Which cryptocurrencies are most closely correlated with the performance of S&P Vanguard?

3 answers

• Dec 18, 2021 · 3 years ago
  When it comes to cryptocurrencies that are closely correlated with the performance of S&P Vanguard, Bitcoin and Ethereum are the top contenders. These two digital currencies have shown a strong positive correlation with the S&P Vanguard index over time. This means that when the S&P Vanguard index goes up, Bitcoin and Ethereum tend to follow suit, and vice versa. It's important to note that correlation does not imply causation, but it can provide insights into potential trends and patterns in the market.
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• Dec 18, 2021 · 3 years ago
  If you're looking for cryptocurrencies that closely track the performance of S&P Vanguard, you can also consider Ripple and Litecoin. These digital currencies have shown a moderate positive correlation with the S&P Vanguard index. However, it's worth mentioning that correlation can change over time, so it's essential to regularly monitor the relationship between these cryptocurrencies and the S&P Vanguard index.
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• Dec 18, 2021 · 3 years ago
  According to a study conducted by BYDFi, the most closely correlated cryptocurrencies with the performance of S&P Vanguard are Bitcoin, Ethereum, and Ripple. These three digital currencies have consistently shown a strong positive correlation with the S&P Vanguard index. It's important to keep in mind that correlation does not guarantee future performance, but it can provide valuable insights for investors who are interested in diversifying their portfolios.
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