Themes Global Correlations

GSIB Etf

53.77 0.37 0.68%

The current 90-days correlation between Themes Global System and Carbon Collective Short is -0.08 (i.e., Good diversification). The correlation of Themes Global 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.

Themes Global Correlation With Market

Almost no diversification

The correlation between Themes Global Systemically and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themes Global Systemically and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Themes Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Themes Global Systemically. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Themes Etf

0.62	VFH	Vanguard Financials Index	Pair Corr
0.92	KRE	SPDR SP Regional	Pair Corr
0.94	KBE	SPDR SP Bank	Pair Corr
0.71	IYF	iShares Financials ETF	Pair Corr
0.62	FNCL	Fidelity MSCI Financials	Pair Corr
0.63	IYG	iShares Financial	Pair Corr
0.88	FXO	First Trust Financials	Pair Corr
0.95	IAT	iShares Regional Banks	Pair Corr
0.95	IXG	iShares Global Financials	Pair Corr
0.84	PSLV	Sprott Physical Silver	Pair Corr
0.75	WNTR	YieldMax MSTR Short Downward Rally	Pair Corr
0.79	SPPP	Sprott Physical Platinum	Pair Corr
0.9	GMET	VanEck Vectors ETF Symbol Change	Pair Corr
0.75	SPIN	SPDR SSGA Equity	Pair Corr
0.84	CMCI	VanEck CMCI Commodity	Pair Corr
0.85	FXC	Invesco CurrencyShares	Pair Corr
0.83	QLV	FlexShares Quality Low	Pair Corr
0.97	SIXJ	AIM ETF Products	Pair Corr
0.92	GENW	Spinnaker ETF Series	Pair Corr
0.96	EURL	Direxion Daily FTSE	Pair Corr
0.97	IQSZ	Invesco Actively Managed	Pair Corr
0.93	IRTR	iShares Trust	Pair Corr
0.9	TLCI	Touchstone ETF Trust	Pair Corr
0.89	WDNA	WisdomTree BioRevolution	Pair Corr
0.97	UMAY	Innovator ETFs Trust	Pair Corr
0.68	DOGG	First Trust Exchange	Pair Corr
0.86	LVHI	Franklin International	Pair Corr
0.96	JANW	AIM ETF Products	Pair Corr
0.88	BMVP	Invesco Bloomberg MVP	Pair Corr
0.82	EMES	Harbor ETF Trust	Pair Corr
0.74	DBA	Invesco DB Agriculture	Pair Corr
0.91	FNDC	Schwab Fundamental	Pair Corr
0.9	BSMS	Invesco BulletShares 2028	Pair Corr
0.71	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.94	JEPI	JPMorgan Equity Premium	Pair Corr

Moving against Themes Etf

0.7	MRAL	GraniteShares 2x Long Buyout Trend	Pair Corr
0.59	IMRA	Bitwise Funds Trust	Pair Corr
0.31	DRAY	YieldMax DKNG Option	Pair Corr

Related Correlations Analysis

	MEMS	PJIO	PJFM	NEWZ	ASMF	NSI	JADE	JLQD	ABCS	CCSB
MEMS		0.52	0.71	0.58	0.86	0.92	0.92	0.74	0.55	0.55	MEMS
PJIO	0.52		0.55	0.66	0.51	0.56	0.53	0.43	0.52	0.31	PJIO
PJFM	0.71	0.55		0.7	0.94	0.9	0.89	0.89	0.95	0.68	PJFM
NEWZ	0.58	0.66	0.7		0.63	0.63	0.58	0.73	0.7	0.45	NEWZ
ASMF	0.86	0.51	0.94	0.63		0.98	0.97	0.88	0.86	0.7	ASMF
NSI	0.92	0.56	0.9	0.63	0.98		0.99	0.86	0.78	0.68	NSI
JADE	0.92	0.53	0.89	0.58	0.97	0.99		0.84	0.77	0.68	JADE
JLQD	0.74	0.43	0.89	0.73	0.88	0.86	0.84		0.82	0.68	JLQD
ABCS	0.55	0.52	0.95	0.7	0.86	0.78	0.77	0.82		0.65	ABCS
CCSB	0.55	0.31	0.68	0.45	0.7	0.68	0.68	0.68	0.65		CCSB
	MEMS	PJIO	PJFM	NEWZ	ASMF	NSI	JADE	JLQD	ABCS	CCSB

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Themes Global Constituents Risk-Adjusted Indicators

There is a big difference between Themes Etf performing well and Themes Global 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 Themes Global'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
MEMS	0.76	0.04	0.02	0.12	0.85	(0.77)	1.58	(1.43)	3.95
PJIO	0.80	(0.06)	0.00	(0.02)	0.00	0.00	1.70	(1.92)	4.21
PJFM	0.73	0.08	0.07	0.14	0.82	(0.78)	1.77	(1.69)	5.33
NEWZ	0.69	(0.05)	(0.06)	0.00	0.91	(0.77)	1.69	(1.78)	3.84
ASMF	0.66	0.09	0.07	0.19	0.74	(0.67)	1.51	(1.24)	4.98
NSI	0.75	0.14	0.13	0.25	0.70	(0.83)	1.71	(1.41)	5.15
JADE	0.64	0.14	0.13	0.29	0.63	(0.68)	1.86	(1.25)	4.53
JLQD	0.13	0.01	(0.27)	0.19	0.00	(0.15)	0.29	(0.22)	0.77
ABCS	0.70	0.04	0.05	0.10	0.67	(0.79)	1.75	(1.22)	4.06
CCSB	0.20	0.02	(0.06)	(2.15)	0.53	(0.24)	0.20	(0.20)	3.89

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