Communication Services Correlations

Etfs . USA . 
Etf . Communication Services Select
XLC Etf  USD 107.86  0.25  0.23%   
The current 90-days correlation between Communication Services and The Real Estate is 0.46 (i.e., Very weak diversification). The correlation of Communication Services 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.

Communication Services Correlation With Market

Poor diversification

The correlation between Communication Services Select and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Communication Services Select and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Communication Services Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Communication Etf

  1.0VOX Vanguard CommunicationPairCorr
  1.0FCOM Fidelity MSCI CommunPairCorr
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  1.0IXP iShares Global CommPairCorr
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  0.96SOCL Global X SocialPairCorr
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  0.99IVV iShares Core SPPairCorr
  0.62BND Vanguard Total BondPairCorr
  0.98VTV Vanguard Value IndexPairCorr
  0.99VUG Vanguard Growth IndexPairCorr
  0.98VO Vanguard Mid CapPairCorr
  0.98VEA Vanguard FTSE DevelopedPairCorr
  0.97VB Vanguard Small CapPairCorr
  0.98SRLN SPDR Blackstone SeniorPairCorr
  0.98VSS Vanguard FTSE AllPairCorr
  0.96MYMF SPDR SSGA My2026PairCorr
  0.95PFUT Putnam Sustainable FuturePairCorr
  0.91VABS Virtus Newfleet ABSMBSPairCorr
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  0.96VFVA Vanguard Value FactorPairCorr
  0.72EUSB iShares TrustPairCorr
  0.96DCPE DoubleLine Shiller CAPEPairCorr
  0.98VWO Vanguard FTSE EmergingPairCorr
  0.98SOXX iShares Semiconductor ETFPairCorr
  0.99CGGO Capital Group GlobalPairCorr
  0.83KWEB KraneShares CSI ChinaPairCorr
  0.99BUFD FT Cboe VestPairCorr

Related Correlations Analysis

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Communication Services Constituents Risk-Adjusted Indicators

There is a big difference between Communication Etf performing well and Communication Services 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 Communication Services' 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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