Avantis Emerging Correlations

AVEM Etf

USD 61.04 0.13 0.21%

The current 90-days correlation between Avantis Emerging Markets and Avantis International Equity is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avantis Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avantis Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Avantis Emerging Correlation With Market

Modest diversification

The correlation between Avantis Emerging Markets and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avantis Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantis 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 income.

Moving together with Avantis Etf

0.97	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
1.0	EEM	iShares MSCI Emerging	Pair Corr
0.96	SPEM	SPDR Portfolio Emerging	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.75	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.65	EMXC	iShares MSCI Emerging	Pair Corr
0.68	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.65	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.7	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	AVDE	AVDV	AVUS	AVUV	FNDC
AVDE		0.98	-0.45	-0.48	0.98	AVDE
AVDV	0.98		-0.31	-0.35	0.95	AVDV
AVUS	-0.45	-0.31		0.96	-0.55	AVUS
AVUV	-0.48	-0.35	0.96		-0.56	AVUV
FNDC	0.98	0.95	-0.55	-0.56		FNDC
	AVDE	AVDV	AVUS	AVUV	FNDC

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Correlation Matchups

Over a given time period, the two securities move together 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

AVDV	+ 0.98	AVDE
FNDC	+ 0.98	AVDE
AVUV	+ 0.96	AVUS
FNDC	+ 0.95	AVDV

High negative correlations

FNDC	- 0.56	AVUV
FNDC	- 0.55	AVUS
AVUV	- 0.48	AVDE
AVUS	- 0.45	AVDE
AVUV	- 0.35	AVDV
AVUS	- 0.31	AVDV

Avantis Emerging Constituents Risk-Adjusted Indicators

There is a big difference between Avantis Etf performing well and Avantis 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 Avantis 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
AVDE	0.63	(0.10)	0.00	(0.09)	0.00	0.00	1.23	(1.38)	3.83
AVDV	0.64	(0.09)	0.00	(0.07)	0.00	0.00	1.32	(1.55)	3.62
AVUS	0.58	0.01	0.01	0.14	0.61	(0.64)	1.03	(1.07)	4.58
AVUV	0.95	(0.03)	0.04	0.11	0.77	(1.14)	2.15	(1.48)	8.70
FNDC	0.62	(0.09)	0.00	(0.11)	0.00	0.00	1.37	(1.32)	4.31

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