Global X Correlations

EBIZ Etf

USD 28.78 0.48 1.70%

The current 90-days correlation between Global X E and ProShares Online Retail is 0.03 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Global X Correlation With Market

Significant diversification

The correlation between Global X E commerce and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X E commerce 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 Global X E commerce. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Global Etf

0.86	XLY	Consumer Discretionary	Pair Corr
0.87	VCR	Vanguard Consumer	Pair Corr
0.87	FDIS	Fidelity MSCI Consumer	Pair Corr
0.9	IYC	iShares Consumer Dis	Pair Corr
0.83	PEJ	Invesco Dynamic Leisure	Pair Corr
0.87	FXD	First Trust Consumer	Pair Corr
0.91	XRT	SPDR SP Retail	Pair Corr
0.81	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.63	MLPR	ETRACS Quarterly Pay	Pair Corr
0.73	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.8	AXP	American Express Earnings Call This Week	Pair Corr
0.78	T	ATT Inc Earnings Call Today	Pair Corr

Moving against Global Etf

0.7	NRGU	Bank Of Montreal	Pair Corr
0.58	JNJ	Johnson Johnson Earnings Call Today	Pair Corr
0.36	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.34	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.33	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	ONLN	IBUY	CLIX	FINX	CLOU
ONLN		0.89	0.84	0.74	0.82	ONLN
IBUY	0.89		0.6	0.94	0.94	IBUY
CLIX	0.84	0.6		0.42	0.46	CLIX
FINX	0.74	0.94	0.42		0.91	FINX
CLOU	0.82	0.94	0.46	0.91		CLOU
	ONLN	IBUY	CLIX	FINX	CLOU

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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
ONLN	0.95	0.06	0.04	0.20	1.21	(1.01)	2.02	(1.81)	7.33
IBUY	0.94	0.10	0.06	0.22	1.22	(0.97)	2.55	(1.78)	7.69
CLIX	0.81	0.03	0.00	0.16	1.21	(0.72)	1.62	(1.98)	4.96
FINX	1.18	0.16	0.10	0.44	1.32	(1.29)	2.49	(2.12)	9.52
CLOU	1.07	0.24	0.16	0.46	1.09	(1.23)	2.43	(2.08)	8.82

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