Vanguard Consumer Correlations

VCR Etf

USD 359.86 3.59 0.99%

The current 90-days correlation between Vanguard Consumer and Vanguard Consumer Staples is 0.21 (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

Modest diversification

The correlation between Vanguard Consumer Discretionar and DJI is 0.28 (i.e., Modest 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

0.99	XLY	Consumer Discretionary	Pair Corr
1.0	FDIS	Fidelity MSCI Consumer	Pair Corr
0.74	IYC	iShares Consumer Dis	Pair Corr
0.62	FXD	First Trust Consumer	Pair Corr
0.69	XRT	SPDR SP Retail	Pair Corr
0.66	MSFT	Microsoft	Pair Corr

Moving against Vanguard Etf

0.55	XOM	Exxon Mobil Corp	Pair Corr
0.46	HPQ	HP Inc Earnings Call Today	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr
0.37	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	VDC	VIS	VOX	VAW	VFH
VDC		0.42	0.48	0.69	0.59	VDC
VIS	0.42		0.22	0.92	0.67	VIS
VOX	0.48	0.22		0.27	0.77	VOX
VAW	0.69	0.92	0.27		0.69	VAW
VFH	0.59	0.67	0.77	0.69		VFH
	VDC	VIS	VOX	VAW	VFH

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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
VDC	0.58	0.03	0.03	0.07	0.71	(0.57)	1.08	(1.32)	3.97
VIS	0.67	(0.14)	0.00	(0.21)	0.00	0.00	1.22	(1.70)	4.71
VOX	0.80	0.05	0.05	0.19	1.06	(0.79)	1.73	(1.66)	4.74
VAW	0.71	(0.13)	0.00	(0.18)	0.00	0.00	1.34	(1.32)	3.98
VFH	0.67	(0.04)	0.00	(0.05)	0.00	0.00	1.39	(1.61)	4.25

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