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Which cryptocurrencies have a correlation with Vanguard S&P 500 ETF (VOO)? 📊

avatarImran WattooNov 27, 2021 · 3 years ago3 answers

I would like to know which cryptocurrencies have a correlation with Vanguard S&P 500 ETF (VOO). Can you provide me with a list of cryptocurrencies that are closely correlated with VOO? I am interested in understanding the relationship between these cryptocurrencies and the performance of VOO.

Which cryptocurrencies have a correlation with Vanguard S&P 500 ETF (VOO)? 📊
Cryptocurrencies
Vanguard S&P 500 ETF
VOO

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Cryptocurrencies that have a correlation with Vanguard S&P 500 ETF (VOO) include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies tend to move in a similar direction as VOO, meaning that when VOO performs well, these cryptocurrencies also tend to perform well. It's important to note that correlation does not imply causation, and the relationship between VOO and these cryptocurrencies may change over time. However, if you're looking for cryptocurrencies that have shown a historical correlation with VOO, these are some of the top options to consider.
  • avatarNov 27, 2021 · 3 years ago
    When it comes to cryptocurrencies that have a correlation with Vanguard S&P 500 ETF (VOO), Bitcoin (BTC) is often mentioned as one of the most closely correlated. Ethereum (ETH) and Litecoin (LTC) are also known to have a correlation with VOO. It's worth noting that correlation does not necessarily mean that these cryptocurrencies will always move in the same direction as VOO, but historically, they have shown some level of correlation. If you're interested in diversifying your investment portfolio and want to explore the relationship between VOO and cryptocurrencies, these are some options to consider.
  • avatarNov 27, 2021 · 3 years ago
    Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have been observed to have a correlation with Vanguard S&P 500 ETF (VOO). This means that when VOO experiences gains or losses, these cryptocurrencies tend to follow a similar pattern. However, it's important to remember that correlation does not guarantee future performance, and the relationship between VOO and these cryptocurrencies can change over time. If you're considering investing in cryptocurrencies and want to explore their correlation with VOO, it's recommended to conduct thorough research and consult with a financial advisor to make informed investment decisions.

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