Energy Select Correlations

XLE Etf

USD 81.98 1.18 1.46%

The current 90-days correlation between Energy Select Sector and Financial Select Sector is 0.79 (i.e., Poor diversification). The correlation of Energy 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.

Energy Select Correlation With Market

Very poor diversification

The correlation between Energy Select Sector and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy Select Sector and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Energy Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Energy 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 Energy Etf

1.0	VDE	Vanguard Energy Index	Pair Corr
0.93	XOP	SPDR SP Oil	Pair Corr
0.88	OIH	VanEck Oil Services	Pair Corr
1.0	IYE	iShares Energy ETF	Pair Corr
0.99	IXC	iShares Global Energy	Pair Corr
0.93	FXN	First Trust Energy	Pair Corr
1.0	FENY	Fidelity MSCI Energy	Pair Corr
0.98	FTXN	First Trust Nasdaq	Pair Corr
0.97	IEO	iShares Oil Gas	Pair Corr
0.7	UPRO	ProShares UltraPro SP500	Pair Corr
0.66	QTJA	Innovator ETFs Trust	Pair Corr
0.67	QTOC	Innovator ETFs Trust Low Volatility	Pair Corr
0.74	XTOC	Innovator ETFs Trust	Pair Corr
0.7	QTAP	Innovator Growth 100	Pair Corr
0.74	XTJA	Innovator ETFs Trust	Pair Corr
0.74	XTAP	Innovator Equity Acc	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.76	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.95	CVX	Chevron Corp	Pair Corr
0.71	DIS	Walt Disney Earnings Call Today	Pair Corr
0.64	MRK	Merck Company Sell-off Trend	Pair Corr
0.66	INTC	Intel Aggressive Push	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.68	IBM	International Business	Pair Corr
0.83	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.87	XOM	Exxon Mobil Corp	Pair Corr

Moving against Energy Etf

0.66	IBND	SPDR Bloomberg Inter	Pair Corr
0.45	MYCF	SPDR SSGA My2026	Pair Corr
0.31	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	XLF	XLV	XLK	XLU	XLI
XLF		0.79	0.93	0.63	0.97	XLF
XLV	0.79		0.75	0.38	0.8	XLV
XLK	0.93	0.75		0.55	0.95	XLK
XLU	0.63	0.38	0.55		0.62	XLU
XLI	0.97	0.8	0.95	0.62		XLI
	XLF	XLV	XLK	XLU	XLI

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Energy Select Constituents Risk-Adjusted Indicators

There is a big difference between Energy Etf performing well and Energy 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 Energy 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
XLF	1.16	0.09	0.00	(0.03)	0.00	0.00	2.07	(2.79)	10.33
XLV	0.91	0.00	0.00	(0.11)	0.00	0.00	1.38	(2.16)	7.14
XLK	1.75	0.10	0.00	(0.05)	0.00	0.00	2.90	(4.25)	18.08
XLU	0.90	0.13	0.13	0.12	1.36	(0.92)	1.95	(2.07)	7.65
XLI	1.19	0.10	0.00	(0.02)	0.00	0.00	1.82	(2.24)	11.46

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