Vanguard Industrials Correlations

Etfs . USA . 
Etf . Vanguard Industrials Index
VIS Etf  USD 273.32  3.78  1.40%   
The current 90-days correlation between Vanguard Industrials and Vanguard Materials Index is 0.81 (i.e., Very poor diversification). The correlation of Vanguard Industrials 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 Industrials Correlation With Market

Very poor diversification

The correlation between Vanguard Industrials Index and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Industrials Index 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 Industrials 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 gross domestic product.

Moving together with Vanguard Etf

  1.0XLI Industrial Select SectorPairCorr
  0.74DRVN Driven Brands HoldingsPairCorr
  0.9ITA iShares Aerospace DefensePairCorr
  0.91JETS US Global JetsPairCorr
  0.99FXR First Trust IndustriPairCorr
  0.97PPA Invesco Aerospace DefensePairCorr
  0.99IYJ iShares Industrials ETFPairCorr
  0.95IYT iShares TransportationPairCorr
  1.0FIDU Fidelity MSCI IndustrialsPairCorr
  0.89MAPP Harbor ETF TrustPairCorr
  0.97EVUS iShares ESG AwarePairCorr
  0.92EOS Eaton Vance EnhancedPairCorr
  0.96VBK Vanguard Small CapPairCorr
  0.84HD Home DepotPairCorr
  0.84CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.92AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.92INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.83BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.7JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.73XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.85HPQ HP IncPairCorr
  0.76DIS Walt Disney Aggressive PushPairCorr
  0.94CSCO Cisco SystemsPairCorr
  0.85WMT Walmart Aggressive PushPairCorr
  0.97AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Moving against Vanguard Etf

  0.84BITI ProShares TrustPairCorr
  0.6HART IQ Healthy HeartsPairCorr
  0.44GREI Goldman Sachs FuturePairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.76BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.69JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.54PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

Related Correlations Analysis

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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   
VOX
+ 0.93
VCR
VFH
+ 0.89
VCR
VFH
+ 0.89
VOX
VOX
+ 0.68
VAW
VCR
+ 0.57
VAW
VFH
+ 0.49
VAW
  
High negative correlations   
VDC
- 0.46
VOX
VFH
- 0.35
VDC
VDC
- 0.26
VCR
VDC
- 0.08
VAW

Vanguard Industrials Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Industrials 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 Industrials' 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.

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