BetaPro SPTSX Correlations

Etfs . Canada . 
Etf . BetaPro SPTSX Capped
HED Etf  CAD 10.66  0.15  1.43%   
The current 90-days correlation between BetaPro SPTSX Capped and Invesco ESG Canadian is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BetaPro SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BetaPro SPTSX Capped moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BetaPro SPTSX Correlation With Market

Excellent diversification

The correlation between BetaPro SPTSX Capped and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BetaPro SPTSX Capped and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BetaPro SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BetaPro SPTSX 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 BetaPro SPTSX - 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 BetaPro SPTSX Capped to buy it.

Moving together with BetaPro Etf

  0.65HXD BetaPro SPTSX 60PairCorr
  0.94HOD BetaPro Crude OilPairCorr

Moving against BetaPro Etf

  0.92HOU BetaPro Crude OilPairCorr
  0.79HBU BetaPro Gold BullionPairCorr
  0.76ZJG BMO Junior GoldPairCorr
  0.76HGGG Harvest Global GoldPairCorr
  0.75ZGD BMO Equal WeightPairCorr
  0.75XGD iShares SPTSX GlobalPairCorr
  0.69HGU BetaPro Canadian GoldPairCorr
  0.62HXU BetaPro SP TSXPairCorr
  0.33MNS Royal Canadian MintPairCorr
  0.98HXE Global X SPTSXPairCorr
  0.94HXH Global X CanadianPairCorr
  0.93CYH iShares Global MonthlyPairCorr
  0.89VSB Vanguard Canadian ShortPairCorr
  0.88PINC Purpose Multi AssetPairCorr
  0.85PSB Invesco 1 5PairCorr
  0.84GBUL Ninepoint Gold BullionPairCorr
  0.83UMI CI MidCap DividendPairCorr
  0.8XDIV iShares Core MSCIPairCorr
  0.78CORE PIMCO Canadian CorePairCorr
  0.77XSMH iShares SP SmallPairCorr
  0.76XBAL iShares Core BalancedPairCorr
  0.72HEP Global X EnhancedPairCorr
  0.7VCN Vanguard FTSE CanadaPairCorr
  0.7XESG iShares ESG AwarePairCorr
  0.49SVR-C iShares Silver BullionPairCorr
  0.99HEU BetaPro SP TSXPairCorr
  0.89EIT-UN Canoe EIT IncomePairCorr
  0.88RID RBC Quant EAFEPairCorr
  0.88VCB Vanguard CanadianPairCorr
  0.88VSC Vanguard Canadian ShortPairCorr
  0.85CLF iShares 1 5PairCorr

Related Correlations Analysis


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

CRM
+ 0.92
MSFT
XOM
+ 0.91
MRK
A
+ 0.88
UBER
UBER
+ 0.84
MSFT
A
+ 0.8
MSFT
CRM
+ 0.75
UBER
  

High negative correlations

XOM
- 0.94
MSFT
MRK
- 0.89
MSFT
XOM
- 0.88
CRM
T
- 0.85
MSFT
CRM
- 0.84
T
XOM
- 0.83
A

BetaPro SPTSX Competition Risk-Adjusted Indicators

There is a big difference between BetaPro Etf performing well and BetaPro SPTSX 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 BetaPro SPTSX'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.53  0.21  0.03 (0.41) 1.51 
(1.75)
 3.43 
(2.81)
 13.69 
MSFT  1.31 (0.30) 0.00 (0.57) 0.00 
 0.00 
 2.19 
(2.87)
 13.28 
UBER  1.56 (0.22) 0.00 (0.27) 0.00 
 0.00 
 2.70 
(3.82)
 11.09 
F  1.25  0.14  0.11  0.26  0.96 
(1.56)
 3.61 
(1.98)
 7.50 
T  1.04  0.14  0.02 (1.11) 0.99 
(1.21)
 3.87 
(1.76)
 7.44 
A  1.26 (0.24) 0.00 (0.95) 0.00 
 0.00 
 2.90 
(2.72)
 7.85 
CRM  1.78 (0.29) 0.00 (0.14) 0.00 
 0.00 
 3.66 
(4.75)
 12.37 
JPM  1.24 (0.13)(0.03) 0.03  1.76 
(1.30)
 2.34 
(3.11)
 8.17 
MRK  1.26  0.28  0.17  0.52  1.11 
(1.40)
 2.81 
(2.06)
 8.74 
XOM  1.29  0.36  0.18  3.96  1.09 
(1.50)
 2.90 
(2.44)
 6.83 

Be your own money manager

Our tools can tell you how much better you can do entering a position in BetaPro SPTSX 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.

Did you try this?

Run Sectors Now

   

Sectors

List of equity sectors categorizing publicly traded companies based on their primary business activities
All  Next Launch Module
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY