Pacer Developed Correlations

ICOW Etf

USD 39.25 0.14 0.36%

The current 90-days correlation between Pacer Developed Markets and WisdomTree High Dividend is -0.05 (i.e., Good diversification). The correlation of Pacer Developed 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.

Pacer Developed Correlation With Market

Poor diversification

The correlation between Pacer Developed Markets and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Developed Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pacer Etf

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

Moving together with Pacer Etf

0.65	EFV	iShares MSCI EAFE	Pair Corr
0.64	FNDF	Schwab Fundamental	Pair Corr
0.67	VYMI	Vanguard International	Pair Corr
0.96	IDV	iShares International	Pair Corr
0.68	DFIV	Dimensional International	Pair Corr
0.93	IVLU	iShares Edge MSCI	Pair Corr
0.61	RODM	Hartford Multifactor	Pair Corr
0.65	PXF	Invesco FTSE RAFI	Pair Corr
0.65	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.69	PID	Invesco International	Pair Corr
0.81	ITDD	iShares Trust	Pair Corr
0.87	CPST	Calamos ETF Trust	Pair Corr
0.86	PJFM	PGIM ETF Trust	Pair Corr
0.65	DDFO	Innovator Equity Dual Sell-off Trend	Pair Corr
0.68	CPSL	Calamos Laddered	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.87	CAT	Caterpillar	Pair Corr
0.9	AXP	American Express	Pair Corr
0.7	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.87	DD	Dupont De Nemours	Pair Corr
0.73	IBM	International Business	Pair Corr
0.75	MRK	Merck Company	Pair Corr
0.85	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.71	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against Pacer Etf

0.69	T	ATT Inc	Pair Corr
0.6	MSFT	Microsoft Sell-off Trend	Pair Corr

Related Correlations Analysis

	DHS	EWP	JEMA	EWL	XCEM	GSEW	DTD	FRDM	IYK	EPS
DHS		0.63	0.37	0.68	0.13	0.49	0.72	0.45	0.17	0.5	DHS
EWP	0.63		0.41	0.87	0.72	0.44	0.82	0.9	-0.24	0.82	EWP
JEMA	0.37	0.41		0.26	0.37	0.59	0.54	0.45	-0.31	0.56	JEMA
EWL	0.68	0.87	0.26		0.57	0.52	0.82	0.75	0.09	0.67	EWL
XCEM	0.13	0.72	0.37	0.57		0.26	0.55	0.87	-0.35	0.7	XCEM
GSEW	0.49	0.44	0.59	0.52	0.26		0.75	0.41	0.05	0.6	GSEW
DTD	0.72	0.82	0.54	0.82	0.55	0.75		0.79	0.04	0.9	DTD
FRDM	0.45	0.9	0.45	0.75	0.87	0.41	0.79		-0.32	0.87	FRDM
IYK	0.17	-0.24	-0.31	0.09	-0.35	0.05	0.04	-0.32		-0.26	IYK
EPS	0.5	0.82	0.56	0.67	0.7	0.6	0.9	0.87	-0.26		EPS
	DHS	EWP	JEMA	EWL	XCEM	GSEW	DTD	FRDM	IYK	EPS

Please upgrade your account to get full access to Macroaxis premium features

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

FRDM	+ 0.9	EWP
EPS	+ 0.9	DTD
EWL	+ 0.87	EWP
FRDM	+ 0.87	XCEM
EPS	+ 0.87	FRDM
DTD	+ 0.82	EWP

High negative correlations

IYK	- 0.35	XCEM
IYK	- 0.32	FRDM
IYK	- 0.31	JEMA
EPS	- 0.26	IYK
IYK	- 0.24	EWP

Pacer Developed Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Developed 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 Pacer Developed'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
DHS	0.50	0.04	(0.05)	3.96	0.44	(0.59)	1.26	(0.92)	2.28
EWP	0.65	0.14	0.12	0.48	0.57	(0.72)	1.46	(1.34)	3.15
JEMA	0.78	0.06	0.05	0.13	0.95	(0.86)	1.67	(1.27)	4.92
EWL	0.59	0.11	0.09	0.44	0.39	(0.72)	1.47	(0.99)	3.61
XCEM	0.71	0.15	0.09	0.76	0.86	(0.75)	1.83	(1.39)	4.75
GSEW	0.64	(0.06)	(0.07)	0.01	0.84	(0.66)	1.15	(1.41)	2.91
DTD	0.46	(0.02)	(0.07)	0.05	0.50	(0.54)	0.92	(0.86)	2.22
FRDM	0.85	0.21	0.15	0.29	0.99	(0.88)	1.92	(1.68)	6.23
IYK	0.57	(0.05)	0.00	(0.44)	0.00	0.00	1.34	(1.04)	3.51
EPS	0.53	(0.01)	(0.03)	0.06	0.72	(0.52)	1.14	(0.98)	2.73

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