Vanguard Energy Correlations

VDE Etf

USD 133.67 0.01 0.01%

The current 90-days correlation between Vanguard Energy Index and Vanguard Utilities Index is 0.09 (i.e., Significant diversification). The correlation of Vanguard Energy 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.

Vanguard Energy Correlation With Market

Very weak diversification

The correlation between Vanguard Energy Index and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Energy 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 Energy 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 unemployment.

Moving together with Vanguard Etf

1.0	XLE	Energy Select Sector Sell-off Trend	Pair Corr
0.97	XOP	SPDR SP Oil	Pair Corr
0.8	OIH	VanEck Oil Services	Pair Corr
1.0	IYE	iShares Energy ETF	Pair Corr
0.91	IXC	iShares Global Energy	Pair Corr
0.94	FXN	First Trust Energy	Pair Corr
1.0	FENY	Fidelity MSCI Energy	Pair Corr
0.98	FTXN	First Trust Nasdaq	Pair Corr
0.95	IEO	iShares Oil Gas	Pair Corr
0.71	NVDL	GraniteShares 15x Long	Pair Corr
0.71	NVDX	T Rex 2X	Pair Corr
0.72	NVDU	Direxion Daily NVDA	Pair Corr
0.8	BITX	Volatility Shares Trust Upward Rally	Pair Corr
0.78	CONL	GraniteShares ETF Trust Upward Rally	Pair Corr
0.81	CRPT	First Trust SkyBridge	Pair Corr
0.64	USD	ProShares Ultra Semi	Pair Corr
0.79	DAPP	VanEck Digital Trans	Pair Corr
0.79	DPST	Direxion Daily Regional	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.67	HD	Home Depot Sell-off Trend	Pair Corr
0.85	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against Vanguard Etf

0.75	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.72	KO	Coca Cola Sell-off Trend	Pair Corr
0.56	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	VFH	VHT	VPU	VAW	VDC
VFH		-0.82	0.49	0.43	-0.07	VFH
VHT	-0.82		-0.42	-0.22	0.33	VHT
VPU	0.49	-0.42		0.75	0.17	VPU
VAW	0.43	-0.22	0.75		-0.03	VAW
VDC	-0.07	0.33	0.17	-0.03		VDC
	VFH	VHT	VPU	VAW	VDC

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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

VAW	+ 0.75	VPU
VPU	+ 0.49	VFH
VAW	+ 0.43	VFH
VDC	+ 0.33	VHT
VDC	+ 0.17	VPU

High negative correlations

VHT	- 0.82	VFH
VPU	- 0.42	VHT
VAW	- 0.22	VHT
VDC	- 0.07	VFH
VDC	- 0.03	VAW

Vanguard Energy Constituents Risk-Adjusted Indicators

There is a big difference between Vanguard Etf performing well and Vanguard Energy 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 Energy'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
VFH	0.78	0.25	0.14	(2.21)	0.54	(0.92)	1.72	(1.18)	8.49
VHT	0.57	(0.16)	0.00	(0.14)	0.00	0.00	0.89	(1.27)	3.07
VPU	0.77	0.11	0.02	0.62	0.77	(0.88)	1.70	(1.40)	4.65
VAW	0.71	(0.05)	(0.08)	0.06	0.78	(0.77)	1.37	(1.18)	3.75
VDC	0.47	0.01	(0.16)	0.21	0.50	(0.50)	0.83	(0.91)	2.09

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