BetaShares Climate Correlations

ERTH Etf

8.74 0.06 0.68%

The current 90-days correlation between BetaShares Climate Change and CD Private Equity is -0.07 (i.e., Good diversification). The correlation of BetaShares Climate 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.

BetaShares Climate Correlation With Market

Significant diversification

The correlation between BetaShares Climate Change and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BetaShares Climate Change and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BetaShares Climate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaShares Climate 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 BetaShares Climate - 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 BetaShares Climate Change to buy it.

Moving together with BetaShares Etf

0.75

ASIA

Betashares Asia Tech

Pair Corr

Related Correlations Analysis

	CD3	E200	EOF	IXJ	RIC	AHF	ADT	IXU	AAC
CD3		0.26	0.23	-0.31	0.26	0.23	0.29	-0.24	-0.16	CD3
E200	0.26		0.36	-0.64	0.79	0.72	0.69	-0.58	-0.05	E200
EOF	0.23	0.36		-0.62	0.71	0.55	0.86	-0.69	-0.04	EOF
IXJ	-0.31	-0.64	-0.62		-0.81	-0.73	-0.74	0.66	0.02	IXJ
RIC	0.26	0.79	0.71	-0.81		0.71	0.88	-0.88	0.09	RIC
AHF	0.23	0.72	0.55	-0.73	0.71		0.63	-0.52	-0.33	AHF
ADT	0.29	0.69	0.86	-0.74	0.88	0.63		-0.8	-0.03	ADT
IXU	-0.24	-0.58	-0.69	0.66	-0.88	-0.52	-0.8		-0.19	IXU
AAC	-0.16	-0.05	-0.04	0.02	0.09	-0.33	-0.03	-0.19		AAC
	CD3	E200	EOF	IXJ	RIC	AHF	ADT	IXU	AAC

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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

ADT	+ 0.88	RIC
ADT	+ 0.86	EOF
RIC	+ 0.79	E200
AHF	+ 0.72	E200
RIC	+ 0.71	EOF
AHF	+ 0.71	RIC

High negative correlations

IXU	- 0.88	RIC
RIC	- 0.81	IXJ
IXU	- 0.8	ADT
ADT	- 0.74	IXJ
AHF	- 0.73	IXJ
IXU	- 0.69	EOF

BetaShares Climate Constituents Risk-Adjusted Indicators

There is a big difference between BetaShares Etf performing well and BetaShares Climate 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 BetaShares Climate'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
CD3	1.22	0.01	(0.04)	0.17	1.57	(1.72)	3.08	(3.05)	8.43
E200	0.48	0.07	(0.06)	0.95	0.55	(0.54)	1.06	(0.89)	3.06
EOF	5.74	0.61	0.06	0.77	5.97	(10.69)	20.00	(13.16)	47.93
IXJ	0.54	(0.13)	0.00	(0.61)	0.00	0.00	0.99	(1.27)	3.57
RIC	1.17	0.34	0.16	11.52	0.92	(1.60)	2.45	(2.26)	9.18
AHF	4.25	0.74	0.10	1.25	4.00	(7.51)	10.53	(9.52)	28.76
ADT	2.43	0.51	0.13	(0.74)	2.07	(2.93)	7.48	(3.62)	13.94
IXU	5.31	(0.81)	0.00	4.22	0.00	0.00	11.76	(11.54)	40.97
AAC	0.99	0.00	(0.08)	0.14	1.10	(1.27)	2.22	(2.11)	6.43

Be your own money manager

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

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