2023 EFT Correlations
| BSMC Etf | 32.03 0.10 0.31% |
The current 90-days correlation between 2023 EFT Series and Vanguard Small Cap Value is 0.93 (i.e., Almost no diversification). The correlation of 2023 EFT 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.
2023 EFT Correlation With Market
Very poor diversification
The correlation between 2023 EFT Series and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 2023 EFT Series and DJI in the same portfolio, assuming nothing else is changed.
2023 |
Moving together with 2023 Etf
| 0.92 | VBR | Vanguard Small Cap | PairCorr |
| 0.95 | IWN | iShares Russell 2000 | PairCorr |
| 0.93 | DFAT | Dimensional Targeted | PairCorr |
| 0.95 | IJS | iShares SP Small | PairCorr |
| 0.95 | SLYV | SPDR SP 600 | PairCorr |
| 0.92 | AVUV | Avantis Small Cap | PairCorr |
| 0.93 | DES | WisdomTree SmallCap | PairCorr |
| 0.91 | CALF | Pacer Small Cap Low Volatility | PairCorr |
| 0.95 | VIOV | Vanguard SP Small | PairCorr |
| 0.95 | VRTVX | Vanguard Scottsdale Funds | PairCorr |
| 0.81 | UPRO | ProShares UltraPro SP500 | PairCorr |
| 0.72 | QTJA | Innovator ETFs Trust | PairCorr |
| 0.77 | QTOC | Innovator ETFs Trust | PairCorr |
| 0.8 | XTOC | Innovator ETFs Trust | PairCorr |
| 0.75 | QTAP | Innovator Growth 100 | PairCorr |
| 0.72 | XTJA | Innovator ETFs Trust | PairCorr |
| 0.73 | XDJA | Innovator ETFs Trust | PairCorr |
| 0.79 | XTAP | Innovator Equity Acc | PairCorr |
| 0.83 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.68 | WMT | Walmart Aggressive Push | PairCorr |
| 0.61 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.68 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.71 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.72 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
Moving against 2023 Etf
| 0.63 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.59 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.52 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
2023 EFT Constituents Risk-Adjusted Indicators
There is a big difference between 2023 Etf performing well and 2023 EFT 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 2023 EFT'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VBR | 0.73 | (0.01) | 0.02 | 0.12 | 0.64 | 1.67 | 5.71 | |||
| IWN | 0.92 | (0.07) | (0.01) | 0.08 | 0.90 | 1.88 | 8.00 | |||
| DFAT | 0.90 | (0.05) | 0.01 | 0.09 | 0.84 | 1.83 | 7.97 | |||
| IJS | 0.93 | (0.04) | 0.02 | 0.10 | 0.84 | 1.96 | 7.90 | |||
| SLYV | 0.94 | (0.04) | 0.02 | 0.09 | 0.85 | 2.02 | 7.88 | |||
| AVUV | 0.97 | (0.04) | 0.03 | 0.09 | 0.79 | 2.15 | 8.70 | |||
| DES | 0.89 | (0.03) | 0.02 | 0.10 | 0.75 | 2.12 | 8.00 | |||
| CALF | 0.99 | (0.12) | (0.06) | 0.04 | 1.00 | 2.04 | 7.52 | |||
| VIOV | 0.93 | (0.04) | 0.02 | 0.09 | 0.86 | 1.90 | 7.84 | |||
| VRTVX | 0.92 | (0.07) | (0.01) | 0.08 | 0.89 | 1.93 | 8.09 |