation between USAA Core and Vanguard Total

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.76%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding USAA Core Intermediate Term Bo and Vanguard Total Bond Market ETF in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Total Bond and USAA Core is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on USAA Core Intermediate Term Bond ETF are associated (or correlated) with Vanguard Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Total Bond has no effect on the direction of USAA Core i.e. USAA Core and Vanguard Total go up and down completely randomly.

Comparative Volatility

USAA Core Intermediate  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in USAA Core Intermediate Term Bond ETF are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Vanguard Total Bond  
0 

Risk-Adjusted Performance

Over the last 30 days Vanguard Total Bond Market ETF has generated negative risk-adjusted returns adding no value to investors with long positions.

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See also your portfolio center. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.