Global X Correlations

CTEC Etf

USD 61.34 1.68 2.82%

The current 90-days correlation between Global X CleanTech and Sprott Lithium Miners is 0.5 (i.e., Very weak diversification). The correlation of Global X 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.

Global X Correlation With Market

Poor diversification

The correlation between Global X CleanTech and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X CleanTech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

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

Moving together with Global Etf

0.9	INFL	Horizon Kinetics Inf	Pair Corr
0.93	PBD	Invesco Global Clean	Pair Corr
0.72	VRAI	Virtus Real Asset	Pair Corr
0.8	FORH	Formidable ETF	Pair Corr
0.87	SAGP	Advisorsa Inner	Pair Corr
0.88	CBSE	Elevation Series Trust	Pair Corr
0.86	ITWO	Proshares Russell 2000	Pair Corr
0.81	ELON	Battleshares TSLA	Pair Corr
0.81	CPST	Calamos ETF Trust	Pair Corr
0.84	IJS	iShares SP Small	Pair Corr
0.75	RHRX	Starboard Investment	Pair Corr
0.86	ITDD	iShares Trust	Pair Corr
0.76	DXJ	WisdomTree Japan Hedged	Pair Corr
0.84	FIDU	Fidelity MSCI Industrials	Pair Corr
0.79	QTAP	Innovator Growth 100	Pair Corr
0.9	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.66	BDEC	Innovator SP 500	Pair Corr
0.92	EPU	iShares MSCI Peru	Pair Corr
0.81	AVUV	Avantis Small Cap	Pair Corr
0.87	AUMI	Themes Gold Miners	Pair Corr
0.81	DES	WisdomTree SmallCap	Pair Corr
0.88	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.75	BIB	ProShares Ultra Nasdaq	Pair Corr
0.85	IOCT	Innovator ETFs Trust	Pair Corr
0.62	LGCF	Themes Cash Flow	Pair Corr
0.89	EAFG	Pacer Funds Trust	Pair Corr
0.89	HEEM	iShares Currency Hedged Low Volatility	Pair Corr
0.61	JETS	US Global Jets	Pair Corr
0.81	VYMI	Vanguard International	Pair Corr
0.77	SCDV	ETF Series Solutions	Pair Corr
0.83	HCMAX	THE HILLMAN FUND	Pair Corr
0.9	UEVM	VictoryShares Emerging	Pair Corr

Moving against Global Etf

0.66	MPAY	Exchange Traded Concepts	Pair Corr
0.31	TMAT	Main Thematic Innovation	Pair Corr

Related Correlations Analysis

	ITDG	BTR	JMID	RNRG	LFEQ	CDEI	HFGM	FLOW	MART	LITP
ITDG		0.98	0.7	0.91	0.81	0.4	0.95	0.84	0.98	0.75	ITDG
BTR	0.98		0.61	0.94	0.7	0.24	0.95	0.79	0.93	0.66	BTR
JMID	0.7	0.61		0.4	0.86	0.72	0.56	0.79	0.74	0.73	JMID
RNRG	0.91	0.94	0.4		0.52	0.03	0.96	0.6	0.82	0.6	RNRG
LFEQ	0.81	0.7	0.86	0.52		0.84	0.67	0.84	0.88	0.68	LFEQ
CDEI	0.4	0.24	0.72	0.03	0.84		0.21	0.59	0.53	0.44	CDEI
HFGM	0.95	0.95	0.56	0.96	0.67	0.21		0.69	0.88	0.73	HFGM
FLOW	0.84	0.79	0.79	0.6	0.84	0.59	0.69		0.89	0.62	FLOW
MART	0.98	0.93	0.74	0.82	0.88	0.53	0.88	0.89		0.74	MART
LITP	0.75	0.66	0.73	0.6	0.68	0.44	0.73	0.62	0.74		LITP
	ITDG	BTR	JMID	RNRG	LFEQ	CDEI	HFGM	FLOW	MART	LITP

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

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
ITDG	0.52	0.06	0.05	0.17	0.48	(0.57)	1.02	(1.03)	3.53
BTR	0.46	0.07	0.06	0.19	0.37	(0.52)	1.13	(1.08)	2.95
JMID	0.78	(0.03)	(0.02)	0.07	0.92	(0.86)	1.52	(1.72)	5.89
RNRG	0.67	0.15	0.13	0.40	0.48	(0.77)	1.96	(1.37)	4.07
LFEQ	0.55	(0.02)	(0.04)	0.07	0.68	(0.52)	0.91	(1.23)	3.72
CDEI	0.57	(0.04)	(0.08)	0.04	0.74	(0.59)	1.07	(1.42)	3.59
HFGM	1.25	0.19	0.11	0.24	1.59	(1.33)	2.31	(2.35)	9.79
FLOW	0.75	0.03	0.03	0.12	0.81	(0.78)	1.88	(1.58)	4.77
MART	0.26	0.03	(0.07)	0.16	0.22	(0.27)	0.56	(0.69)	2.01
LITP	2.95	0.32	0.09	0.31	3.64	(3.01)	5.63	(5.41)	18.88

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