Franklin Templeton Correlations

DIEM Etf

USD 26.57 0.13 0.49%

The current 90-days correlation between Franklin Templeton ETF and Franklin Core Dividend is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Templeton moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Templeton ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Templeton Correlation With Market

Modest diversification

The correlation between Franklin Templeton ETF and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Templeton ETF and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Templeton ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Franklin Etf

0.98	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental	Pair Corr
0.98	ESGE	iShares ESG Aware	Pair Corr
0.93	DGS	WisdomTree Emerging	Pair Corr
0.97	XSOE	WisdomTree Emerging	Pair Corr
0.93	EMXC	iShares MSCI Emerging	Pair Corr
0.65	BND	Vanguard Total Bond	Pair Corr
0.88	VEA	Vanguard FTSE Developed	Pair Corr

Moving against Franklin Etf

0.42	VUG	Vanguard Growth Index	Pair Corr
0.71	BTC	Grayscale Bitcoin Mini	Pair Corr
0.7	WUCT	UBS AG London	Pair Corr
0.7	OLO	Olo Inc	Pair Corr
0.69	UMI	USCF Midstream Energy	Pair Corr
0.67	XONE	Bondbloxx Bloomberg One	Pair Corr
0.66	BITX	Volatility Shares Trust Buyout Trend	Pair Corr
0.62	TSLY	Tidal Trust II	Pair Corr
0.55	NFLY	Tidal Trust II	Pair Corr
0.54	PBDC	Putnam ETF Trust	Pair Corr
0.51	Z	Zillow Group Class	Pair Corr
0.5	FETH	Fidelity Advantage Ether Buyout Trend	Pair Corr
0.49	STK	Columbia Seligman Premium	Pair Corr
0.44	GSG	iShares SP GSCI	Pair Corr
0.38	BNO	United States Brent	Pair Corr
0.77	JAAA	Janus Detroit Street	Pair Corr
0.77	TFLO	iShares Treasury Floating	Pair Corr
0.76	MINT	PIMCO Enhanced Short	Pair Corr
0.74	BRLN	Blackrock ETF Trust	Pair Corr
0.73	GJAN	First Trust Exchange	Pair Corr
0.71	SEIX	Virtus ETF Trust	Pair Corr

Related Correlations Analysis

	UDIV	DIVI	YPS	WTV	RBLD
UDIV		-0.19	0.13	0.87	0.63	UDIV
DIVI	-0.19		-0.4	-0.31	0.18	DIVI
YPS	0.13	-0.4		-0.01	-0.43	YPS
WTV	0.87	-0.31	-0.01		0.82	WTV
RBLD	0.63	0.18	-0.43	0.82		RBLD
	UDIV	DIVI	YPS	WTV	RBLD

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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

WTV	+ 0.87	UDIV
RBLD	+ 0.82	WTV
RBLD	+ 0.63	UDIV
RBLD	+ 0.18	DIVI
YPS	+ 0.13	UDIV

High negative correlations

RBLD	- 0.43	YPS
YPS	- 0.4	DIVI
WTV	- 0.31	DIVI
DIVI	- 0.19	UDIV
WTV	- 0.01	YPS

Franklin Templeton Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin Templeton 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 Franklin Templeton'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
UDIV	0.55	0.02	0.01	0.10	0.85	(0.52)	1.06	(1.13)	5.44
DIVI	0.57	(0.10)	0.00	(0.53)	0.00	0.00	1.13	(1.48)	3.80
YPS	0.76	0.10	0.10	0.43	0.72	(0.90)	1.67	(1.46)	3.74
WTV	0.66	0.07	0.08	0.20	0.66	(0.81)	1.27	(1.03)	6.77
RBLD	0.67	0.01	0.00	0.04	0.83	(0.74)	1.74	(1.07)	5.89

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