Vanguard Health Correlations

Etfs . USA . 
Etf . Vanguard Health Care
VHT Etf  USD 272.04  1.76  0.65%   
The current 90-days correlation between Vanguard Health Care and Vanguard Consumer Staples is 0.52 (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

Very weak diversification

The correlation between Vanguard Health Care and DJI is 0.46 (i.e., Very weak 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

  1.0XLV Health Care SelectPairCorr
  0.81IBB iShares Biotechnology ETFPairCorr
  0.83IHI iShares Medical DevicesPairCorr
  0.99IXJ iShares Global HealthcarePairCorr
  1.0IYH iShares Healthcare ETFPairCorr
  1.0FHLC Fidelity MSCI HealthPairCorr
  0.73ARKG ARK Genomic Revolution Downward RallyPairCorr
  0.91IHF iShares HealthcarePairCorr
  0.65IVV iShares Core SPPairCorr
  0.9VTV Vanguard Value IndexPairCorr
  0.75VO Vanguard Mid CapPairCorr
  0.82VEA Vanguard FTSE DevelopedPairCorr
  0.65VZ Verizon Communications Aggressive PushPairCorr
  0.62XOM Exxon Mobil CorpPairCorr
  0.73CVX Chevron CorpPairCorr
  0.68BAC Bank of AmericaPairCorr
  0.8JNJ Johnson JohnsonPairCorr

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   
VPU
+ 0.77
VFH
VPU
+ 0.64
VDC
VFH
+ 0.59
VDC
VCR
+ 0.51
VGT
VGT
+ 0.2
VDC
VCR
+ 0.14
VFH
  
High negative correlations   
VPU
- 0.2
VCR
VCR
- 0.0
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.

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