Listed Funds Correlations

BCDF Etf

USD 27.38 0.25 0.90%

The current 90-days correlation between Listed Funds Trust and Schwab Strategic Trust is 0.64 (i.e., Poor diversification). The correlation of Listed Funds 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.

Listed Funds Correlation With Market

Weak diversification

The correlation between Listed Funds Trust and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Listed Funds Trust 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 Listed Funds Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Listed Etf

0.63	BLOK	Amplify Transformational	Pair Corr
0.82	BLCN	Siren Nasdaq NexGen	Pair Corr
0.82	BITQ	Bitwise Crypto Industry	Pair Corr
0.78	DAPP	VanEck Digital Trans	Pair Corr
0.79	CRPT	First Trust SkyBridge	Pair Corr
0.61	HD	Home Depot	Pair Corr

Related Correlations Analysis

	STCE	IBLC	CKNHF	BLKC	DIEM
STCE		0.96	0.06	0.74	0.09	STCE
IBLC	0.96		0.15	0.6	0.03	IBLC
CKNHF	0.06	0.15		-0.04	0.07	CKNHF
BLKC	0.74	0.6	-0.04		0.21	BLKC
DIEM	0.09	0.03	0.07	0.21		DIEM
	STCE	IBLC	CKNHF	BLKC	DIEM

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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

IBLC	+ 0.96	STCE
BLKC	+ 0.74	STCE
BLKC	+ 0.6	IBLC
DIEM	+ 0.21	BLKC
CKNHF	+ 0.15	IBLC
DIEM	+ 0.09	STCE

High negative correlations

BLKC

- 0.04

CKNHF

Listed Funds Constituents Risk-Adjusted Indicators

There is a big difference between Listed Etf performing well and Listed Funds 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 Listed Funds' 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STCE	2.93	(0.43)	0.00	1.38	0.00	0.00	5.85	(8.10)	21.58
IBLC	2.86	(0.53)	0.00	1.07	0.00	0.00	5.76	(9.54)	21.31
CKNHF	0.92	0.25	0.11	0.34	0.69	(2.10)	2.18	(2.40)	7.98
BLKC	1.78	(0.12)	0.00	0.34	0.00	0.00	3.91	(5.98)	13.07
DIEM	0.56	0.04	0.05	(0.58)	0.74	(0.60)	1.34	(1.67)	4.44

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