VanEck BDC Correlations

BIZD Etf

USD 16.72 0.14 0.84%

The current 90-days correlation between VanEck BDC Income and Virtus InfraCap Preferred is 0.05 (i.e., Significant diversification). The correlation of VanEck BDC 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.

VanEck BDC Correlation With Market

Average diversification

The correlation between VanEck BDC Income and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck BDC Income 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 VanEck BDC Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with VanEck Etf

0.76	XLF	Financial Select Sector	Pair Corr
0.76	VFH	Vanguard Financials Index	Pair Corr
0.68	KRE	SPDR SP Regional	Pair Corr
0.68	KBE	SPDR SP Bank	Pair Corr
0.75	IYF	iShares Financials ETF	Pair Corr
0.76	FNCL	Fidelity MSCI Financials	Pair Corr
0.77	IYG	iShares Financial	Pair Corr
0.74	FXO	First Trust Financials	Pair Corr
0.69	IAT	iShares Regional Banks	Pair Corr
0.65	FNGU	MicroSectors FANG Index	Pair Corr
0.8	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.77	FNGO	MicroSectors FANG Index	Pair Corr
0.78	FNGS	MicroSectors FANG ETN	Pair Corr
0.67	TECL	Direxion Daily Technology	Pair Corr
0.7	QLD	ProShares Ultra QQQ	Pair Corr
0.75	ROM	ProShares Ultra Tech	Pair Corr
0.79	SPY	SPDR SP 500	Pair Corr
0.72	BULZ	MicroSectors Solactive	Pair Corr
0.83	AAA	Listed Funds Trust	Pair Corr
0.84	GPIX	Goldman Sachs SP	Pair Corr
0.82	LOUP	Innovator Loup Frontier	Pair Corr
0.82	RPG	Invesco SP 500	Pair Corr
0.82	SOFR	SOFR Symbol Change	Pair Corr
0.81	VSLU	ETF Opportunities Trust	Pair Corr
0.82	PGRO	Putnam Focused Large	Pair Corr
0.82	BSCO	Invesco BulletShares 2024	Pair Corr
0.8	IYZ	IShares Telecommunicatio	Pair Corr
0.85	FEDL	UBS AG London	Pair Corr
0.68	TSLP	Kurv Yield Premium	Pair Corr
0.81	APRJ	Innovator Premium Income	Pair Corr
0.81	CGUS	Capital Group Core	Pair Corr
0.79	JBBB	Janus Detroit Street	Pair Corr
0.67	AMZU	Direxion Daily AMZN	Pair Corr
0.71	VIRS	Pacer Financial	Pair Corr
0.82	JANW	AIM ETF Products	Pair Corr
0.84	FFTY	Innovator IBD 50	Pair Corr

Moving against VanEck Etf

0.32	EUFN	iShares MSCI Europe	Pair Corr
0.38	MCHI	iShares MSCI China	Pair Corr

Related Correlations Analysis

	PFFA	MORT	XFLT	YYY	TPVG
PFFA		0.51	0.23	0.64	0.13	PFFA
MORT	0.51		-0.23	0.38	-0.13	MORT
XFLT	0.23	-0.23		0.19	0.6	XFLT
YYY	0.64	0.38	0.19		0.47	YYY
TPVG	0.13	-0.13	0.6	0.47		TPVG
	PFFA	MORT	XFLT	YYY	TPVG

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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

YYY	+ 0.64	PFFA
TPVG	+ 0.6	XFLT
MORT	+ 0.51	PFFA
TPVG	+ 0.47	YYY
YYY	+ 0.38	MORT
XFLT	+ 0.23	PFFA

High negative correlations

XFLT	- 0.23	MORT
TPVG	- 0.13	MORT

VanEck BDC Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck BDC 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 VanEck BDC'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
PFFA	0.32	(0.04)	0.00	(0.18)	0.00	0.00	0.66	(0.79)	1.73
MORT	0.73	(0.14)	0.00	(0.24)	0.00	0.00	1.07	(2.13)	4.65
XFLT	0.49	0.00	(0.01)	0.02	1.09	(0.48)	1.07	(1.04)	5.96
YYY	0.39	(0.06)	0.00	(0.51)	0.00	0.00	0.67	(0.91)	2.86
TPVG	1.50	0.04	0.02	0.06	2.10	(1.63)	4.41	(2.41)	19.59

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