Capital Group Correlations

CGMM Etf

29.54 0.05 0.17%

The current 90-days correlation between Capital Group Equity and Rockefeller Small Mid Cap is 0.87 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Capital Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Group Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Capital Group Correlation With Market

Very poor diversification

The correlation between Capital Group Equity and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Equity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Capital Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capital Group Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Capital Etf

0.84	VO	Vanguard Mid Cap	Pair Corr
0.88	VXF	Vanguard Extended Market	Pair Corr
0.98	IJH	iShares Core SP	Pair Corr
0.94	IWR	iShares Russell Mid	Pair Corr
0.98	MDY	SPDR SP MIDCAP	Pair Corr
0.93	FV	First Trust Dorsey	Pair Corr
0.98	IVOO	Vanguard SP Mid	Pair Corr
0.97	JHMM	John Hancock Multifactor	Pair Corr
0.96	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.89	XMMO	Invesco SP MidCap	Pair Corr
0.75	TOT	Advisor Managed Port	Pair Corr
0.73	DUKH	Ocean Park High	Pair Corr
0.65	PLTM	GraniteShares Platinum	Pair Corr
0.68	VOO	Vanguard SP 500	Pair Corr
0.61	HEZU	iShares Currency Hedged	Pair Corr
0.61	DVXB	WEBs Defined Volatility	Pair Corr
0.65	GBUG	Sprott Active Gold	Pair Corr
0.76	FTBI	First Trust Exchange	Pair Corr
0.9	SCZ	iShares MSCI EAFE	Pair Corr
0.78	QULL	ETRACS 2x Leveraged	Pair Corr

Moving against Capital Etf

0.88	VXX	iPath Series B Sell-off Trend	Pair Corr
0.52	NFLX	Netflix	Pair Corr

Related Correlations Analysis

	RSMC	PCEF	FLGB	VTWV	CGCV	JKI	VIOG	EZM	GSID	OUSA
RSMC		0.49	0.02	0.4	0.43	0.05	0.65	0.38	0.23	0.19	RSMC
PCEF	0.49		0.6	0.63	0.72	0.49	0.69	0.62	0.67	0.55	PCEF
FLGB	0.02	0.6		0.74	0.75	0.72	0.61	0.71	0.92	0.78	FLGB
VTWV	0.4	0.63	0.74		0.84	0.7	0.94	0.94	0.82	0.9	VTWV
CGCV	0.43	0.72	0.75	0.84		0.6	0.83	0.82	0.84	0.84	CGCV
JKI	0.05	0.49	0.72	0.7	0.6		0.57	0.71	0.74	0.77	JKI
VIOG	0.65	0.69	0.61	0.94	0.83	0.57		0.92	0.75	0.8	VIOG
EZM	0.38	0.62	0.71	0.94	0.82	0.71	0.92		0.77	0.94	EZM
GSID	0.23	0.67	0.92	0.82	0.84	0.74	0.75	0.77		0.8	GSID
OUSA	0.19	0.55	0.78	0.9	0.84	0.77	0.8	0.94	0.8		OUSA
	RSMC	PCEF	FLGB	VTWV	CGCV	JKI	VIOG	EZM	GSID	OUSA

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Capital Group Constituents Risk-Adjusted Indicators

There is a big difference between Capital Etf performing well and Capital Group 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 Capital Group'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
RSMC	0.79	(0.11)	0.00	(0.04)	0.00	0.00	1.46	(1.79)	5.51
PCEF	0.41	(0.04)	(0.11)	(0.01)	0.55	(0.40)	0.82	(0.86)	2.13
FLGB	0.58	0.06	0.06	0.15	0.47	(0.66)	1.24	(0.88)	2.53
VTWV	0.87	(0.01)	0.01	0.05	1.01	(1.00)	2.02	(1.90)	4.51
CGCV	0.49	(0.02)	(0.04)	0.04	0.63	(0.50)	0.82	(1.01)	2.56
JKI	0.57	0.04	(0.02)	(0.52)	0.76	(0.54)	1.10	(1.11)	3.37
VIOG	0.82	(0.05)	(0.03)	0.02	1.01	(0.85)	1.77	(1.58)	4.16
EZM	0.72	(0.02)	(0.02)	0.04	0.88	(0.74)	1.64	(1.38)	4.16
GSID	0.58	0.01	0.00	0.07	0.73	(0.55)	1.13	(1.11)	2.92
OUSA	0.46	0.00	(0.03)	0.06	0.48	(0.47)	1.00	(0.75)	2.53

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