Global X Correlations

EMC Etf

26.19 0.26 1.00%

The current 90-days correlation between Global X Funds and iShares Dividend and is 0.3 (i.e., 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

Modest diversification

The correlation between Global X Funds and DJI is 0.27 (i.e., Modest 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Global Etf

0.98	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.97	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
0.97	ESGE	iShares ESG Aware	Pair Corr
0.94	DGS	WisdomTree Emerging	Pair Corr
0.97	XSOE	WisdomTree Emerging	Pair Corr
0.94	EMXC	iShares MSCI Emerging	Pair Corr
0.65	BND	Vanguard Total Bond	Pair Corr
0.88	VEA	Vanguard FTSE Developed	Pair Corr

Moving against Global Etf

0.43	VUG	Vanguard Growth Index	Pair Corr
0.74	UMI	USCF Midstream Energy	Pair Corr
0.74	WUCT	UBS AG London	Pair Corr
0.73	BTC	Grayscale Bitcoin Mini	Pair Corr
0.71	OLO	Olo Inc	Pair Corr
0.7	XONE	Bondbloxx Bloomberg One	Pair Corr
0.67	BITX	Volatility Shares Trust Buyout Trend	Pair Corr
0.63	TSLY	Tidal Trust II	Pair Corr
0.6	PBDC	Putnam ETF Trust	Pair Corr
0.57	NFLY	Tidal Trust II	Pair Corr
0.54	Z	Zillow Group Class	Pair Corr
0.51	FETH	Fidelity Advantage Ether Buyout Trend	Pair Corr
0.49	STK	Columbia Seligman Premium	Pair Corr
0.41	GSG	iShares SP GSCI	Pair Corr
0.34	BNO	United States Brent	Pair Corr
0.79	JAAA	Janus Detroit Street	Pair Corr
0.78	TFLO	iShares Treasury Floating	Pair Corr
0.77	MINT	PIMCO Enhanced Short	Pair Corr
0.75	GJAN	First Trust Exchange	Pair Corr
0.75	BRLN	Blackrock ETF Trust	Pair Corr
0.73	SEIX	Virtus ETF Trust	Pair Corr

Related Correlations Analysis

	DIVB	MCSE	MDCP	EV	GK	MJ	PP	XT	METV
DIVB		0.22	0.95	0.49	0.47	0.22	0.65	0.5	-0.02	DIVB
MCSE	0.22		0.33	0.62	-0.23	0.8	0.62	0.16	-0.54	MCSE
MDCP	0.95	0.33		0.64	0.35	0.38	0.66	0.41	-0.18	MDCP
EV	0.49	0.62	0.64		0.21	0.53	0.67	0.41	-0.21	EV
GK	0.47	-0.23	0.35	0.21		-0.47	0.43	0.81	0.77	GK
MJ	0.22	0.8	0.38	0.53	-0.47		0.4	-0.25	-0.84	MJ
PP	0.65	0.62	0.66	0.67	0.43	0.4		0.65	0.03	PP
XT	0.5	0.16	0.41	0.41	0.81	-0.25	0.65		0.64	XT
METV	-0.02	-0.54	-0.18	-0.21	0.77	-0.84	0.03	0.64		METV
	DIVB	MCSE	MDCP	EV	GK	MJ	PP	XT	METV

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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

MDCP	+ 0.95	DIVB
XT	+ 0.81	GK
MJ	+ 0.8	MCSE
METV	+ 0.77	GK
PP	+ 0.67	EV
PP	+ 0.66	MDCP

High negative correlations

METV	- 0.84	MJ
METV	- 0.54	MCSE
MJ	- 0.47	GK
XT	- 0.25	MJ
GK	- 0.23	MCSE
METV	- 0.21	EV

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
DIVB	0.54	(0.02)	0.00	(0.05)	0.00	0.00	1.11	(0.97)	5.73
MCSE	0.79	(0.14)	0.00	(7.59)	0.00	0.00	1.35	(2.10)	5.39
MDCP	0.74	(0.05)	0.00	(0.10)	0.00	0.00	1.38	(1.21)	5.94
EV	1.04	(0.10)	0.00	(0.42)	0.00	0.00	1.91	(2.19)	6.73
GK	0.74	0.01	0.01	0.02	1.18	(0.68)	1.28	(1.55)	4.93
MJ	2.07	(0.53)	0.00	(1.50)	0.00	0.00	3.61	(3.59)	24.25
PP	1.11	(0.10)	0.00	(0.19)	0.00	0.00	2.39	(2.09)	9.37
XT	0.75	(0.01)	0.00	(0.05)	0.00	0.00	1.31	(1.78)	4.92
METV	1.02	0.12	0.10	0.48	1.11	(1.15)	2.29	(1.58)	6.62

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