Vanguard Utilities Correlations

VPU Etf

USD 194.98 2.41 1.25%

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

Weak diversification

The correlation between Vanguard Utilities Index and DJI is 0.31 (i.e., Weak 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 metropolitan statistical area.

Moving together with Vanguard Etf

1.0	XLU	Utilities Select Sector	Pair Corr
0.86	AMPS	Blackrock	Pair Corr
1.0	FUTY	Fidelity MSCI Utilities	Pair Corr
0.99	IDU	iShares Utilities ETF	Pair Corr
0.96	FXU	First Trust Utilities	Pair Corr
0.96	JXI	iShares Global Utilities	Pair Corr
0.91	PUI	Invesco DWA Utilities	Pair Corr
0.87	UTES	Virtus Reaves Utilities	Pair Corr
0.71	USD	ProShares Ultra Semi	Pair Corr
0.78	BULZ	MicroSectors Solactive	Pair Corr
0.87	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.7	SATO	Invesco Alerian Galaxy Low Volatility	Pair Corr
0.73	BITS	Global X Blockchain	Pair Corr
0.66	DAPP	VanEck Digital Trans	Pair Corr
0.75	BITQ	Bitwise Funds Trust	Pair Corr
0.82	IDHQ	Invesco SP International	Pair Corr
0.75	QQQ	Invesco QQQ Trust	Pair Corr
0.73	GMF	SPDR SP Emerging	Pair Corr
0.88	TCAI	Tortoise Capital Series	Pair Corr
0.81	AFK	VanEck Africa Index	Pair Corr
0.74	SGVT	Schwab Strategic Trust	Pair Corr
0.76	IWMI	NEOS Russell 2000 Low Volatility	Pair Corr

Moving against Vanguard Etf

0.64

REKT

Direxion Shares ETF

Pair Corr

Related Correlations Analysis

	MDST	MGNR	DRIP	DRLL	MLPX	MLPR	MLPA	MLPB	MLPD
MDST		-0.28	-0.78	0.59	0.96	0.49	0.57	0.5	0.89	MDST
MGNR	-0.28		-0.06	0.09	-0.23	-0.52	-0.62	-0.61	0.1	MGNR
DRIP	-0.78	-0.06		-0.91	-0.75	-0.46	-0.48	-0.44	-0.83	DRIP
DRLL	0.59	0.09	-0.91		0.52	0.59	0.57	0.54	0.62	DRLL
MLPX	0.96	-0.23	-0.75	0.52		0.32	0.42	0.34	0.91	MLPX
MLPR	0.49	-0.52	-0.46	0.59	0.32		0.97	0.98	0.23	MLPR
MLPA	0.57	-0.62	-0.48	0.57	0.42	0.97		0.99	0.27	MLPA
MLPB	0.5	-0.61	-0.44	0.54	0.34	0.98	0.99		0.22	MLPB
MLPD	0.89	0.1	-0.83	0.62	0.91	0.23	0.27	0.22		MLPD
	MDST	MGNR	DRIP	DRLL	MLPX	MLPR	MLPA	MLPB	MLPD

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

MLPB	+ 0.99	MLPA
MLPB	+ 0.98	MLPR
MLPA	+ 0.97	MLPR
MLPX	+ 0.96	MDST
MLPD	+ 0.91	MLPX
MLPD	+ 0.89	MDST

High negative correlations

DRLL	- 0.91	DRIP
MLPD	- 0.83	DRIP
DRIP	- 0.78	MDST
MLPX	- 0.75	DRIP
MLPA	- 0.62	MGNR
MLPB	- 0.61	MGNR

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MDST	0.53	0.01	(0.08)	(0.02)	0.66	(0.58)	1.23	(1.17)	3.14
MGNR	1.14	0.21	0.09	1.49	1.43	(1.18)	2.37	(3.24)	7.93
DRIP	2.55	0.01	0.00	0.05	0.00	0.00	4.85	(4.85)	18.48
DRLL	0.93	0.00	(0.04)	0.08	1.27	(0.90)	1.77	(2.03)	5.27
MLPX	0.60	0.00	(0.06)	0.08	0.94	(0.53)	1.26	(1.34)	3.66
MLPR	0.88	0.00	(0.03)	0.08	1.46	(0.86)	2.27	(1.48)	7.58
MLPA	0.54	(0.01)	0.00	0.17	0.00	0.00	1.07	(1.19)	3.12
MLPB	0.56	0.00	(0.07)	0.09	0.81	(0.53)	1.43	(1.41)	3.27
MLPD	0.34	0.02	(0.05)	(2.01)	0.59	(0.32)	0.70	(0.86)	2.85

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