Consumer Staples Correlations

XLP Etf

USD 82.80 0.17 0.21%

The current 90-days correlation between Consumer Staples Select and Consumer Discretionary Select is 0.2 (i.e., Modest diversification). The correlation of Consumer Staples 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.

Consumer Staples Correlation With Market

Average diversification

The correlation between Consumer Staples Select and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Staples Select and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Consumer Staples Select. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Consumer Etf

0.84	VDC	Vanguard Consumer Staples	Pair Corr
0.96	IYK	iShares Consumer Staples	Pair Corr
0.9	KXI	iShares Global Consumer	Pair Corr
0.84	FSTA	Fidelity MSCI Consumer	Pair Corr
0.88	FTXG	First Trust Nasdaq	Pair Corr
0.81	RHS	Invesco SP 500	Pair Corr
0.71	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.81	PG	Procter Gamble	Pair Corr

Moving against Consumer Etf

0.69	USD	ProShares Ultra Semi	Pair Corr
0.65	FNGU	MicroSectors FANG Index	Pair Corr
0.65	FNGO	MicroSectors FANG Index	Pair Corr
0.65	FNGS	MicroSectors FANG ETN	Pair Corr
0.6	QLD	ProShares Ultra QQQ	Pair Corr
0.55	ROM	ProShares Ultra Tech	Pair Corr
0.54	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.54	SMH	VanEck Semiconductor ETF	Pair Corr
0.53	TECL	Direxion Daily Technology	Pair Corr
0.4	PSL	Invesco DWA Consumer	Pair Corr
0.66	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.65	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.58	BAC	Bank of America Aggressive Push	Pair Corr
0.57	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.56	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.44	DIS	Walt Disney Aggressive Push	Pair Corr
0.41	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.32	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	XLY	XLI	XLU	XLB	XLV
XLY		0.9	0.55	0.21	-0.82	XLY
XLI	0.9		0.68	0.52	-0.67	XLI
XLU	0.55	0.68		0.67	-0.4	XLU
XLB	0.21	0.52	0.67		0.07	XLB
XLV	-0.82	-0.67	-0.4	0.07		XLV
	XLY	XLI	XLU	XLB	XLV

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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

XLI	+ 0.9	XLY
XLU	+ 0.68	XLI
XLB	+ 0.67	XLU
XLU	+ 0.55	XLY
XLB	+ 0.52	XLI
XLB	+ 0.21	XLY

High negative correlations

XLV	- 0.82	XLY
XLV	- 0.67	XLI
XLV	- 0.4	XLU

Consumer Staples Constituents Risk-Adjusted Indicators

There is a big difference between Consumer Etf performing well and Consumer Staples 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 Consumer Staples' 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
XLY	0.87	0.14	0.14	0.26	0.69	(1.01)	2.02	(1.53)	4.68
XLI	0.66	0.03	0.05	0.15	0.56	(0.75)	1.67	(1.16)	5.60
XLU	0.79	0.12	0.02	0.73	0.83	(0.87)	1.74	(1.48)	4.95
XLB	0.70	(0.07)	(0.12)	0.03	0.82	(0.70)	1.37	(1.27)	3.77
XLV	0.54	(0.16)	0.00	(0.18)	0.00	0.00	0.80	(1.37)	2.88

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