VanEck India Correlations

GLIN Etf

USD 52.16 0.12 0.23%

The current 90-days correlation between VanEck India Growth and iShares MSCI India is 0.82 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck India moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck India Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VanEck India Correlation With Market

Very weak diversification

The correlation between VanEck India Growth and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck India Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck India Growth. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with VanEck Etf

0.94	INDA	iShares MSCI India	Pair Corr
0.97	EPI	WisdomTree India Earnings	Pair Corr
0.92	INDSX	Financial Investors Trust	Pair Corr
0.95	SMIN	iShares MSCI India	Pair Corr
0.96	PIN	Invesco India ETF	Pair Corr
0.96	FLIN	Franklin FTSE India	Pair Corr
0.96	NFTY	First Trust India	Pair Corr
0.87	INDF	Exchange Traded Concepts	Pair Corr
0.8	BND	Vanguard Total Bond	Pair Corr
0.87	VEA	Vanguard FTSE Developed	Pair Corr
0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.84	KO	Coca Cola Sell-off Trend	Pair Corr
0.62	VZ	Verizon Communications Aggressive Push	Pair Corr
0.67	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against VanEck Etf

0.53	VUG	Vanguard Growth Index	Pair Corr
0.5	VB	Vanguard Small Cap	Pair Corr
0.49	VO	Vanguard Mid Cap	Pair Corr
0.48	VTI	Vanguard Total Stock	Pair Corr
0.46	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.46	IVV	iShares Core SP	Pair Corr
0.31	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.76	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.58	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.58	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.56	WMT	Walmart Aggressive Push	Pair Corr
0.46	T	ATT Inc Aggressive Push	Pair Corr
0.45	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.33	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.27	0.55	0.02	0.55	0.04	0.64	0.28	-0.53	0.72	META
MSFT	0.27		0.22	0.17	0.18	-0.01	0.03	-0.12	0.12	-0.19	MSFT
UBER	0.55	0.22		-0.08	-0.06	0.27	-0.01	-0.14	0.08	0.35	UBER
F	0.02	0.17	-0.08		0.16	-0.49	0.42	0.61	-0.31	0.2	F
T	0.55	0.18	-0.06	0.16		-0.5	0.79	0.6	-0.78	0.38	T
A	0.04	-0.01	0.27	-0.49	-0.5		-0.47	-0.62	0.64	-0.01	A
CRM	0.64	0.03	-0.01	0.42	0.79	-0.47		0.85	-0.91	0.65	CRM
JPM	0.28	-0.12	-0.14	0.61	0.6	-0.62	0.85		-0.83	0.48	JPM
MRK	-0.53	0.12	0.08	-0.31	-0.78	0.64	-0.91	-0.83		-0.56	MRK
XOM	0.72	-0.19	0.35	0.2	0.38	-0.01	0.65	0.48	-0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.85	CRM
CRM	+ 0.79	T
XOM	+ 0.72	META
XOM	+ 0.65	CRM
CRM	+ 0.64	META
MRK	+ 0.64	A

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.78	T
JPM	- 0.62	A
XOM	- 0.56	MRK
MRK	- 0.53	META

VanEck India Competition Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck India 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 India'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
META	1.06	0.06	0.02	0.20	1.40	(1.15)	2.62	(3.15)	8.02
MSFT	0.92	(0.05)	(0.05)	0.05	1.49	(0.89)	2.09	(1.85)	8.19
UBER	1.62	(0.12)	(0.05)	0.00	2.30	(1.74)	2.69	(2.53)	20.10
F	1.43	0.02	(0.04)	0.48	2.24	(1.39)	2.53	(2.90)	11.21
T	0.92	0.28	0.15	(7.88)	0.85	(1.05)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.05)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.34	0.21	0.16	0.30	1.16	(1.53)	3.18	(1.93)	9.09
JPM	1.12	(0.01)	0.06	0.11	1.40	(1.21)	2.05	(2.00)	15.87
MRK	0.91	(0.21)	0.00	(0.74)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.01	(0.05)	(0.08)	0.02	1.33	(1.07)	2.10	(2.09)	5.74

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