ETF Series Correlations

DSTX Etf

USD 24.54 0.33 1.36%

The current 90-days correlation between ETF Series Solutions and Distillate Fundamental Stability is 0.41 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ETF Series Correlation With Market

Significant diversification

The correlation between ETF Series Solutions and DJI is 0.09 (i.e., Significant 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.

Check out Investing Opportunities 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 estimate.

Moving together with ETF Etf

0.83	VEA	Vanguard FTSE Developed	Pair Corr
0.95	IEFA	iShares Core MSCI	Pair Corr
0.95	VEU	Vanguard FTSE All	Pair Corr
0.95	EFA	iShares MSCI EAFE	Pair Corr
0.95	IXUS	iShares Core MSCI	Pair Corr
0.93	SPDW	SPDR SP World	Pair Corr
0.92	IDEV	iShares Core MSCI	Pair Corr
0.85	ESGD	iShares ESG Aware	Pair Corr
0.96	JIRE	JP Morgan Exchange	Pair Corr
0.83	DFAX	Dimensional World	Pair Corr
0.63	KO	Coca Cola Earnings Call This Week	Pair Corr

Moving against ETF Etf

0.52

DIS

Walt Disney Earnings Call This Week

Pair Corr

Related Correlations Analysis

	DSTL	DSMC	DFNV	DWMF	TTAI
DSTL		0.94	-0.11	0.38	0.73	DSTL
DSMC	0.94		-0.21	0.18	0.76	DSMC
DFNV	-0.11	-0.21		0.22	-0.46	DFNV
DWMF	0.38	0.18	0.22		-0.07	DWMF
TTAI	0.73	0.76	-0.46	-0.07		TTAI
	DSTL	DSMC	DFNV	DWMF	TTAI

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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

DSMC	+ 0.94	DSTL
TTAI	+ 0.76	DSMC
TTAI	+ 0.73	DSTL
DWMF	+ 0.38	DSTL
DWMF	+ 0.22	DFNV
DWMF	+ 0.18	DSMC

High negative correlations

TTAI	- 0.46	DFNV
DFNV	- 0.21	DSMC
DFNV	- 0.11	DSTL
TTAI	- 0.07	DWMF

ETF Series Constituents 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
DSTL	0.58	0.02	(0.05)	0.19	0.64	(0.63)	1.28	(0.97)	4.34
DSMC	0.73	0.03	(0.03)	0.22	0.82	(0.88)	1.61	(1.38)	7.63
DFNV	0.70	0.22	0.19	0.88	0.58	(0.81)	1.91	(1.16)	4.37
DWMF	0.41	0.02	(0.07)	0.83	0.52	(0.42)	0.82	(0.95)	2.40
TTAI	0.59	0.01	(0.07)	0.21	0.76	(0.60)	1.23	(1.25)	3.55

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