VanEck Sustainable Correlations

TSWE Etf

EUR 33.52 0.24 0.72%

The current 90-days correlation between VanEck Sustainable World and iShares Core MSCI is -0.01 (i.e., Good diversification). The correlation of VanEck Sustainable 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VanEck Sustainable Correlation With Market

Very weak diversification

The correlation between VanEck Sustainable World and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VanEck Sustainable World and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VanEck Sustainable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck Sustainable 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 VanEck Sustainable - 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 VanEck Sustainable World to buy it.

Moving together with VanEck Etf

0.91	VUSA	Vanguard SP 500	Pair Corr
0.88	DIA	SPDR Dow Jones	Pair Corr
0.91	IUSA	iShares SP 500	Pair Corr
0.93	VWRL	Vanguard FTSE All	Pair Corr
0.82	CYBU	iShares China CNY	Pair Corr
0.93	IWRD	iShares MSCI World	Pair Corr
0.67	2MSF	Leverage Shares 2x	Pair Corr
0.71	BATT	Legal General UCITS	Pair Corr
0.88	WTCH	SPDR MSCI World	Pair Corr
0.91	CSPX	iShares Core SP	Pair Corr
0.88	CNDX	iShares NASDAQ 100	Pair Corr
0.84	WCOD	SPDR MSCI World	Pair Corr
0.91	SPYL	SPDR SP 500	Pair Corr
0.79	VS0L	VanEck Solana ETN	Pair Corr
0.87	VDOT	VanEck Polkadot ETN	Pair Corr
0.7	V3RE	Vanguard Funds PLC	Pair Corr

Moving against VanEck Etf

0.55	CNYB	iShares China CNY	Pair Corr
0.48	BRIC	iShares BRIC 50	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.76	-0.52	-0.44	0.52	0.28	0.55	0.28	-0.2	-0.43	META
MSFT	0.76		-0.62	-0.35	0.56	0.06	0.59	0.35	-0.19	-0.7	MSFT
UBER	-0.52	-0.62		0.45	-0.71	0.14	-0.76	-0.52	0.57	0.69	UBER
F	-0.44	-0.35	0.45		-0.04	-0.25	-0.06	0.31	-0.09	0.67	F
T	0.52	0.56	-0.71	-0.04		-0.28	0.88	0.81	-0.71	-0.37	T
A	0.28	0.06	0.14	-0.25	-0.28		-0.33	-0.51	0.66	0.02	A
CRM	0.55	0.59	-0.76	-0.06	0.88	-0.33		0.87	-0.79	-0.42	CRM
JPM	0.28	0.35	-0.52	0.31	0.81	-0.51	0.87		-0.86	-0.16	JPM
MRK	-0.2	-0.19	0.57	-0.09	-0.71	0.66	-0.79	-0.86		0.19	MRK
XOM	-0.43	-0.7	0.69	0.67	-0.37	0.02	-0.42	-0.16	0.19		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

CRM	+ 0.88	T
JPM	+ 0.87	CRM
JPM	+ 0.81	T
MSFT	+ 0.76	META
XOM	+ 0.69	UBER
XOM	+ 0.67	F

High negative correlations

MRK	- 0.86	JPM
MRK	- 0.79	CRM
CRM	- 0.76	UBER
MRK	- 0.71	T
T	- 0.71	UBER
XOM	- 0.7	MSFT

VanEck Sustainable Competition Risk-Adjusted Indicators

There is a big difference between VanEck Etf performing well and VanEck Sustainable 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 Sustainable'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	1.21	0.10	0.05	0.23	1.41	(1.36)	2.62	(3.15)	7.43
MSFT	0.86	0.00	(0.01)	0.03	1.61	(0.78)	1.78	(2.23)	8.14
UBER	1.72	(0.25)	0.00	(2.15)	0.00	0.00	2.67	(5.35)	20.41
F	1.45	(0.15)	0.00	(0.07)	0.00	0.00	2.53	(2.90)	11.21
T	0.95	0.10	0.06	0.42	1.12	(1.01)	1.93	(1.99)	7.95
A	1.23	(0.05)	0.00	(0.07)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.49	0.40	0.22	(11.15)	1.31	(1.70)	3.18	(2.88)	14.80
JPM	1.06	0.16	0.15	0.13	1.09	(1.25)	1.99	(1.44)	15.87
MRK	0.98	(0.25)	0.00	(1.14)	0.00	0.00	1.72	(2.17)	5.17
XOM	0.90	(0.12)	0.00	(0.76)	0.00	0.00	1.83	(2.14)	6.06

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Our tools can tell you how much better you can do entering a position in VanEck Sustainable 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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