VanEck JP Correlations

EMLC Etf

USD 23.84 0.09 0.38%

The current 90-days correlation between VanEck JP Morgan and Schwab Fundamental International is -0.23 (i.e., Very good diversification). The correlation of VanEck JP 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 JP Correlation With Market

Average diversification

The correlation between VanEck JP Morgan and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck JP Morgan and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in VanEck JP Morgan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with VanEck Etf

0.99	LEMB	iShares JP Morgan	Pair Corr
0.89	FEMB	First Trust Emerging	Pair Corr
0.85	CBON	VanEck China Bond	Pair Corr
0.76	KBND	KBND	Pair Corr
0.76	KCNY	KraneShares	Pair Corr
0.95	CEW	WisdomTree Emerging	Pair Corr

Moving against VanEck Etf

0.76	TFLR	T Rowe Price	Pair Corr
0.73	CSHI	SHP ETF Trust	Pair Corr
0.64	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.63	TARK	AXS 2X Innovation	Pair Corr
0.63	SFYX	SoFi Next 500	Pair Corr
0.58	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.52	VTI	Vanguard Total Stock	Pair Corr
0.51	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.48	SPXL	Direxion Daily SP500	Pair Corr
0.47	QLD	ProShares Ultra QQQ	Pair Corr
0.47	UPRO	ProShares UltraPro SP500	Pair Corr
0.43	AVGE	Avantis All Equity	Pair Corr
0.42	USD	ProShares Ultra Semi	Pair Corr
0.41	ROM	ProShares Ultra Tech	Pair Corr
0.37	TECL	Direxion Daily Technology	Pair Corr
0.34	TDSC	Cabana Target Drawdown	Pair Corr
0.75	IBIT	iShares Bitcoin Trust Aggressive Push	Pair Corr
0.75	BTC	Grayscale Bitcoin Mini	Pair Corr
0.72	BRW	Saba Capital Income	Pair Corr
0.69	SGOV	iShares 0 3	Pair Corr
0.68	IGV	iShares Expanded Tech	Pair Corr
0.67	NVDL	GraniteShares 15x Long	Pair Corr
0.65	MVPS	Amplify Thematic All	Pair Corr
0.63	SCHG	Schwab Large Cap	Pair Corr
0.6	DVY	iShares Select Dividend	Pair Corr
0.6	DDIV	First Trust RBA	Pair Corr
0.56	VOOV	Vanguard SP 500	Pair Corr
0.56	UMDD	ProShares UltraPro	Pair Corr
0.55	DRVN	Driven Brands Holdings	Pair Corr

Related Correlations Analysis

	FNDC	HAUZ	FNDA	FNDE	HYLB
FNDC		0.9	-0.53	0.32	-0.09	FNDC
HAUZ	0.9		-0.54	0.31	-0.14	HAUZ
FNDA	-0.53	-0.54		0.2	0.8	FNDA
FNDE	0.32	0.31	0.2		0.41	FNDE
HYLB	-0.09	-0.14	0.8	0.41		HYLB
	FNDC	HAUZ	FNDA	FNDE	HYLB

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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

HAUZ	+ 0.9	FNDC
HYLB	+ 0.8	FNDA
HYLB	+ 0.41	FNDE
FNDE	+ 0.32	FNDC
FNDE	+ 0.31	HAUZ
FNDE	+ 0.2	FNDA

High negative correlations

FNDA	- 0.54	HAUZ
FNDA	- 0.53	FNDC
HYLB	- 0.14	HAUZ
HYLB	- 0.09	FNDC

VanEck JP Constituents Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck JP 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 JP'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
FNDC	0.62	(0.11)	0.00	(0.20)	0.00	0.00	0.97	(1.32)	4.31
HAUZ	0.71	(0.10)	0.00	4.07	0.00	0.00	1.29	(1.36)	4.95
FNDA	0.80	0.00	0.04	0.12	0.73	(0.94)	1.76	(1.45)	6.49
FNDE	1.01	(0.02)	(0.08)	0.05	1.30	(1.12)	2.94	(1.99)	8.83
HYLB	0.18	0.01	(0.39)	0.18	0.05	(0.20)	0.33	(0.39)	0.88

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