Consumer Staples Correlations

XLP Etf

USD 87.89 0.22 0.25%

The current 90-days correlation between Consumer Staples Select and iShares Russell Mid Cap is 0.29 (i.e., Modest diversification). The correlation of Consumer Staples 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 Staples Correlation With Market

Poor diversification

The correlation between Consumer Staples Select and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Staples 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 Staples 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 board of governors.

Moving together with Consumer Etf

1.0	VDC	Vanguard Consumer Staples	Pair Corr
0.97	IYK	iShares Consumer Staples	Pair Corr
0.99	KXI	iShares Global Consumer	Pair Corr
1.0	FSTA	Fidelity MSCI Consumer	Pair Corr
0.97	FTXG	First Trust Nasdaq	Pair Corr
0.99	RHS	Invesco SP 500	Pair Corr
0.98	FXG	First Trust Consumer	Pair Corr
0.99	PBJ	Invesco Dynamic Food	Pair Corr
0.98	PSL	Invesco DWA Consumer	Pair Corr
0.8	DHF	BNY Mellon High	Pair Corr
0.87	ARP	Advisors Inner Circle	Pair Corr
0.82	PXMV	Invesco SP MidCap	Pair Corr
0.85	IGA	Voya Global Advantage	Pair Corr
0.64	JANW	AIM ETF Products	Pair Corr
0.72	CTEX	ProShares SP Kensho	Pair Corr
0.81	FPXE	First Trust IPOX	Pair Corr
0.95	PMIO	PGIM ETF Trust	Pair Corr
0.83	ESML	iShares ESG Aware	Pair Corr
0.77	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.94	EIPI	First Trust Exchange	Pair Corr
0.73	GAPR	First Trust Exchange	Pair Corr
0.73	TOCT	Innovator Equity Defined	Pair Corr
0.76	IBBQ	Invesco Nasdaq Biote	Pair Corr
0.88	JPIE	JP Morgan Exchange	Pair Corr
0.92	BSMS	Invesco BulletShares 2028	Pair Corr
0.9	SCZ	iShares MSCI EAFE	Pair Corr
0.93	FIDU	Fidelity MSCI Industrials	Pair Corr
0.94	GENW	Spinnaker ETF Series	Pair Corr

Moving against Consumer Etf

0.61	ENTR	EntrepreneurShares	Pair Corr
0.55	MAGS	Roundhill Magnificent	Pair Corr
0.42	PLT	Defiance Leveraged Long	Pair Corr

Related Correlations Analysis

	VONV	SPMD	IWS	DGRW	SPEM	VFH	ESGU	VHT	VHCIX	IWO
VONV		0.98	0.99	0.97	0.94	0.3	0.66	0.5	0.49	0.8	VONV
SPMD	0.98		1.0	0.95	0.91	0.32	0.67	0.55	0.54	0.84	SPMD
IWS	0.99	1.0		0.96	0.93	0.27	0.64	0.51	0.5	0.81	IWS
DGRW	0.97	0.95	0.96		0.91	0.25	0.68	0.47	0.46	0.74	DGRW
SPEM	0.94	0.91	0.93	0.91		0.08	0.55	0.41	0.39	0.71	SPEM
VFH	0.3	0.32	0.27	0.25	0.08		0.71	0.45	0.44	0.53	VFH
ESGU	0.66	0.67	0.64	0.68	0.55	0.71		0.54	0.54	0.85	ESGU
VHT	0.5	0.55	0.51	0.47	0.41	0.45	0.54		0.99	0.61	VHT
VHCIX	0.49	0.54	0.5	0.46	0.39	0.44	0.54	0.99		0.59	VHCIX
IWO	0.8	0.84	0.81	0.74	0.71	0.53	0.85	0.61	0.59		IWO
	VONV	SPMD	IWS	DGRW	SPEM	VFH	ESGU	VHT	VHCIX	IWO

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Consumer Staples Constituents Risk-Adjusted Indicators

There is a big difference between Consumer Etf performing well and Consumer Staples 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 Staples' 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
VONV	0.53	0.09	0.12	0.18	0.39	(0.60)	1.38	(1.05)	3.01
SPMD	0.70	0.11	0.13	0.17	0.54	(0.79)	1.87	(1.37)	4.60
IWS	0.63	0.10	0.13	0.17	0.47	(0.72)	1.63	(1.24)	3.81
DGRW	0.44	0.02	0.00	0.10	0.48	(0.48)	1.12	(0.96)	3.12
SPEM	0.59	0.08	0.07	0.20	0.55	(0.65)	1.42	(1.07)	4.12
VFH	0.75	(0.06)	(0.06)	0.01	0.94	(0.79)	1.45	(1.80)	4.47
ESGU	0.57	(0.03)	(0.05)	0.04	0.77	(0.56)	1.00	(1.24)	3.75
VHT	0.68	0.00	(0.04)	0.06	0.63	(0.85)	1.85	(1.10)	3.61
VHCIX	0.68	0.00	(0.04)	0.07	0.66	(0.85)	1.83	(1.13)	4.28
IWO	1.02	0.03	0.04	0.09	1.12	(1.03)	2.02	(1.93)	6.58

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