Vanguard Industrials Correlations

Etfs . USA . 
Etf . Vanguard Industrials Index
VIS Etf  USD 288.33  0.71  0.25%   
The current 90-days correlation between Vanguard Industrials and Vanguard Materials Index is 0.82 (i.e., Very poor diversification). The correlation of Vanguard Industrials 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 Industrials Correlation With Market

Very poor diversification

The correlation between Vanguard Industrials Index and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Industrials Index and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Industrials 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 gross domestic product.

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Related Correlations Analysis

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Vanguard Industrials Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Industrials 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 Industrials' 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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