Q: I’m looking for a way to assess the correlation of certain holdings to determine whether it makes sense to consolidate positions.
How would you think about this? Are there any free tools to pull correlations? What kind of correlation figure should one look for when assessing whether two holdings are too correlated to provide diversification value?
Just as one example, I’m looking at VVL and VUN. But please keep your answer focused on the general questions above.
Thanks very much.
How would you think about this? Are there any free tools to pull correlations? What kind of correlation figure should one look for when assessing whether two holdings are too correlated to provide diversification value?
Just as one example, I’m looking at VVL and VUN. But please keep your answer focused on the general questions above.
Thanks very much.
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iShares Russell 2000 Growth ETF (IWO $288.65)
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iShares Canadian Growth Index ETF (XCG $60.48)
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iShares Core S&P/TSX Capped Composite Index ETF (XIC $43.11)
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iShares S&P/TSX SmallCap Index ETF (XCS $23.90)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG $96.01)
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Vanguard U.S. Total Market Index ETF (VUN $114.27)
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Vanguard Growth ETF (VUG $441.63)
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iShares Core Equity ETF Portfolio (XEQT $35.79)
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