Capital Group Correlations

CGMS Etf

USD 27.69 0.02 0.07%

The current 90-days correlation between Capital Group Multi and Touchstone Strategic Income is 0.35 (i.e., Weak diversification). The correlation of Capital Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Capital Group Correlation With Market

Almost no diversification

The correlation between Capital Group Multi Sector and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Multi Sector 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 Multi Sector. 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 Capital Etf

0.74	AXSIX	Axonic Strategic Income	Pair Corr
0.77	AXSAX	Axonic Strategic Income	Pair Corr
0.87	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.84	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.9	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.89	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.96	JPIE	JP Morgan Exchange	Pair Corr
0.97	AFIF	Anfield Universal Fixed	Pair Corr
0.98	MUSI	American Century Mul	Pair Corr
0.92	SIO	Touchstone Strategic	Pair Corr
0.87	VTI	Vanguard Total Stock	Pair Corr
0.85	SPY	SPDR SP 500	Pair Corr
0.85	IVV	iShares Core SP	Pair Corr
0.76	BND	Vanguard Total Bond	Pair Corr
0.86	TOT	Advisor Managed Port	Pair Corr
0.92	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.9	VO	Vanguard Mid Cap	Pair Corr
0.64	PFE	Pfizer Inc	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.88	BA	Boeing	Pair Corr
0.87	DD	Dupont De Nemours	Pair Corr
0.75	INTC	Intel	Pair Corr
0.74	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.91	MRK	Merck Company Aggressive Push	Pair Corr
0.87	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against Capital Etf

0.43	IRE	Tidal Trust II Upward Rally	Pair Corr
0.67	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	AXSIX	AXSAX	SMCRX	SMCVX	SMCAX	SMCCX	JPIE	MUSI	SIO
AXSIX		0.96	0.76	0.73	0.8	0.77	0.71	0.78	0.7	AXSIX
AXSAX	0.96		0.75	0.73	0.8	0.77	0.73	0.81	0.73	AXSAX
SMCRX	0.76	0.75		0.99	0.92	0.9	0.82	0.89	0.85	SMCRX
SMCVX	0.73	0.73	0.99		0.9	0.9	0.79	0.87	0.82	SMCVX
SMCAX	0.8	0.8	0.92	0.9		0.98	0.8	0.91	0.81	SMCAX
SMCCX	0.77	0.77	0.9	0.9	0.98		0.79	0.91	0.79	SMCCX
JPIE	0.71	0.73	0.82	0.79	0.8	0.79		0.95	0.93	JPIE
MUSI	0.78	0.81	0.89	0.87	0.91	0.91	0.95		0.94	MUSI
SIO	0.7	0.73	0.85	0.82	0.81	0.79	0.93	0.94		SIO
	AXSIX	AXSAX	SMCRX	SMCVX	SMCAX	SMCCX	JPIE	MUSI	SIO

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
AXSIX	0.06	0.00	(0.64)	(0.08)	0.00	(0.15)	0.11	(0.11)	0.56
AXSAX	0.07	0.00	(0.64)	(0.20)	0.00	(0.14)	0.11	(0.11)	0.57
SMCRX	0.09	0.00	(0.55)	0.09	0.00	(0.13)	0.22	(0.11)	0.55
SMCVX	0.09	0.00	(0.54)	0.10	0.00	(0.13)	0.22	(0.11)	0.55
SMCAX	0.09	0.00	(0.53)	0.14	0.00	(0.14)	0.22	(0.22)	0.55
SMCCX	0.10	0.00	(0.48)	0.09	0.00	(0.15)	0.22	(0.22)	0.55
JPIE	0.05	0.02	(0.97)	0.93	0.00	(0.06)	0.13	(0.09)	0.28
MUSI	0.11	0.01	(0.52)	0.27	0.00	(0.13)	0.25	(0.20)	0.55
SIO	0.17	0.01	(0.25)	0.18	0.16	(0.20)	0.35	(0.31)	1.96

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