Vanguard FTSE Correlations

Etfs . USA . 
Etf . Vanguard FTSE Developed
VEA Etf  USD 43.47  0.15  0.34%   
The correlation of Vanguard FTSE is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard FTSE Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out World Market Map. For information on how to trade Vanguard Etf refer to our How to Trade Vanguard Etf guide.
  
The ability to find closely correlated positions to Vanguard FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard FTSE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vanguard FTSE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vanguard FTSE Developed to buy it.

Moving together with Vanguard FTSE

+1.0IEFAIShares Core MSCI Aggressive PushPairCorr
+0.98VEUVanguard FTSE All-World Sell-off TrendPairCorr
+1.0EFAIShares MSCI EAFE Sell-off TrendPairCorr
+0.99IXUSIShares Core MSCI Sell-off TrendPairCorr
+1.0SPDWSPDR SP World Sell-off TrendPairCorr
+1.0IDEVIShares Core MSCIPairCorr
+0.99ESGDIShares ESG AwarePairCorr
+0.98JIREJP Morgan Exchange-TradedPairCorr
+0.99DFAXDimensional WorldPairCorr
+0.84GREIGoldman Sachs FuturePairCorr
+0.77MPAYAkros Monthly PayoutPairCorr
+0.63CAPDBarclays CapitalPairCorr
+0.89BUFFInnovator LadderedPairCorr
+0.83WGMIValkyrie Bitcoin Miners Downward RallyPairCorr
+0.86DDDupont De Nemours Fiscal Quarter End 31st of March 2023 PairCorr

Moving against Vanguard FTSE

-0.55BITIProShares Trust -PairCorr
-0.68KOCoca-Cola Aggressive PushPairCorr

Top Constituents Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
MBBB
+ 0.94
HTRB
MBCC
+ 0.88
ZHDG
HTUS
+ 0.87
ZHDG
Z
+ 0.81
ZHDG
MBCC
+ 0.81
Z
MBBB
+ 0.77
MBCC
  
High negative correlations   
BZDYF
- 0.33
HTUS
BZDYF
- 0.2
ZHDG
BZDYF
- 0.14
MBCC
BZDYF
- 0.1
MBBB
BZDYF
- 0.0
DHDG
MBBB
- 0.0
DHDG

Vanguard FTSE Constituents Risk-Adjusted Indicators

Nowadays, there is a big difference between Vanguard Etf performing well and Vanguard FTSE ETF doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Vanguard FTSE's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
ZHDG 0.71  0.03  0.03  0.01  0.81  0.0334 (0.83)  1.44 (1.41)  3.73 
HTRB 0.42  0.02  0.11 (0.88)  0.39  0.09 (0.49)  0.98 (0.72)  2.16 
DHDG 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
Z 2.37  0.43  0.15  0.23  2.50  0.14 (2.49)  4.90 (4.20)  13.99 
HTUS 0.98  0.02  0.02  0.00  1.26  0.0171 (0.96)  1.74 (2.08)  4.91 
MBCC 0.79  0.09  0.09  0.07  0.91  0.09 (0.77)  1.58 (1.42)  4.44 
MBBB 0.41  0.02  0.10  0.18  0.39  0.09 (0.51)  0.93 (0.82)  2.33 
BZDYF 0.95 (0.03)  0.00 (0.34)  0.00 (0.006)  0.00  3.89 (1.35)  5.24 

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Our tools can tell you how much better you can do entering a position in Vanguard FTSE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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The danger of trading Vanguard FTSE Developed is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Vanguard FTSE is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Vanguard FTSE. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanguard FTSE Developed is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map. For information on how to trade Vanguard Etf refer to our How to Trade Vanguard Etf guide. Note that the Vanguard FTSE Developed information on this page should be used as a complementary analysis to other Vanguard FTSE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Vanguard FTSE Developed price analysis, check to measure Vanguard FTSE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vanguard FTSE is operating at the current time. Most of Vanguard FTSE's value examination focuses on studying past and present price action to predict the probability of Vanguard FTSE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Vanguard FTSE's price. Additionally, you may evaluate how the addition of Vanguard FTSE to your portfolios can decrease your overall portfolio volatility.
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The market value of Vanguard FTSE Developed is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard FTSE's value that differs from its market value or its book value, called intrinsic value, which is Vanguard FTSE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vanguard FTSE's market value can be influenced by many factors that don't directly affect Vanguard FTSE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Vanguard FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine Vanguard FTSE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard FTSE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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