AB Active Correlations

EMOP Etf

46.51 0.03 0.06%

The current 90-days correlation between AB Active ETFs and Bank of Montreal is 0.42 (i.e., Very weak diversification). The correlation of AB Active 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.

AB Active Correlation With Market

Very poor diversification

The correlation between AB Active ETFs and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Active ETFs and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EMOP Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AB Active ETFs. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with EMOP Etf

0.99	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
1.0	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.99	EMC	Global X Funds	Pair Corr
1.0	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging Sell-off Trend	Pair Corr
0.99	FNDE	Schwab Fundamental Sell-off Trend	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.98	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.83	DHF	BNY Mellon High	Pair Corr
0.96	ARP	Advisors Inner Circle	Pair Corr
0.78	PXMV	Invesco SP MidCap	Pair Corr
0.83	IGA	Voya Global Advantage	Pair Corr
0.91	FPXE	First Trust IPOX	Pair Corr
0.97	CHPS	Xtrackers Semiconductor	Pair Corr
0.89	REGL	ProShares SP MidCap	Pair Corr
0.81	WDNA	WisdomTree BioRevolution	Pair Corr
1.0	STXE	EA Series Trust	Pair Corr
0.87	UDI	USCF ETF Trust	Pair Corr
0.78	XAUG	FT Cboe Vest	Pair Corr
0.87	DFSD	Dimensional ETF Trust	Pair Corr
0.74	FB	ProShares Trust ProShares	Pair Corr
0.64	TERG	Leverage Shares 2X	Pair Corr
0.84	NCPB	Nuveen Core Plus	Pair Corr
0.93	IRTR	iShares Trust	Pair Corr
0.7	FXC	Invesco CurrencyShares	Pair Corr
0.65	WEBS	Direxion Daily Dow	Pair Corr
0.98	CCNR	CoreCommodity Natural	Pair Corr
0.95	EURL	Direxion Daily FTSE	Pair Corr
0.97	NBCE	Neuberger Berman ETF	Pair Corr
0.85	SPVM	Invesco SP 500	Pair Corr
0.89	IQSZ	Invesco Actively Managed	Pair Corr

Moving against EMOP Etf

0.68	ENTR	EntrepreneurShares	Pair Corr
0.39	PLT	Defiance Leveraged Long	Pair Corr

Related Correlations Analysis

	LITL	WCEO	JPAN	SNPD	ISHP	GBLD	GMMA	TOT	AVIE	CARU
LITL		0.97	0.67	0.73	0.27	0.65	0.86	0.91	0.67	0.73	LITL
WCEO	0.97		0.77	0.84	0.17	0.75	0.91	0.9	0.79	0.61	WCEO
JPAN	0.67	0.77		0.92	-0.26	0.92	0.78	0.65	0.91	0.16	JPAN
SNPD	0.73	0.84	0.92		-0.33	0.9	0.8	0.65	0.99	0.14	SNPD
ISHP	0.27	0.17	-0.26	-0.33		-0.2	0.2	0.4	-0.39	0.63	ISHP
GBLD	0.65	0.75	0.92	0.9	-0.2		0.8	0.67	0.9	0.1	GBLD
GMMA	0.86	0.91	0.78	0.8	0.2	0.8		0.94	0.76	0.49	GMMA
TOT	0.91	0.9	0.65	0.65	0.4	0.67	0.94		0.6	0.69	TOT
AVIE	0.67	0.79	0.91	0.99	-0.39	0.9	0.76	0.6		0.06	AVIE
CARU	0.73	0.61	0.16	0.14	0.63	0.1	0.49	0.69	0.06		CARU
	LITL	WCEO	JPAN	SNPD	ISHP	GBLD	GMMA	TOT	AVIE	CARU

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

AVIE	+ 0.99	SNPD
WCEO	+ 0.97	LITL
TOT	+ 0.94	GMMA
SNPD	+ 0.92	JPAN
GBLD	+ 0.92	JPAN
TOT	+ 0.91	LITL

High negative correlations

AVIE	- 0.39	ISHP
ISHP	- 0.33	SNPD
ISHP	- 0.26	JPAN
GBLD	- 0.2	ISHP

AB Active Constituents Risk-Adjusted Indicators

There is a big difference between EMOP Etf performing well and AB 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 AB 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
LITL	0.89	0.02	0.03	0.07	0.87	(1.14)	2.02	(1.65)	5.86
WCEO	0.73	0.04	0.05	0.10	0.68	(0.86)	1.98	(1.55)	4.45
JPAN	0.83	0.15	0.14	0.23	0.77	(0.93)	2.17	(1.42)	4.86
SNPD	0.56	0.16	0.20	0.32	0.37	(0.64)	1.25	(1.02)	3.31
ISHP	0.79	(0.24)	0.00	(0.19)	0.00	0.00	1.32	(1.93)	5.33
GBLD	0.48	0.03	(0.01)	0.11	0.57	(0.50)	1.19	(1.06)	3.04
GMMA	0.25	(0.01)	(0.12)	0.02	0.36	(0.25)	0.52	(0.56)	1.98
TOT	0.57	(0.05)	(0.06)	0.00	0.84	(0.55)	1.08	(1.55)	3.96
AVIE	0.53	0.17	0.24	0.40	0.10	(0.62)	1.49	(0.82)	2.96
CARU	3.28	(0.09)	0.02	0.03	3.70	(3.74)	6.88	(6.26)	19.81

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