IQ 50 Correlations

HFXI Etf

USD 26.47 0.01 0.04%

The current 90-days correlation between IQ 50 Percent and iShares Currency Hedged is 0.82 (i.e., Very poor diversification). The correlation of IQ 50 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.

IQ 50 Correlation With Market

Very weak diversification

The correlation between IQ 50 Percent and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQ 50 Percent and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IQ 50 Percent. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with HFXI Etf

0.96	VEA	Vanguard FTSE Developed	Pair Corr
0.95	IEFA	iShares Core MSCI	Pair Corr
0.94	VEU	Vanguard FTSE All	Pair Corr
0.95	EFA	iShares MSCI EAFE	Pair Corr
0.95	IXUS	iShares Core MSCI	Pair Corr
0.96	SPDW	SPDR SP World	Pair Corr
0.96	IDEV	iShares Core MSCI	Pair Corr
0.94	ESGD	iShares ESG Aware	Pair Corr
0.93	JIRE	JP Morgan Exchange	Pair Corr
0.94	DFAX	Dimensional World	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.69	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.75	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against HFXI Etf

0.66	FNTC	Direxion	Pair Corr
0.5	IGA	Voya Global Advantage	Pair Corr
0.48	PXMV	Invesco SP MidCap	Pair Corr
0.46	MAGS	Roundhill Magnificent	Pair Corr
0.67	BAC	Bank of America Aggressive Push	Pair Corr
0.65	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.61	DIS	Walt Disney Aggressive Push	Pair Corr
0.6	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.56	T	ATT Inc Aggressive Push	Pair Corr
0.49	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.44	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.39	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	HAWX	DBAW	HSCZ	IHDG	DDWM
HAWX		0.99	0.93	0.38	0.12	HAWX
DBAW	0.99		0.91	0.42	0.16	DBAW
HSCZ	0.93	0.91		0.49	0.28	HSCZ
IHDG	0.38	0.42	0.49		0.88	IHDG
DDWM	0.12	0.16	0.28	0.88		DDWM
	HAWX	DBAW	HSCZ	IHDG	DDWM

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IQ 50 Constituents Risk-Adjusted Indicators

There is a big difference between HFXI Etf performing well and IQ 50 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 IQ 50'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
HAWX	0.54	(0.05)	(0.14)	0.03	0.69	(0.58)	1.21	(1.37)	3.60
DBAW	0.53	(0.04)	(0.14)	0.03	0.69	(0.57)	1.19	(1.42)	3.50
HSCZ	0.52	(0.06)	(0.16)	0.01	0.70	(0.52)	1.42	(1.29)	3.60
IHDG	0.62	(0.15)	0.00	(0.11)	0.00	0.00	1.06	(1.51)	3.96
DDWM	0.53	(0.12)	0.00	(0.16)	0.00	0.00	0.92	(1.17)	3.27

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