Vanguard Utilities Correlations

VPU Etf

USD 190.96 0.26 0.14%

The current 90-days correlation between Vanguard Utilities Index and Vanguard Energy Index is 0.16 (i.e., Average 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

Weak diversification

The correlation between Vanguard Utilities Index and DJI is 0.34 (i.e., Weak 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 metropolitan statistical area.

Moving together with Vanguard Etf

1.0	XLU	Utilities Select Sector	Pair Corr
0.79	AMPS	Blackrock	Pair Corr
1.0	FUTY	Fidelity MSCI Utilities	Pair Corr
0.99	IDU	iShares Utilities ETF	Pair Corr
0.97	FXU	First Trust Utilities	Pair Corr
0.96	JXI	iShares Global Utilities	Pair Corr
0.94	PUI	Invesco DWA Utilities	Pair Corr
0.88	UTES	Virtus Reaves Utilities	Pair Corr
0.88	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.71	XTWY	Bondbloxx ETF Trust	Pair Corr
0.78	TAXT	Northern Trust Tax	Pair Corr
0.72	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.79	EMOP	AB Active ETFs,	Pair Corr
0.76	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.74	VOO	Vanguard SP 500	Pair Corr
0.76	OCTD	Innovator Capital	Pair Corr
0.79	ESGE	iShares ESG Aware	Pair Corr
0.73	MUNC	Northern Funds	Pair Corr
0.73	TAXI	Northern Trust Inter	Pair Corr
0.8	WIA	Western AssetClaymore	Pair Corr
0.76	QQQ	Invesco QQQ Trust	Pair Corr
0.91	GLTR	abrdn Physical Precious	Pair Corr
0.82	ICLN	iShares Global Clean Sell-off Trend	Pair Corr
0.89	SLV	iShares Silver Trust	Pair Corr
0.76	IGM	iShares Expanded Tech	Pair Corr
0.81	TSLP	Kurv Yield Premium	Pair Corr
0.78	IYW	iShares Technology ETF	Pair Corr
0.85	SGDJ	Sprott Junior Gold	Pair Corr
0.78	VGT	Vanguard Information	Pair Corr
0.7	RFDA	RiverFront Dynamic	Pair Corr
0.76	PULT	Putnam ETF Trust	Pair Corr

Related Correlations Analysis

	VUIAX	VDE	VENAX	VDC	MGC	VONE	VIAAX	VIS	VIGI	VCR
VUIAX		0.01	0.0	-0.52	0.74	0.72	0.39	0.61	0.38	-0.1	VUIAX
VDE	0.01		1.0	-0.44	0.29	0.28	-0.01	0.06	-0.03	0.04	VDE
VENAX	0.0	1.0		-0.44	0.29	0.27	-0.01	0.05	-0.03	0.04	VENAX
VDC	-0.52	-0.44	-0.44		-0.72	-0.64	0.13	-0.31	0.17	0.13	VDC
MGC	0.74	0.29	0.29	-0.72		0.99	0.44	0.74	0.41	0.3	MGC
VONE	0.72	0.28	0.27	-0.64	0.99		0.52	0.82	0.5	0.41	VONE
VIAAX	0.39	-0.01	-0.01	0.13	0.44	0.52		0.62	0.99	0.44	VIAAX
VIS	0.61	0.06	0.05	-0.31	0.74	0.82	0.62		0.61	0.58	VIS
VIGI	0.38	-0.03	-0.03	0.17	0.41	0.5	0.99	0.61		0.44	VIGI
VCR	-0.1	0.04	0.04	0.13	0.3	0.41	0.44	0.58	0.44		VCR
	VUIAX	VDE	VENAX	VDC	MGC	VONE	VIAAX	VIS	VIGI	VCR

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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

VENAX	+ 1.0	VDE
VONE	+ 0.99	MGC
VIGI	+ 0.99	VIAAX
VIS	+ 0.82	VONE
MGC	+ 0.74	VUIAX
VIS	+ 0.74	MGC

High negative correlations

MGC	- 0.72	VDC
VONE	- 0.64	VDC
VDC	- 0.52	VUIAX
VDC	- 0.44	VENAX
VDC	- 0.44	VDE
VIS	- 0.31	VDC

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VUIAX	0.59	0.04	0.01	0.14	0.67	(0.62)	1.38	(1.15)	3.32
VDE	0.88	0.04	0.02	0.13	1.13	(0.81)	1.73	(1.87)	5.09
VENAX	0.88	0.04	0.02	0.13	1.16	(0.84)	1.74	(1.87)	5.16
VDC	0.50	(0.08)	0.00	(0.40)	0.00	0.00	1.17	(0.99)	3.67
MGC	0.59	0.03	0.03	0.07	0.83	(0.57)	1.33	(1.20)	4.23
VONE	0.57	0.01	0.01	0.05	0.86	(0.53)	1.18	(1.22)	4.28
VIAAX	0.63	(0.04)	(0.05)	0.00	0.88	(0.57)	1.11	(1.35)	3.58
VIS	0.73	(0.05)	(0.05)	0.00	0.97	(0.70)	1.35	(1.51)	4.30
VIGI	0.57	(0.04)	(0.05)	(0.01)	0.82	(0.50)	1.09	(1.24)	3.28
VCR	0.96	(0.07)	0.00	(0.01)	0.00	0.00	2.30	(2.33)	6.46

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