Global X Correlations
EMC Etf | 26.53 0.02 0.08% |
The current 90-days correlation between Global X Funds and Invesco PureBeta MSCI is 0.5 (i.e., Very weak 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.
Global X Correlation With Market
Weak diversification
The correlation between Global X Funds and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Funds and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Etf
0.93 | VWO | Vanguard FTSE Emerging | PairCorr |
0.98 | IEMG | iShares Core MSCI | PairCorr |
0.97 | EEM | iShares MSCI Emerging | PairCorr |
0.93 | SPEM | SPDR Portfolio Emerging Sell-off Trend | PairCorr |
0.91 | FNDE | Schwab Fundamental Sell-off Trend | PairCorr |
0.97 | ESGE | iShares ESG Aware | PairCorr |
0.72 | DGS | WisdomTree Emerging | PairCorr |
0.96 | XSOE | WisdomTree Emerging | PairCorr |
0.65 | EMXC | iShares MSCI Emerging | PairCorr |
0.63 | HD | Home Depot | PairCorr |
0.72 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.68 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
0.73 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Global Etf
0.62 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
0.37 | IAUF | IShares | PairCorr |
0.35 | WTMF | WisdomTree Managed | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
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PBUS | 0.57 | 0.01 | (0.01) | 0.13 | 0.68 | 1.19 | 3.99 | |||
AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
MSTSX | 0.48 | (0.04) | (0.13) | 0.06 | 0.50 | 1.21 | 2.80 | |||
ABHYX | 0.17 | 0.02 | (0.25) | (0.03) | 0.26 | 0.34 | 1.91 | |||
LBHIX | 0.11 | 0.01 | (0.41) | 0.46 | 0.00 | 0.24 | 0.96 | |||
SCAXF | 0.70 | (0.37) | 0.00 | (25.57) | 0.00 | 0.00 | 23.47 | |||
VIASP | 0.72 | 0.00 | (0.02) | 0.00 | 1.05 | 2.28 | 7.18 | |||
RRTLX | 0.24 | (0.02) | (0.31) | 0.05 | 0.24 | 0.56 | 1.37 | |||
OSHDF | 39.65 | 20.22 | 0.00 | (24.88) | 0.00 | 0.00 | 1,329 | |||
JRBEX | 0.35 | (0.03) | (0.21) | 0.05 | 0.40 | 0.79 | 2.14 |