Vanguard Utilities Correlations

Etfs . USA . 
Etf . Vanguard Utilities Index
VPU Etf  USD 182.23  0.43  0.24%   
The current 90-days correlation between Vanguard Utilities Index and Vanguard Industrials Index is 0.33 (i.e., Weak diversification). The correlation of Vanguard Utilities 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 Utilities Correlation With Market

Average diversification

The correlation between Vanguard Utilities Index and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Utilities Index and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Vanguard Etf
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Utilities 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 american community survey.

Moving together with Vanguard Etf

  1.0XLU Utilities Select SectorPairCorr
  0.73AMPS BlackrockPairCorr
  0.92FUTY Fidelity MSCI UtilitiesPairCorr
  0.91IDU iShares Utilities ETFPairCorr
  0.88FXU First Trust UtilitiesPairCorr
  0.89JXI iShares Global UtilitiesPairCorr
  0.86PUI Invesco DWA UtilitiesPairCorr
  0.9UTES Virtus Reaves UtilitiesPairCorr
  0.88SIXD AIM ETF ProductsPairCorr
  0.67PFFL ETRACS 2xMonthly PayPairCorr
  0.84KEMQ KraneShares EmergingPairCorr
  0.78KWEB KraneShares CSI ChinaPairCorr
  0.82HDV iShares Core HighPairCorr
  0.88JHDV John Hancock ExchangePairCorr
  0.63DFCF Dimensional ETF TrustPairCorr
  0.73MMM 3M CompanyPairCorr
  0.82BAC Bank of AmericaPairCorr
  0.86GE GE AerospacePairCorr
  0.74AXP American ExpressPairCorr
  0.81DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.84JPM JPMorgan ChasePairCorr
  0.81CSCO Cisco SystemsPairCorr
  0.87CAT CaterpillarPairCorr
  0.79DIS Walt DisneyPairCorr
  0.85MSFT Microsoft Earnings Call This WeekPairCorr
  0.72PFE Pfizer Inc Aggressive PushPairCorr
  0.69CVX Chevron Corp Earnings Call This WeekPairCorr

Moving against Vanguard Etf

  0.85VXX iPath Series BPairCorr
  0.85VIXY ProShares VIX ShortPairCorr
  0.66YCL ProShares Ultra YenPairCorr
  0.5MCD McDonaldsPairCorr
  0.43KO Coca ColaPairCorr

Related Correlations Analysis

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Vanguard Utilities Constituents Risk-Adjusted Indicators

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