Vanguard Health Correlations

VHT Etf

USD 265.83 0.46 0.17%

The current 90-days correlation between Vanguard Health Care and Vanguard Consumer Staples is 0.49 (i.e., Very weak diversification). The correlation of Vanguard Health 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 Health Correlation With Market

Poor diversification

The correlation between Vanguard Health Care 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 Health Care 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 Health Care. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Vanguard Etf

1.0	XLV	Health Care Select	Pair Corr
0.86	IBB	iShares Biotechnology ETF	Pair Corr
0.62	XBI	SPDR SP Biotech	Pair Corr
0.98	IXJ	iShares Global Healthcare	Pair Corr
1.0	IYH	iShares Healthcare ETF	Pair Corr
1.0	FHLC	Fidelity MSCI Health	Pair Corr
0.72	ARKG	ARK Genomic Revolution Low Volatility	Pair Corr
0.87	IHF	iShares Healthcare	Pair Corr
0.83	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.85	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.69	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Vanguard Etf

0.87	RSPY	Tuttle Capital Management	Pair Corr
0.86	MEME	Roundhill Investments	Pair Corr
0.84	DSJA	DSJA	Pair Corr
0.47	IHI	iShares Medical Devices	Pair Corr
0.31	ITDD	iShares Trust	Pair Corr
0.87	DIS	Walt Disney	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr
0.81	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.75	T	ATT Inc Aggressive Push	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.7	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.6	HPQ	HP Inc	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.5	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.46	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	VDC	VFH	VGT	VCR	VPU
VDC		-0.26	-0.35	-0.19	0.08	VDC
VFH	-0.26		0.85	0.9	0.46	VFH
VGT	-0.35	0.85		0.86	0.57	VGT
VCR	-0.19	0.9	0.86		0.55	VCR
VPU	0.08	0.46	0.57	0.55		VPU
	VDC	VFH	VGT	VCR	VPU

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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

VCR	+ 0.9	VFH
VCR	+ 0.86	VGT
VGT	+ 0.85	VFH
VPU	+ 0.57	VGT
VPU	+ 0.55	VCR
VPU	+ 0.46	VFH

High negative correlations

VGT	- 0.35	VDC
VFH	- 0.26	VDC
VCR	- 0.19	VDC

Vanguard Health Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Health 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 Health'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
VDC	0.47	0.01	(0.16)	0.22	0.50	(0.50)	0.83	(0.91)	2.09
VFH	0.78	0.08	0.15	0.18	0.52	(0.93)	1.72	(1.18)	8.49
VGT	0.95	(0.01)	0.01	0.11	1.40	(0.94)	2.05	(2.43)	6.28
VCR	0.89	0.10	0.11	0.22	0.77	(1.03)	2.10	(1.57)	4.79
VPU	0.75	0.10	0.00	0.58	0.78	(0.86)	1.70	(1.40)	4.65

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