Vanguard Utilities Correlations

Etfs . USA . 
Etf . Vanguard Utilities Index
VPU Etf  USD 176.05  0.68  0.38%   
The current 90-days correlation between Vanguard Utilities Index and Vanguard Industrials Index is 0.17 (i.e., Average diversification). The correlation of Vanguard Utilities 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 Utilities Correlation With Market

Average diversification

The correlation between Vanguard Utilities Index and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Utilities 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 Utilities 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 american community survey.

Moving together with Vanguard Etf

  1.0XLU Utilities Select Sector Aggressive PushPairCorr
  1.0FUTY Fidelity MSCI UtilitiesPairCorr
  1.0IDU iShares Utilities ETFPairCorr
  0.91FXU First Trust UtilitiesPairCorr
  0.83JXI iShares Global UtilitiesPairCorr
  0.65WMT Walmart Aggressive PushPairCorr
  0.69MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.64AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.79IBM International Business Fiscal Year End 22nd of January 2025 PairCorr
  0.63TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.73T ATT Inc Aggressive PushPairCorr
  0.71GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr

Moving against Vanguard Etf

  0.74NRGU Bank Of MontrealPairCorr
  0.35RNRG Global X RenewablePairCorr
  0.35YLCO Global X YieldCoPairCorr
  0.42MRK Merck Company Fiscal Year End 6th 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   
VIS
+ 0.96
VOX
VIS
+ 0.9
VFH
VFH
+ 0.89
VOX
VIS
+ 0.76
VAW
VOX
+ 0.67
VAW
VFH
+ 0.47
VAW
  
High negative correlations   
VOX
- 0.41
VDC
VIS
- 0.26
VDC
VFH
- 0.26
VDC
VAW
- 0.1
VDC

Vanguard Utilities Constituents Risk-Adjusted Indicators

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