Vanguard Consumer Correlations

VCR Etf

USD 368.50 5.82 1.60%

The current 90-days correlation between Vanguard Consumer and VanEck Pharmaceutical ETF is 0.23 (i.e., Modest diversification). The correlation of Vanguard Consumer 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 Consumer Correlation With Market

Poor diversification

The correlation between Vanguard Consumer Discretionar and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Consumer Discretionar and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Consumer Discretionary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Vanguard Etf

1.0	XLY	Consumer Discretionary	Pair Corr
1.0	FDIS	Fidelity MSCI Consumer	Pair Corr
0.99	IYC	iShares Consumer Dis	Pair Corr
0.95	PEJ	Invesco Dynamic Leisure	Pair Corr
0.92	FXD	First Trust Consumer	Pair Corr
0.9	RCD	Invesco SP 500	Pair Corr
0.78	XRT	SPDR SP Retail	Pair Corr
0.73	NVDL	GraniteShares 15x Long Downward Rally	Pair Corr
0.73	NVDX	T Rex 2X Downward Rally	Pair Corr
0.79	CONL	GraniteShares ETF Trust	Pair Corr
0.74	NVDU	Direxion Daily NVDA Downward Rally	Pair Corr
0.87	BITX	Volatility Shares Trust Low Volatility	Pair Corr
0.9	CRPT	First Trust SkyBridge	Pair Corr
0.91	DAPP	VanEck Digital Trans	Pair Corr
0.89	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.9	BITQ	Bitwise Crypto Industry	Pair Corr
0.9	BTC	Grayscale Bitcoin Mini	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.9	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.92	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.84	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.87	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.78	T	ATT Inc Aggressive Push	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.9	WMT	Walmart Aggressive Push	Pair Corr

Moving against Vanguard Etf

0.8	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.35	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PPH	BBH	OIH	IYC	IYT
PPH		0.92	-0.24	-0.91	-0.83	PPH
BBH	0.92		-0.15	-0.78	-0.67	BBH
OIH	-0.24	-0.15		0.39	0.31	OIH
IYC	-0.91	-0.78	0.39		0.92	IYC
IYT	-0.83	-0.67	0.31	0.92		IYT
	PPH	BBH	OIH	IYC	IYT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BBH	+ 0.92	PPH
IYT	+ 0.92	IYC
IYC	+ 0.39	OIH
IYT	+ 0.31	OIH

High negative correlations

IYC	- 0.91	PPH
IYT	- 0.83	PPH
IYC	- 0.78	BBH
IYT	- 0.67	BBH
OIH	- 0.24	PPH
OIH	- 0.15	BBH

Vanguard Consumer Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Consumer 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 Consumer'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
PPH	0.50	(0.18)	0.00	(0.62)	0.00	0.00	0.74	(1.46)	3.61
BBH	0.75	(0.24)	0.00	(0.20)	0.00	0.00	1.23	(1.87)	6.02
OIH	1.40	(0.11)	(0.02)	0.05	1.67	(1.48)	2.56	(3.10)	10.56
IYC	0.73	0.12	0.13	0.25	0.54	(0.89)	1.49	(1.19)	3.43
IYT	0.88	0.03	0.04	0.14	0.89	(0.93)	1.74	(1.60)	6.35

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC