Barclays ETN Correlations

FLEU Etf

USD 25.74 0.00 0.00%

The current 90-days correlation between Barclays ETN FI and Vanguard Minimum Volatility is 0.17 (i.e., Average diversification). The correlation of Barclays ETN 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.

Barclays ETN Correlation With Market

Modest diversification

The correlation between Barclays ETN FI and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barclays ETN FI 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 Barclays ETN FI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Barclays Etf

0.78	VEA	Vanguard FTSE Developed	Pair Corr
0.83	IEFA	iShares Core MSCI	Pair Corr
0.74	VEU	Vanguard FTSE All	Pair Corr
0.85	EFA	iShares MSCI EAFE	Pair Corr
0.73	IXUS	iShares Core MSCI	Pair Corr
0.78	SPDW	SPDR SP World	Pair Corr
0.78	IDEV	iShares Core MSCI	Pair Corr
0.85	ESGD	iShares ESG Aware	Pair Corr
0.85	JIRE	JP Morgan Exchange	Pair Corr
0.66	DFAX	Dimensional World	Pair Corr

Moving against Barclays Etf

0.34

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Pair Corr

Related Correlations Analysis

	VFMV	EELV	EEMA	EEMV	EFAV	NDIA	FLAX	FLEE	FLEU
VFMV		0.31	0.11	0.18	0.42	0.28	0.12	0.13	-0.03	VFMV
EELV	0.31		0.9	0.87	0.89	0.54	0.88	0.73	0.44	EELV
EEMA	0.11	0.9		0.95	0.8	0.62	0.99	0.67	0.42	EEMA
EEMV	0.18	0.87	0.95		0.84	0.61	0.96	0.74	0.52	EEMV
EFAV	0.42	0.89	0.8	0.84		0.45	0.78	0.81	0.59	EFAV
NDIA	0.28	0.54	0.62	0.61	0.45		0.65	0.13	-0.27	NDIA
FLAX	0.12	0.88	0.99	0.96	0.78	0.65		0.64	0.38	FLAX
FLEE	0.13	0.73	0.67	0.74	0.81	0.13	0.64		0.83	FLEE
FLEU	-0.03	0.44	0.42	0.52	0.59	-0.27	0.38	0.83		FLEU
	VFMV	EELV	EEMA	EEMV	EFAV	NDIA	FLAX	FLEE	FLEU

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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

FLAX	+ 0.99	EEMA
FLAX	+ 0.96	EEMV
EEMV	+ 0.95	EEMA
EEMA	+ 0.9	EELV
EFAV	+ 0.89	EELV
FLAX	+ 0.88	EELV

High negative correlations

FLEU	- 0.27	NDIA
FLEU	- 0.03	VFMV

Barclays ETN Constituents Risk-Adjusted Indicators

There is a big difference between Barclays Etf performing well and Barclays ETN 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 Barclays ETN'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
VFMV	0.51	0.01	(0.07)	0.12	0.55	(0.57)	0.94	(0.99)	4.32
EELV	0.44	(0.07)	0.00	(0.17)	0.00	0.00	1.03	(0.94)	3.31
EEMA	0.76	(0.10)	0.00	(0.16)	0.00	0.00	1.52	(2.02)	5.77
EEMV	0.40	(0.06)	0.00	(0.13)	0.00	0.00	0.80	(1.12)	2.69
EFAV	0.46	(0.03)	0.00	(0.04)	0.00	0.00	1.09	(1.39)	3.16
NDIA	0.67	(0.16)	0.00	(0.56)	0.00	0.00	1.39	(1.38)	4.59
FLAX	0.71	(0.09)	0.00	(0.15)	0.00	0.00	1.27	(2.04)	5.19
FLEE	0.58	(0.01)	(0.11)	(0.24)	0.85	(0.57)	1.26	(1.48)	3.64
FLEU	0.67	0.01	(0.06)	0.13	0.94	(0.67)	1.39	(1.36)	4.07

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