Evolve Active Correlations

DIVS Etf

CAD 17.64 0.06 0.34%

The current 90-days correlation between Evolve Active Canadian and Brompton European Dividend is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evolve Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolve Active Canadian moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Evolve Active Correlation With Market

Almost no diversification

The correlation between Evolve Active Canadian and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolve Active Canadian and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Evolve Active could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolve Active when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evolve Active - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evolve Active Canadian to buy it.

Moving together with Evolve Etf

0.95	ZPR	BMO Laddered Preferred	Pair Corr
0.95	HPR	Global X Active	Pair Corr
0.94	CPD	iShares SPTSX Canadian	Pair Corr
0.94	RPF	RBC Canadian Preferred	Pair Corr
0.95	DXP	Dynamic Active Preferred	Pair Corr
0.93	XPF	iShares SPTSX North	Pair Corr
0.91	PR	Lysander Slater Pref	Pair Corr
0.94	HFP	Global X Active	Pair Corr
0.89	FPR	CI Preferred Share	Pair Corr
0.85	XIU	iShares SPTSX 60	Pair Corr
0.76	XSP	iShares Core SP	Pair Corr
0.85	XIC	iShares Core SPTSX	Pair Corr
0.85	ZCN	BMO SPTSX Capped	Pair Corr
0.86	ZEB	BMO SPTSX Equal	Pair Corr
0.75	XSMC	iShares SP Small	Pair Corr
0.84	BNC	Purpose Canadian Fin	Pair Corr
0.83	DXBG	Dynamic Global Fixed	Pair Corr
0.79	HGGG	Harvest Global Gold	Pair Corr

Moving against Evolve Etf

0.54

TCLB

TD Canadian Long

Pair Corr

Related Correlations Analysis

	LLHE	DCP	MCSB	ZVC	HIG	XVLU	PXS	EARN	HUZ	EDGF
LLHE		0.11	0.16	0.19	0.55	0.1	0.12	0.19	0.13	0.06	LLHE
DCP	0.11		0.4	0.88	0.24	0.84	0.8	0.81	0.78	0.9	DCP
MCSB	0.16	0.4		0.6	0.68	0.68	0.69	0.61	0.51	0.6	MCSB
ZVC	0.19	0.88	0.6		0.43	0.94	0.89	0.87	0.89	0.92	ZVC
HIG	0.55	0.24	0.68	0.43		0.47	0.5	0.46	0.29	0.39	HIG
XVLU	0.1	0.84	0.68	0.94	0.47		0.9	0.86	0.81	0.95	XVLU
PXS	0.12	0.8	0.69	0.89	0.5	0.9		0.79	0.75	0.88	PXS
EARN	0.19	0.81	0.61	0.87	0.46	0.86	0.79		0.78	0.85	EARN
HUZ	0.13	0.78	0.51	0.89	0.29	0.81	0.75	0.78		0.82	HUZ
EDGF	0.06	0.9	0.6	0.92	0.39	0.95	0.88	0.85	0.82		EDGF
	LLHE	DCP	MCSB	ZVC	HIG	XVLU	PXS	EARN	HUZ	EDGF

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Evolve Active Constituents Risk-Adjusted Indicators

There is a big difference between Evolve Etf performing well and Evolve Active 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 Evolve Active'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
LLHE	1.88	0.05	0.02	0.12	2.36	(1.96)	3.96	(3.72)	19.12
DCP	0.30	0.03	(0.07)	1.06	0.36	(0.37)	0.77	(0.87)	1.94
MCSB	0.10	0.00	(0.35)	0.08	0.10	(0.13)	0.20	(0.15)	0.95
ZVC	0.54	0.12	0.08	0.36	0.58	(0.58)	1.20	(1.02)	3.88
HIG	0.71	0.03	0.00	0.15	0.95	(0.75)	1.79	(1.38)	5.48
XVLU	0.80	0.12	0.08	0.30	0.76	(0.91)	2.10	(1.70)	4.56
PXS	0.52	0.06	0.02	0.30	0.46	(0.54)	1.57	(1.02)	3.58
EARN	0.13	0.01	(0.25)	0.29	0.18	(0.14)	0.27	(0.23)	2.01
HUZ	3.68	0.61	0.09	0.40	6.87	(3.66)	6.80	(7.21)	37.06
EDGF	0.52	0.05	0.01	0.21	0.48	(0.66)	1.23	(1.07)	3.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Evolve Active without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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