Vanguard Industrials Correlations

Etfs . USA . 
Etf . Vanguard Industrials Index
VIS Etf  USD 278.06  1.07  0.38%   
The current 90-days correlation between Vanguard Industrials and Vanguard Materials Index is 0.82 (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

Almost no diversification

The correlation between Vanguard Industrials Index and DJI is 0.9 (i.e., Almost no 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
  0.79DRVN Driven Brands HoldingsPairCorr
  0.89ITA iShares Aerospace DefensePairCorr
  0.91JETS US Global JetsPairCorr
  0.99FXR First Trust IndustriPairCorr
  0.97PPA Invesco Aerospace DefensePairCorr
  1.0IYJ iShares Industrials ETF Low VolatilityPairCorr
  0.95IYT iShares Transportation Low VolatilityPairCorr
  1.0FIDU Fidelity MSCI IndustrialsPairCorr
  0.98UPRO ProShares UltraPro SP500PairCorr
  0.95QTJA Innovator ETFs TrustPairCorr
  0.87QTOC Innovator ETFs TrustPairCorr
  0.88XTOC Innovator ETFs TrustPairCorr
  0.96QTAP Innovator Growth 100PairCorr
  0.87TSJA TSJAPairCorr
  0.95XTJA Innovator ETFs TrustPairCorr
  0.87DSJA DSJAPairCorr
  0.95XDJA Innovator ETFs TrustPairCorr
  0.97XTAP Innovator Equity AccPairCorr
  0.85HD Home Depot Sell-off TrendPairCorr
  0.77TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.88HPQ HP IncPairCorr
  0.95CSCO Cisco Systems Aggressive PushPairCorr
  0.86BAC Bank of America Aggressive PushPairCorr
  0.8DIS Walt Disney Aggressive PushPairCorr
  0.86WMT Walmart Aggressive PushPairCorr

Moving against Vanguard Etf

  0.8MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.79JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.74KO Coca Cola Sell-off TrendPairCorr
  0.71BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.63PFE Pfizer Inc Aggressive PushPairCorr

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
+ 0.87
VOX
VOX
+ 0.68
VAW
VCR
+ 0.55
VAW
VFH
+ 0.43
VAW
  
High negative correlations   
VDC
- 0.26
VOX
VFH
- 0.07
VDC
VDC
- 0.03
VAW
VDC
- 0.01
VCR

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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