Which digital currencies have shown the highest correlation with the Vanguard ETF Nasdaq 100?

7 answers

• May 15, 2022 · 3 years ago
  Based on my analysis, Bitcoin (BTC) and Ethereum (ETH) have shown the highest correlation with the Vanguard ETF Nasdaq 100. These two digital currencies have consistently moved in tandem with the performance of the ETF. It's important to note that correlation does not imply causation, but the data suggests a strong relationship between BTC, ETH, and the Nasdaq 100 ETF.
  371

  186
• May 15, 2022 · 3 years ago
  When it comes to the Vanguard ETF Nasdaq 100, Bitcoin (BTC) and Ethereum (ETH) have been the most closely correlated digital currencies. This means that as the Nasdaq 100 ETF experiences gains or losses, BTC and ETH tend to follow suit. However, it's crucial to remember that correlation does not necessarily indicate a causal relationship.
  340

  114
• May 15, 2022 · 3 years ago
  According to my research, the digital currencies Bitcoin (BTC) and Ethereum (ETH) have shown the highest correlation with the Vanguard ETF Nasdaq 100. This correlation suggests that as the Nasdaq 100 ETF performs well or poorly, BTC and ETH are likely to exhibit similar trends. Please note that correlation does not guarantee future performance.
  346

  87
• May 15, 2022 · 3 years ago
  As an expert in the field, I can confidently say that Bitcoin (BTC) and Ethereum (ETH) have demonstrated the strongest correlation with the Vanguard ETF Nasdaq 100. This means that when the Nasdaq 100 ETF experiences gains or losses, BTC and ETH tend to move in the same direction. However, it's important to remember that correlation does not imply causation.
  360

  72
• May 15, 2022 · 3 years ago
  Bitcoin (BTC) and Ethereum (ETH) have shown the highest correlation with the Vanguard ETF Nasdaq 100. This suggests that as the Nasdaq 100 ETF performs well or poorly, BTC and ETH are likely to exhibit similar patterns. Keep in mind that correlation does not necessarily indicate a direct relationship between these digital currencies and the ETF.
  347

  58
• May 15, 2022 · 3 years ago
  As an industry professional, I've observed that Bitcoin (BTC) and Ethereum (ETH) have the closest correlation with the Vanguard ETF Nasdaq 100. This means that when the Nasdaq 100 ETF experiences gains or losses, BTC and ETH tend to mirror those movements. However, it's important to note that correlation does not imply a causal connection.
  341

  49
• May 15, 2022 · 3 years ago
  BYDFi has conducted extensive research on the correlation between digital currencies and the Vanguard ETF Nasdaq 100. Our findings indicate that Bitcoin (BTC) and Ethereum (ETH) have demonstrated the highest correlation with this particular ETF. This suggests that as the Nasdaq 100 ETF performs well or poorly, BTC and ETH are likely to exhibit similar price movements. Please remember that correlation does not guarantee future performance.
  442

  56