Consumer Discretionary Correlations

XLY Etf

USD 224.50 4.22 1.85%

The current 90-days correlation between Consumer Discretionary and Energy Select Sector is 0.25 (i.e., Modest diversification). The correlation of Consumer Discretionary 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.

Consumer Discretionary Correlation With Market

Poor diversification

The correlation between Consumer Discretionary Select and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Discretionary Select and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Consumer Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Consumer Discretionary Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Consumer Etf

0.95	VCR	Vanguard Consumer	Pair Corr
0.96	FDIS	Fidelity MSCI Consumer	Pair Corr
0.73	IYC	iShares Consumer Dis	Pair Corr
0.62	SHLD	Global X Defense	Pair Corr
0.64	SWP	SWP Growth Income	Pair Corr
0.75	DUKH	Ocean Park High	Pair Corr
0.69	WINN	Harbor Long Term	Pair Corr
0.78	JNK	SPDR Bloomberg High Sell-off Trend	Pair Corr
0.66	GOP	Unusual Whales Subversive Symbol Change	Pair Corr
0.64	FELG	Fidelity Covington Trust	Pair Corr
0.63	VOO	Vanguard SP 500	Pair Corr
0.65	EQTYX	WisdomTree Siegel Global	Pair Corr
0.63	TSLP	Kurv Yield Premium	Pair Corr

Moving against Consumer Etf

0.53

FNGD

MicroSectors FANG Index

Pair Corr

Related Correlations Analysis

	SPYV	OEF	VITNX	SPDW	TQQQ	XLE	XLC	VTCIX	VFTAX	IUSG
SPYV		0.92	0.92	0.93	0.89	0.29	0.17	0.93	0.91	0.78	SPYV
OEF	0.92		0.98	0.92	0.98	0.23	0.31	0.99	0.99	0.9	OEF
VITNX	0.92	0.98		0.94	0.98	0.25	0.44	1.0	1.0	0.91	VITNX
SPDW	0.93	0.92	0.94		0.9	0.2	0.31	0.94	0.92	0.83	SPDW
TQQQ	0.89	0.98	0.98	0.9		0.18	0.39	0.98	0.99	0.91	TQQQ
XLE	0.29	0.23	0.25	0.2	0.18		0.23	0.26	0.24	0.28	XLE
XLC	0.17	0.31	0.44	0.31	0.39	0.23		0.42	0.43	0.41	XLC
VTCIX	0.93	0.99	1.0	0.94	0.98	0.26	0.42		1.0	0.91	VTCIX
VFTAX	0.91	0.99	1.0	0.92	0.99	0.24	0.43	1.0		0.92	VFTAX
IUSG	0.78	0.9	0.91	0.83	0.91	0.28	0.41	0.91	0.92		IUSG
	SPYV	OEF	VITNX	SPDW	TQQQ	XLE	XLC	VTCIX	VFTAX	IUSG

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Consumer Discretionary Constituents Risk-Adjusted Indicators

There is a big difference between Consumer Etf performing well and Consumer Discretionary 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 Consumer Discretionary'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
SPYV	0.46	0.02	0.02	0.05	0.57	(0.48)	0.91	(0.83)	3.64
OEF	0.58	0.06	0.06	0.10	0.79	(0.58)	1.46	(1.19)	4.30
VITNX	0.55	0.02	0.02	0.05	0.82	(0.52)	1.15	(1.16)	4.42
SPDW	0.57	0.00	(0.01)	0.03	0.73	(0.58)	1.04	(1.18)	3.65
TQQQ	2.22	0.12	0.05	0.07	3.28	(2.13)	4.49	(5.61)	14.98
XLE	0.85	0.10	0.06	0.27	1.08	(0.83)	1.70	(1.84)	4.93
XLC	0.63	(0.01)	(0.03)	0.02	0.73	(0.69)	1.41	(1.40)	3.52
VTCIX	0.54	0.02	0.02	0.05	0.79	(0.51)	1.19	(1.12)	4.29
VFTAX	0.59	0.02	0.02	0.05	0.85	(0.57)	1.46	(1.33)	4.51
IUSG	0.71	0.05	0.02	0.94	1.01	(0.70)	1.46	(1.55)	4.65

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