VictoryShares ESG Correlations

UCRD Etf

USD 21.38 0.06 0.28%

The current 90-days correlation between VictoryShares ESG and VanEck Vectors Moodys is 0.07 (i.e., Significant diversification). The correlation of VictoryShares ESG 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.

VictoryShares ESG Correlation With Market

Average diversification

The correlation between VictoryShares ESG Corporate and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VictoryShares ESG Corporate and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VictoryShares ESG Corporate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with VictoryShares Etf

0.9	LQD	iShares iBoxx Investment Aggressive Push	Pair Corr
0.95	IGIB	iShares 5 10	Pair Corr
1.0	USIG	iShares Broad USD	Pair Corr
0.95	SPIB	SPDR Barclays Interm	Pair Corr
0.9	SUSC	iShares ESG USD	Pair Corr
0.95	QLTA	iShares Aaa	Pair Corr
0.96	CORP	PIMCO Investment Grade	Pair Corr
0.95	FLCO	Franklin Liberty Inv	Pair Corr
0.95	GIGB	Goldman Sachs Access	Pair Corr
0.95	VTC	Vanguard Total Corporate	Pair Corr
0.94	BND	Vanguard Total Bond	Pair Corr
0.77	VEA	Vanguard FTSE Developed	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.85	KO	Coca Cola Sell-off Trend	Pair Corr
0.66	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against VictoryShares Etf

0.66	VUG	Vanguard Growth Index	Pair Corr
0.63	VTI	Vanguard Total Stock	Pair Corr
0.62	IVV	iShares Core SP	Pair Corr
0.62	VB	Vanguard Small Cap	Pair Corr
0.6	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.59	VO	Vanguard Mid Cap	Pair Corr
0.5	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.84	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.78	BAC	Bank of America Aggressive Push	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.66	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.61	DIS	Walt Disney Aggressive Push	Pair Corr
0.6	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.48	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	MBBB	XB	VCEB	VCIT	VCLT	VCSH	VEMY	MYCF	MYCK
MBBB		-0.13	0.99	0.99	0.92	0.91	-0.34	0.17	0.78	MBBB
XB	-0.13		-0.22	-0.25	-0.25	0.0	0.67	-0.09	-0.07	XB
VCEB	0.99	-0.22		1.0	0.94	0.91	-0.43	0.18	0.78	VCEB
VCIT	0.99	-0.25	1.0		0.94	0.9	-0.44	0.17	0.79	VCIT
VCLT	0.92	-0.25	0.94	0.94		0.92	-0.53	0.27	0.77	VCLT
VCSH	0.91	0.0	0.91	0.9	0.92		-0.34	0.12	0.81	VCSH
VEMY	-0.34	0.67	-0.43	-0.44	-0.53	-0.34		-0.46	-0.14	VEMY
MYCF	0.17	-0.09	0.18	0.17	0.27	0.12	-0.46		-0.34	MYCF
MYCK	0.78	-0.07	0.78	0.79	0.77	0.81	-0.14	-0.34		MYCK
	MBBB	XB	VCEB	VCIT	VCLT	VCSH	VEMY	MYCF	MYCK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

VCIT	+ 1.0	VCEB
VCEB	+ 0.99	MBBB
VCIT	+ 0.99	MBBB
VCLT	+ 0.94	VCEB
VCLT	+ 0.94	VCIT
VCLT	+ 0.92	MBBB

High negative correlations

VEMY	- 0.53	VCLT
MYCF	- 0.46	VEMY
VEMY	- 0.44	VCIT
VEMY	- 0.43	VCEB
MYCK	- 0.34	MYCF
VEMY	- 0.34	VCSH

VictoryShares ESG Constituents Risk-Adjusted Indicators

There is a big difference between VictoryShares Etf performing well and VictoryShares ESG 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 VictoryShares ESG'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
MBBB	0.24	(0.01)	(0.34)	(0.38)	0.32	(0.25)	0.56	(0.55)	1.49
XB	0.22	0.02	(0.28)	(0.77)	0.23	(0.22)	0.53	(0.40)	2.56
VCEB	0.24	(0.01)	0.00	2.38	0.00	0.00	0.50	(0.59)	1.69
VCIT	0.24	(0.01)	(0.39)	0.35	0.31	(0.25)	0.44	(0.59)	1.53
VCLT	0.50	(0.02)	(0.18)	(0.08)	0.67	(0.52)	0.84	(1.17)	2.95
VCSH	0.11	(0.01)	(0.84)	(0.05)	0.09	(0.12)	0.19	(0.23)	0.60
VEMY	0.26	0.02	(0.22)	0.24	0.17	(0.29)	0.55	(0.51)	1.50
MYCF	0.06	0.00	(1.42)	0.68	0.00	(0.08)	0.12	(0.12)	0.36
MYCK	0.23	(0.04)	0.00	1.06	0.00	0.00	0.41	(0.65)	1.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC