Vanguard Industrials Correlations

Etfs . USA . 
Etf . Vanguard Industrials Index
VIS Etf  USD 259.78  0.14  0.05%   
The current 90-days correlation between Vanguard Industrials and Vanguard Materials Index is 0.91 (i.e., Almost no diversification). The correlation of Vanguard Industrials 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.

Vanguard Industrials Correlation With Market

Very poor diversification

The correlation between Vanguard Industrials Index and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Industrials Index 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 Vanguard Industrials Index. 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 Vanguard Etf

  0.99XLI Industrial Select SectorPairCorr
  0.8DRVN Driven Brands HoldingsPairCorr
  0.89ITA iShares Aerospace DefensePairCorr
  0.75JETS US Global JetsPairCorr
  0.99FXR First Trust IndustriPairCorr
  0.93PPA Invesco Aerospace DefensePairCorr
  0.98IYJ iShares Industrials ETFPairCorr
  0.89IYT iShares TransportationPairCorr
  1.0FIDU Fidelity MSCI IndustrialsPairCorr
  0.86VTI Vanguard Total StockPairCorr
  0.89VBK Vanguard Small CapPairCorr
  0.76EEM iShares MSCI EmergingPairCorr
  0.78JPST JPMorgan Ultra ShortPairCorr
  0.7DUKH Ocean Park HighPairCorr
  0.79VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
  0.77TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.9GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.93CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.65MMM 3M Company Sell-off TrendPairCorr
  0.96HD Home DepotPairCorr
  0.83WMT WalmartPairCorr
  0.91DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.97AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.62KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Moving against Vanguard Etf

  0.73HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.53FNGD MicroSectors FANG IndexPairCorr
  0.6BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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Vanguard Industrials Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Industrials 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 Vanguard Industrials' 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.

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