Global X Correlations

Etfs . USA . 
Etf . Global X Adaptive
AUSF Etf  USD 45.09  0.21  0.47%   
The current 90-days correlation between Global X Adaptive and Global X Conscious is 0.76 (i.e., Poor diversification). The correlation of Global X is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Global X Correlation With Market

Very poor diversification

The correlation between Global X Adaptive and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Adaptive and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Adaptive. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Global Etf

  0.96VOE Vanguard Mid CapPairCorr
  0.68SDY SPDR SP DividendPairCorr
  0.98IWS iShares Russell MidPairCorr
  0.94COWZ Pacer Cash CowsPairCorr
  0.99IJJ iShares SP MidPairCorr
  0.98DON WisdomTree MidCapPairCorr
  0.99MDYV SPDR SP 400PairCorr
  0.94PEY Invesco High YieldPairCorr
  0.96ONEY SPDR Russell 1000PairCorr
  0.99IVOV Vanguard SP MidPairCorr
  0.96VTI Vanguard Total StockPairCorr
  0.94SPY SPDR SP 500 Aggressive PushPairCorr
  0.94IVV iShares Core SPPairCorr
  0.95VTV Vanguard Value Index Sell-off TrendPairCorr
  0.92VUG Vanguard Growth IndexPairCorr
  0.97VO Vanguard Mid CapPairCorr
  0.97VB Vanguard Small CapPairCorr
  0.89AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.82DIS Walt Disney Aggressive PushPairCorr
  0.87JPM JPMorgan Chase Sell-off TrendPairCorr
  0.81TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.83INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.73HD Home Depot Sell-off TrendPairCorr
  0.7T ATT Inc Aggressive PushPairCorr
  0.92BAC Bank of America Aggressive PushPairCorr
  0.88HPQ HP IncPairCorr
  0.63XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.88CVX Chevron Corp Sell-off TrendPairCorr
  0.86WMT Walmart Aggressive PushPairCorr
  0.93CSCO Cisco Systems Aggressive PushPairCorr
  0.77CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Moving against Global Etf

  0.73BND Vanguard Total BondPairCorr
  0.56VEA Vanguard FTSE DevelopedPairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75KO Coca Cola Sell-off TrendPairCorr
  0.68PFE Pfizer Inc Aggressive PushPairCorr
  0.61BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CATH
+ 0.98
KRMA
QDIV
+ 0.89
KRMA
QDIV
+ 0.88
CATH
CHIU
+ 0.15
BFIT
  
High negative correlations   
CHIU
- 0.63
CATH
CHIU
- 0.58
KRMA
CHIU
- 0.44
QDIV
QDIV
- 0.29
BFIT
BFIT
- 0.23
KRMA
BFIT
- 0.2
CATH

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Global X's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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