Capital Group Correlations

CGSD Etf

USD 26.07 0.02 0.08%

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.

Capital Group Correlation With Market

Very poor diversification

The correlation between Capital Group Short and DJI is 0.87 (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 Short 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 Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Capital Etf

0.95	BSV	Vanguard Short Term Sell-off Trend	Pair Corr
0.99	IGSB	iShares 1 5 Sell-off Trend	Pair Corr
0.99	SPSB	SPDR Barclays Short Sell-off Trend	Pair Corr
0.98	ISTB	iShares Core 1	Pair Corr
0.99	SLQD	iShares 0 5	Pair Corr
0.89	GVI	iShares Intermediate	Pair Corr
0.98	LDUR	PIMCO Enhanced Low	Pair Corr
0.97	SUSB	iShares ESG 1	Pair Corr
0.88	SIXD	AIM ETF Products	Pair Corr
0.95	AHYB	American Century ETF	Pair Corr
0.97	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.78	VBK	Vanguard Small Cap	Pair Corr
0.81	RDIV	Invesco SP Ultra	Pair Corr
0.9	OASC	OneAscent Small Cap	Pair Corr
0.83	CAT	Caterpillar	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.64	MCD	McDonalds Earnings Call Today	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.76	CVX	Chevron Corp	Pair Corr
0.88	BA	Boeing	Pair Corr
0.93	MRK	Merck Company	Pair Corr
0.89	WMT	Walmart Common Stock	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr

Moving against Capital Etf

0.86	VXX	iPath Series B	Pair Corr
0.86	VIXY	ProShares VIX Short	Pair Corr
0.83	VIXM	ProShares VIX Mid	Pair Corr
0.83	VXZ	iPath Series B	Pair Corr
0.46	YCL	ProShares Ultra Yen	Pair Corr
0.46	PLTI	REX ETF Trust	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.79	MSFT	Microsoft	Pair Corr
0.32	IBM	International Business	Pair Corr

Related Correlations Analysis

	KBE	HYLS	JPEF	SPUS	DGS	AOM	PPLT	PXH	FDVIX	IAI
KBE		0.79	0.67	0.53	0.78	0.88	0.75	0.73	0.89	0.69	KBE
HYLS	0.79		0.68	0.66	0.63	0.83	0.89	0.62	0.84	0.89	HYLS
JPEF	0.67	0.68		0.94	0.58	0.8	0.54	0.57	0.56	0.66	JPEF
SPUS	0.53	0.66	0.94		0.5	0.73	0.55	0.52	0.49	0.71	SPUS
DGS	0.78	0.63	0.58	0.5		0.91	0.75	0.99	0.81	0.54	DGS
AOM	0.88	0.83	0.8	0.73	0.91		0.84	0.9	0.89	0.76	AOM
PPLT	0.75	0.89	0.54	0.55	0.75	0.84		0.75	0.89	0.84	PPLT
PXH	0.73	0.62	0.57	0.52	0.99	0.9	0.75		0.78	0.57	PXH
FDVIX	0.89	0.84	0.56	0.49	0.81	0.89	0.89	0.78		0.78	FDVIX
IAI	0.69	0.89	0.66	0.71	0.54	0.76	0.84	0.57	0.78		IAI
	KBE	HYLS	JPEF	SPUS	DGS	AOM	PPLT	PXH	FDVIX	IAI

Please upgrade your account to get full access to Macroaxis premium features

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
KBE	0.95	0.16	0.14	0.23	0.89	(1.11)	2.74	(1.41)	7.08
HYLS	0.13	0.00	(0.51)	0.04	0.08	(0.14)	0.29	(0.22)	0.61
JPEF	0.53	(0.03)	(0.08)	0.03	0.72	(0.51)	1.02	(1.21)	3.90
SPUS	0.66	(0.05)	(0.06)	0.02	1.03	(0.57)	1.27	(1.64)	4.29
DGS	0.53	0.12	0.13	0.34	0.35	(0.62)	1.09	(0.92)	2.81
AOM	0.26	0.01	(0.10)	0.12	0.24	(0.27)	0.62	(0.47)	1.71
PPLT	3.11	0.40	0.08	0.32	4.74	(3.15)	7.07	(6.13)	26.92
PXH	0.58	0.10	0.08	0.28	0.53	(0.65)	1.59	(0.94)	4.85
FDVIX	0.85	0.31	0.32	0.58	0.31	(1.02)	1.55	(1.33)	14.22
IAI	0.99	(0.09)	(0.05)	0.01	1.44	(0.90)	1.58	(2.41)	6.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC