Consumer Staples Correlations

XLP Etf

USD 77.84 0.26 0.33%

The current 90-days correlation between Consumer Staples Select and Consumer Discretionary Select is 0.16 (i.e., Average diversification). The correlation of Consumer Staples 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.

Consumer Staples Correlation With Market

Modest diversification

The correlation between Consumer Staples Select and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Staples Select and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Consumer Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Consumer Staples 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 board of governors.

Moving together with Consumer Etf

0.97	VDC	Vanguard Consumer Staples	Pair Corr
0.88	IYK	iShares Consumer Staples	Pair Corr
0.87	KXI	iShares Global Consumer	Pair Corr
0.98	FSTA	Fidelity MSCI Consumer	Pair Corr
0.92	FTXG	First Trust Nasdaq	Pair Corr
0.96	RHS	Invesco SP 500	Pair Corr
0.77	FXG	First Trust Consumer	Pair Corr
0.87	PBJ	Invesco Dynamic Food	Pair Corr

Moving against Consumer Etf

0.7	SPY	SPDR SP 500	Pair Corr
0.7	IVV	iShares Core SP	Pair Corr
0.62	KRMA	Global X Conscious	Pair Corr
0.62	TLT	iShares 20 Year Sell-off Trend	Pair Corr
0.59	GRI	GRI Bio	Pair Corr
0.54	MDY	SPDR SP MIDCAP	Pair Corr
0.52	SLYG	SPDR SP 600	Pair Corr
0.83	NLR	VanEck UraniumNuclear	Pair Corr
0.83	AGQ	ProShares Ultra Silver	Pair Corr
0.82	GLD	SPDR Gold Shares Aggressive Push	Pair Corr
0.79	TSLY	YieldMax TSLA Option	Pair Corr
0.76	PPLT	abrdn Physical Platinum	Pair Corr
0.75	IGV	iShares Expanded Tech	Pair Corr
0.75	SLVP	iShares MSCI Global Low Volatility	Pair Corr
0.67	ACWI	iShares MSCI ACWI	Pair Corr
0.65	RORO	ATAC Rotation ETF	Pair Corr
0.65	XLC	Communication Services	Pair Corr
0.64	HYBB	iShares BB Rated	Pair Corr
0.62	UTHY	US Treasury 30	Pair Corr
0.58	RYLD	Global X Russell	Pair Corr
0.55	SLYV	SPDR SP 600	Pair Corr
0.54	IJR	iShares Core SP	Pair Corr
0.46	HEWJ	iShares Currency Hedged	Pair Corr
0.85	GTEK	Goldman Sachs Future	Pair Corr
0.81	EGGY	NestYield Dynamic Income	Pair Corr
0.8	SGDJ	Sprott Junior Gold	Pair Corr
0.76	IQM	Franklin Templeton ETF	Pair Corr
0.75	SNTH	MRP SynthEquity ETF	Pair Corr
0.71	KEUA	KraneShares European	Pair Corr

Related Correlations Analysis

	XLY	XLI	XLU	XLB	XLV
XLY		0.54	0.38	0.3	0.67	XLY
XLI	0.54		0.56	0.22	0.62	XLI
XLU	0.38	0.56		-0.4	0.57	XLU
XLB	0.3	0.22	-0.4		0.27	XLB
XLV	0.67	0.62	0.57	0.27		XLV
	XLY	XLI	XLU	XLB	XLV

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

XLV	+ 0.67	XLY
XLV	+ 0.62	XLI
XLV	+ 0.57	XLU
XLU	+ 0.56	XLI
XLI	+ 0.54	XLY
XLU	+ 0.38	XLY

High negative correlations

XLB

- 0.4

XLU

Consumer Staples Constituents Risk-Adjusted Indicators

There is a big difference between Consumer Etf performing well and Consumer Staples 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 Consumer Staples' 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
XLY	0.76	0.02	0.03	0.04	0.98	(0.75)	1.83	(1.65)	4.79
XLI	0.60	(0.03)	(0.04)	(0.01)	0.77	(0.60)	1.06	(1.14)	3.29
XLU	0.61	0.13	0.16	0.49	0.56	(0.65)	1.63	(1.06)	3.59
XLB	0.76	(0.11)	0.00	(0.08)	0.00	0.00	1.39	(1.64)	3.62
XLV	0.79	0.05	0.05	0.07	0.91	(0.89)	1.86	(1.50)	4.85

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