VST (VST)
Daily ERM3 factor decomposition: how much of VST's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $157.08
- Market cap
- $53.1B
- 23-day vol
- 38.7%
- Sector proxy
- XLU
- Subsector proxy
- PBW
Risk DNA
Variance decomposition across market, sector, subsector, and stock-specific layers.
Market 0.0%Sector 0.0%Subsector 0.0%Stock-specific 100.0%
ETF hedge ratios
Dollars of ETF to short per $1 of VST held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLU) | Subsector (PBW) | Explained risk |
|---|---|---|---|---|
| L1 | — | — | — | — |
| L2 | — | — | — | — |
| L3 | — | — | — | — |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
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