Vanguard Utilities Correlations

Etfs . USA . 
Etf . Vanguard Utilities Index
VPU Etf  USD 173.94  1.27  0.72%   
The current 90-days correlation between Vanguard Utilities Index and Vanguard Industrials Index is 0.62 (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

Poor diversification

The correlation between Vanguard Utilities Index and DJI is 0.66 (i.e., Poor 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.
  
Build AI portfolio with Vanguard Etf
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 etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Vanguard Etf

  0.98XLU Utilities Select SectorPairCorr
  0.99FUTY Fidelity MSCI UtilitiesPairCorr
  0.97IDU iShares Utilities ETFPairCorr
  0.96FXU First Trust UtilitiesPairCorr
  0.95JXI iShares Global UtilitiesPairCorr
  0.98PUI Invesco DWA UtilitiesPairCorr
  0.93UTES Virtus Reaves UtilitiesPairCorr
  0.81XBJL Innovator Equity AccPairCorr
  0.84TOV EA Series TrustPairCorr
  0.82QGRW WisdomTree TrustPairCorr
  0.88EAOM iShares ESG AwarePairCorr
  0.85FYC First Trust SmallPairCorr
  0.67DSPY Tema ETF TrustPairCorr
  0.84ARKB ARK 21Shares BitcoinPairCorr
  0.83VOLT Tema Electrification ETFPairCorr
  0.79TOPT iShares TrustPairCorr
  0.76BPI Grayscale Funds TrustPairCorr
  0.8SMH VanEck Semiconductor ETFPairCorr
  0.81QVOY Ultimus Managers TrustPairCorr
  0.91DMCY Democracy InternationalPairCorr
  0.85FMAY First Trust ExchangePairCorr
  0.79OOSB One One SPPairCorr
  0.86GPGEX Grandeur Peak GlobalPairCorr
  0.82BTFD Valkyrie Bitcoin StrategyPairCorr
  0.76RINF ProShares InflationPairCorr
  0.8PWRD Perfect World Symbol ChangePairCorr
  0.85GLOF iShares MSCI GlobalPairCorr

Moving against Vanguard Etf

  0.74ARKC ARK 21Shares ActivePairCorr
  0.69WTID UBS ETRACSPairCorr

Related Correlations Analysis

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Vanguard Utilities Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Utilities 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 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.

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