Dynamic Active Correlations

DXF Etf

CAD 49.85 0.58 1.15%

The current 90-days correlation between Dynamic Active Global and iShares MSCI Canada is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dynamic Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynamic Active Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dynamic Active Correlation With Market

Very weak diversification

The correlation between Dynamic Active Global and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Active Global and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dynamic 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 Dynamic 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 Dynamic 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 Dynamic Active Global to buy it.

Moving together with Dynamic Etf

0.84	FSF	CI Global Financial	Pair Corr
0.63	XSP	iShares Core SP	Pair Corr
0.74	PFMN	Picton Mahoney Fortified	Pair Corr

Moving against Dynamic Etf

0.69	TCLB	TD Canadian Long	Pair Corr
0.65	ZAG	BMO Aggregate Bond	Pair Corr
0.49	XBB	iShares Canadian Universe	Pair Corr
0.37	OILU	SavvyLong Geared Crude	Pair Corr
0.34	QDX	Mackenzie International	Pair Corr
0.45	HXE	Global X SPTSX	Pair Corr
0.41	PDIV	Purpose Enhanced Dividend	Pair Corr
0.4	XEG	iShares SPTSX Capped	Pair Corr
0.31	XBAL	iShares Core Balanced	Pair Corr

Related Correlations Analysis

	AMAX	ZPAY	FLSD	ZEQ	ZUB	CRED	ZWG	TPRF	MCLC	XMV
AMAX		-0.54	0.48	0.43	0.15	0.45	0.09	0.23	0.43	0.86	AMAX
ZPAY	-0.54		-0.6	-0.74	-0.71	-0.7	-0.36	-0.71	-0.77	-0.49	ZPAY
FLSD	0.48	-0.6		0.74	0.41	0.94	0.65	0.55	0.72	0.51	FLSD
ZEQ	0.43	-0.74	0.74		0.81	0.81	0.69	0.91	0.96	0.37	ZEQ
ZUB	0.15	-0.71	0.41	0.81		0.55	0.66	0.88	0.81	0.11	ZUB
CRED	0.45	-0.7	0.94	0.81	0.55		0.68	0.66	0.79	0.45	CRED
ZWG	0.09	-0.36	0.65	0.69	0.66	0.68		0.57	0.64	0.18	ZWG
TPRF	0.23	-0.71	0.55	0.91	0.88	0.66	0.57		0.91	0.18	TPRF
MCLC	0.43	-0.77	0.72	0.96	0.81	0.79	0.64	0.91		0.34	MCLC
XMV	0.86	-0.49	0.51	0.37	0.11	0.45	0.18	0.18	0.34		XMV
	AMAX	ZPAY	FLSD	ZEQ	ZUB	CRED	ZWG	TPRF	MCLC	XMV

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

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

MCLC	+ 0.96	ZEQ
CRED	+ 0.94	FLSD
TPRF	+ 0.91	ZEQ
MCLC	+ 0.91	TPRF
TPRF	+ 0.88	ZUB
XMV	+ 0.86	AMAX

High negative correlations

MCLC	- 0.77	ZPAY
ZEQ	- 0.74	ZPAY
TPRF	- 0.71	ZPAY
ZUB	- 0.71	ZPAY
CRED	- 0.7	ZPAY
FLSD	- 0.6	ZPAY

Dynamic Active Constituents Risk-Adjusted Indicators

There is a big difference between Dynamic Etf performing well and Dynamic 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 Dynamic 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
AMAX	1.83	0.34	0.10	0.46	2.99	(1.92)	4.26	(3.95)	15.30
ZPAY	0.44	(0.05)	0.00	37.78	0.00	0.00	0.88	(1.27)	3.40
FLSD	0.09	0.00	(0.54)	0.00	0.00	(0.11)	0.21	(0.21)	0.62
ZEQ	0.49	0.11	0.04	1.04	0.47	(0.56)	1.21	(1.01)	3.26
ZUB	0.99	0.18	0.09	0.62	1.05	(1.08)	2.36	(1.75)	5.97
CRED	0.07	0.01	(0.50)	(3.58)	0.00	(0.10)	0.20	(0.20)	0.74
ZWG	0.58	0.06	(0.04)	1.09	0.65	(0.62)	1.21	(1.01)	4.16
TPRF	0.18	0.04	(0.12)	0.56	0.13	(0.22)	0.41	(0.32)	0.99
MCLC	0.55	0.16	0.07	(3.76)	0.72	(0.56)	1.11	(1.14)	3.83
XMV	0.39	0.06	(0.02)	0.35	0.39	(0.41)	0.89	(0.74)	2.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dynamic 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.

Did you try this?

Run Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

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