Vanguard Utilities Correlations

VUIAX Fund

USD 90.84 1.57 1.76%

The current 90-days correlation between Vanguard Utilities Index and Vanguard Sumer Staples is 0.72 (i.e., Poor 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

Good diversification

The correlation between Vanguard Utilities Index and DJI is -0.05 (i.e., Good 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.

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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vanguard Mutual Fund

0.87	D	Dominion Energy	Pair Corr
0.87	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.65	RNWWW	ReNew Energy Global	Pair Corr
0.76	ELPC	Companhia Paranaense	Pair Corr
0.79	ENLT	Enlight Renewable Energy	Pair Corr
0.75	AQN	Algonquin Power Utilities	Pair Corr
0.8	BEP	Brookfield Renewable	Pair Corr
0.84	BIP	Brookfield Infrastructure	Pair Corr
0.89	CEG	Constellation Energy Corp	Pair Corr
0.81	CIG	Companhia Energetica	Pair Corr
0.78	DTW	DTE Energy	Pair Corr

Moving against Vanguard Mutual Fund

0.73	ED	Consolidated Edison	Pair Corr
0.69	WTRG	Essential Utilities	Pair Corr
0.41	SR	Spire Inc	Pair Corr
0.4	AEE	Ameren Corp	Pair Corr
0.39	FE	FirstEnergy	Pair Corr
0.39	ATO	Atmos Energy	Pair Corr
0.79	CWT	California Water Service	Pair Corr
0.75	AVA	Avista	Pair Corr
0.75	EXC	Exelon	Pair Corr
0.7	CPK	Chesapeake Utilities	Pair Corr
0.61	HTO	H2O America Symbol Change	Pair Corr
0.57	AWR	American States Water	Pair Corr
0.55	CMS	CMS Energy Earnings Call This Week	Pair Corr
0.54	EIX	Edison International Earnings Call This Week	Pair Corr
0.52	BKH	Black Hills	Pair Corr
0.49	AWK	American Water Works	Pair Corr
0.46	EDN	Empresa Distribuidora	Pair Corr
0.42	DUK	Duke Energy	Pair Corr
0.37	CNP	CenterPoint Energy	Pair Corr

Related Correlations Analysis

	VCSAX	VFAIX	VENAX	VTCAX	VHCIX
VCSAX		0.31	-0.01	0.28	-0.01	VCSAX
VFAIX	0.31		0.8	0.96	0.03	VFAIX
VENAX	-0.01	0.8		0.85	0.14	VENAX
VTCAX	0.28	0.96	0.85		0.06	VTCAX
VHCIX	-0.01	0.03	0.14	0.06		VHCIX
	VCSAX	VFAIX	VENAX	VTCAX	VHCIX

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

VTCAX	+ 0.96	VFAIX
VTCAX	+ 0.85	VENAX
VENAX	+ 0.8	VFAIX
VFAIX	+ 0.31	VCSAX
VTCAX	+ 0.28	VCSAX
VHCIX	+ 0.14	VENAX

High negative correlations

VHCIX	- 0.01	VCSAX
VENAX	- 0.01	VCSAX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Utilities Mutual Fund 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
VCSAX	0.63	0.04	(0.15)	(0.11)	0.70	(0.67)	1.51	(1.17)	3.50
VFAIX	0.75	0.07	0.07	0.20	0.74	(0.79)	1.92	(1.77)	5.62
VENAX	1.03	0.10	0.02	0.40	1.07	(1.13)	2.33	(1.87)	5.17
VTCAX	0.80	0.17	0.17	0.33	0.50	(0.99)	2.02	(1.01)	4.17
VHCIX	0.88	(0.17)	0.00	(0.05)	0.00	0.00	1.45	(2.43)	5.33

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

2025 Macroaxis LLC