Vanguard Utilities Correlations

Mutual Funds . USA . 
Fund . Vanguard Utilities Index
VUIAX Fund  USD 89.77  0.02  0.02%   
The current 90-days correlation between Vanguard Utilities Index and Vanguard Sumer Staples is 0.48 (i.e., Very weak 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vanguard Mutual Fund

  0.69D Dominion EnergyPairCorr
  0.66NI NiSourcePairCorr
  0.69SO SouthernPairCorr
  0.77AEE Ameren CorpPairCorr
  0.62AGR AvangridPairCorr
  0.67ALE Allete IncPairCorr
  0.78ATO Atmos EnergyPairCorr
  0.66AWR American States WaterPairCorr
  0.66BEP Brookfield RenewablePairCorr
  0.84BIP Brookfield InfrastructurePairCorr
  0.62BKH Black HillsPairCorr
  0.81CEG Constellation Energy CorpPairCorr
  0.76CMS CMS EnergyPairCorr
  0.82CNP CenterPoint Energy Sell-off TrendPairCorr

Moving against Vanguard Mutual Fund

  0.5HE Hawaiian ElectricPairCorr
  0.42ELPC Companhia ParanaensePairCorr
  0.53EBR Centrais ElectricasPairCorr
  0.45ELP Companhia ParanaensePairCorr
  0.33CWT California Water ServicePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
VTCAX
+ 0.89
VFAIX
VENAX
+ 0.85
VFAIX
VTCAX
+ 0.82
VENAX
VHCIX
+ 0.28
VCSAX
VFAIX
+ 0.04
VCSAX
  
High negative correlations   
VHCIX
- 0.79
VFAIX
VHCIX
- 0.77
VTCAX
VHCIX
- 0.69
VENAX
VTCAX
- 0.18
VCSAX
VENAX
- 0.09
VCSAX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Utilities Mutual Fund 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY