Utilities Select Correlations

XLU Etf

USD 84.91 0.89 1.06%

The current 90-days correlation between Utilities Select Sector and Consumer Staples Select is 0.66 (i.e., Poor diversification). The correlation of Utilities Select 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.

Utilities Select Correlation With Market

Very weak diversification

The correlation between Utilities Select Sector and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utilities Select Sector and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Utilities Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Utilities Select Sector. 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 Utilities Etf

1.0	VPU	Vanguard Utilities Index	Pair Corr
0.77	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
0.89	JXI	iShares Global Utilities	Pair Corr
0.96	PUI	Invesco DWA Utilities	Pair Corr
0.94	UTES	Virtus Reaves Utilities	Pair Corr
0.91	SIXD	AIM ETF Products	Pair Corr
0.8	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.88	CEFD	ETRACS Monthly Pay	Pair Corr
0.84	NFLX	Netflix	Pair Corr
0.73	FCOR	Fidelity Corporate Bond	Pair Corr
0.88	PFUT	Putnam Sustainable Future	Pair Corr
0.78	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.89	VWO	Vanguard FTSE Emerging	Pair Corr
0.89	SAUG	First Trust Exchange	Pair Corr
0.91	SPY	SPDR SP 500	Pair Corr
0.63	BBBL	BondBloxx ETF Trust	Pair Corr
0.88	DCPE	DoubleLine Shiller CAPE	Pair Corr
0.8	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.92	SUPP	TCW Transform Supply	Pair Corr
0.91	BUFD	FT Cboe Vest	Pair Corr
0.88	MYMF	SPDR SSGA My2026	Pair Corr
0.81	KGRN	KraneShares MSCI China	Pair Corr
0.75	VBF	Invesco Van Kampen	Pair Corr
0.89	CPSD	Calamos ETF Trust	Pair Corr
0.9	VYMI	Vanguard International	Pair Corr
0.88	EFAA	Invesco Actively Managed	Pair Corr
0.8	SPIB	SPDR Barclays Interm	Pair Corr
0.84	IBIB	iShares Trust	Pair Corr
0.9	QTOC	Innovator ETFs Trust	Pair Corr
0.87	VFVA	Vanguard Value Factor	Pair Corr

Moving against Utilities Etf

0.89	VXX	iPath Series B	Pair Corr
0.89	VIXY	ProShares VIX Short	Pair Corr
0.7	YCL	ProShares Ultra Yen	Pair Corr

Related Correlations Analysis

	XLP	XLI	XLB	XLV	XLY
XLP		0.24	0.29	0.06	0.21	XLP
XLI	0.24		0.96	-0.29	0.96	XLI
XLB	0.29	0.96		-0.11	0.9	XLB
XLV	0.06	-0.29	-0.11		-0.36	XLV
XLY	0.21	0.96	0.9	-0.36		XLY
	XLP	XLI	XLB	XLV	XLY

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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

XLB	+ 0.96	XLI
XLY	+ 0.96	XLI
XLY	+ 0.9	XLB
XLB	+ 0.29	XLP
XLI	+ 0.24	XLP
XLY	+ 0.21	XLP

High negative correlations

XLY	- 0.36	XLV
XLV	- 0.29	XLI
XLV	- 0.11	XLB

Utilities Select Constituents Risk-Adjusted Indicators

There is a big difference between Utilities Etf performing well and Utilities Select 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 Utilities Select's 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
XLP	0.60	(0.05)	(0.19)	0.00	0.68	(0.67)	1.25	(1.17)	3.48
XLI	0.68	0.15	0.17	0.31	0.41	(0.80)	1.77	(0.88)	4.76
XLB	0.78	0.07	0.05	0.22	0.70	(0.86)	2.16	(1.34)	4.64
XLV	0.89	(0.19)	0.00	(0.08)	0.00	0.00	1.42	(2.35)	5.48
XLY	0.99	0.25	0.08	(2.79)	1.01	(1.02)	2.23	(2.03)	7.49

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