Which digital currencies have the highest correlation with Vanguard IT ETF?

3 answers

• Dec 30, 2021 · 3 years ago
  When it comes to digital currencies that have a high correlation with Vanguard IT ETF, Bitcoin and Ethereum are two of the most notable ones. These cryptocurrencies have shown a tendency to move in the same direction as the Vanguard IT ETF due to various factors. For example, both Bitcoin and Ethereum are considered as leading cryptocurrencies and are often seen as a store of value. Additionally, the technology behind these cryptocurrencies, such as blockchain, is also closely related to the IT sector, which further contributes to the correlation.
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• Dec 30, 2021 · 3 years ago
  If you're looking for digital currencies that have a strong correlation with Vanguard IT ETF, you should definitely keep an eye on Ripple and Litecoin. These cryptocurrencies have shown a significant correlation with the Vanguard IT ETF in the past. Ripple, in particular, has established partnerships with several major financial institutions, which has led to increased interest and investment in both Ripple and the IT sector. Litecoin, on the other hand, has gained popularity as a faster and cheaper alternative to Bitcoin, attracting investors who are also interested in the IT sector.
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• Dec 30, 2021 · 3 years ago
  Based on my experience at BYDFi, I can tell you that digital currencies like Bitcoin, Ethereum, and Ripple have historically exhibited a strong correlation with Vanguard IT ETF. This correlation can be attributed to the fact that these cryptocurrencies are widely recognized and have a large market capitalization. Additionally, the IT sector heavily relies on blockchain technology, which is the foundation of these cryptocurrencies. Therefore, it's not surprising to see a high correlation between Vanguard IT ETF and these digital currencies.
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