ETF Series Correlations

CLOC Etf

25.13 0.01 0.04%

The current 90-days correlation between ETF Series Solutions and SPDR SSGA My2026 is 0.13 (i.e., Average diversification). The correlation of ETF Series 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.

ETF Series Correlation With Market

Very poor diversification

The correlation between ETF Series Solutions and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ETF Series Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ETF Etf

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

Moving together with ETF Etf

0.98	JAAA	Janus Detroit Street	Pair Corr
0.97	JBBB	Janus Detroit Street	Pair Corr
0.96	CLOI	VanEck ETF Trust	Pair Corr
0.86	BUFF	Innovator Laddered	Pair Corr
0.94	AIVI	WisdomTree International	Pair Corr
0.86	FB	ProShares Trust ProShares	Pair Corr
0.82	PCLN	2023 ETF	Pair Corr
0.85	DUSA	Davis Select Equity Low Volatility	Pair Corr
0.68	GENT	Spinnaker ETF Series	Pair Corr
0.78	LUX	Tema Global	Pair Corr
0.73	EMES	Harbor ETF Trust	Pair Corr
0.84	XAR	SPDR SP Aerospace	Pair Corr
0.86	BA	Boeing	Pair Corr
0.73	INTC	Intel Aggressive Push	Pair Corr
0.92	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.69	PFE	Pfizer Inc Earnings Call Today	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.87	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr

Moving against ETF Etf

0.85	ARMH	Precidian ETFs Trust	Pair Corr
0.92	HPQ	HP Inc Aggressive Push	Pair Corr
0.45	MMM	3M Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.01	-0.14	0.27	0.06	-0.43	0.16	0.07	0.17	0.26	META
MSFT	-0.01		0.72	-0.56	0.12	0.38	0.49	0.03	-0.76	-0.75	MSFT
UBER	-0.14	0.72		-0.49	0.25	0.53	0.11	-0.15	-0.76	-0.53	UBER
F	0.27	-0.56	-0.49		-0.44	-0.29	-0.03	0.37	0.69	0.66	F
T	0.06	0.12	0.25	-0.44		0.38	-0.32	-0.33	-0.32	-0.25	T
A	-0.43	0.38	0.53	-0.29	0.38		-0.02	-0.07	-0.36	-0.57	A
CRM	0.16	0.49	0.11	-0.03	-0.32	-0.02		0.66	-0.16	-0.54	CRM
JPM	0.07	0.03	-0.15	0.37	-0.33	-0.07	0.66		0.29	-0.12	JPM
MRK	0.17	-0.76	-0.76	0.69	-0.32	-0.36	-0.16	0.29		0.68	MRK
XOM	0.26	-0.75	-0.53	0.66	-0.25	-0.57	-0.54	-0.12	0.68		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.72	MSFT
MRK	+ 0.69	F
XOM	+ 0.68	MRK
XOM	+ 0.66	F
JPM	+ 0.66	CRM
A	+ 0.53	UBER

High negative correlations

MRK	- 0.76	UBER
MRK	- 0.76	MSFT
XOM	- 0.75	MSFT
XOM	- 0.57	A
F	- 0.56	MSFT
XOM	- 0.54	CRM

ETF Series Competition Risk-Adjusted Indicators

There is a big difference between ETF Etf performing well and ETF Series 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 ETF Series' 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
META	1.63	(0.12)	0.00	(0.07)	0.00	0.00	3.43	(2.72)	13.36
MSFT	1.22	(0.37)	0.00	(2.30)	0.00	0.00	1.78	(2.70)	13.28
UBER	1.46	(0.27)	0.00	(0.31)	0.00	0.00	2.46	(3.82)	10.23
F	1.23	0.05	0.04	0.09	1.22	(1.46)	3.38	(2.35)	7.16
T	0.96	0.04	0.01	0.21	1.04	(1.02)	1.85	(1.85)	3.77
A	1.20	(0.17)	0.00	(0.08)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.54	(0.31)	0.00	(0.26)	0.00	0.00	2.94	(4.26)	12.37
JPM	1.09	0.02	(0.02)	(0.11)	1.67	(1.09)	1.88	(3.11)	7.38
MRK	1.28	0.33	0.23	0.52	1.13	(1.56)	3.59	(1.98)	8.09
XOM	1.10	0.29	0.19	15.60	1.03	(1.26)	2.38	(2.11)	5.82

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