AB Active Correlations

IGGY Etf

29.62 0.39 1.30%

The current 90-days correlation between AB Active ETFs and Direxion All Cap is 0.78 (i.e., Poor diversification). The correlation of AB Active 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.

AB Active Correlation With Market

Very poor diversification

The correlation between AB Active ETFs and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Active ETFs and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IGGY Etf

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

Moving together with IGGY Etf

0.69	EFG	iShares MSCI EAFE	Pair Corr
0.7	FPXI	First Trust International	Pair Corr
0.65	BA	Boeing	Pair Corr
0.68	MSFT	Microsoft	Pair Corr
0.62	DIS	Walt Disney	Pair Corr

Moving against IGGY Etf

0.72	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.64	VZ	Verizon Communications	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.52	PFE	Pfizer Inc	Pair Corr
0.44	DD	Dupont De Nemours	Pair Corr
0.41	MRK	Merck Company	Pair Corr
0.33	MMM	3M Company Earnings Call This Week	Pair Corr
0.32	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	KNOW	PQJL	TRUD	EMOT	FRIZ	TINY	BMED	MIDE	XDAT	FLDZ
KNOW		0.9	0.75	0.87	0.94	0.91	0.7	0.94	-0.26	0.85	KNOW
PQJL	0.9		0.82	0.83	0.91	0.85	0.71	0.92	-0.18	0.73	PQJL
TRUD	0.75	0.82		0.74	0.71	0.75	0.39	0.73	0.11	0.62	TRUD
EMOT	0.87	0.83	0.74		0.89	0.85	0.49	0.82	0.07	0.91	EMOT
FRIZ	0.94	0.91	0.71	0.89		0.81	0.78	0.95	-0.29	0.87	FRIZ
TINY	0.91	0.85	0.75	0.85	0.81		0.5	0.81	-0.05	0.76	TINY
BMED	0.7	0.71	0.39	0.49	0.78	0.5		0.8	-0.74	0.51	BMED
MIDE	0.94	0.92	0.73	0.82	0.95	0.81	0.8		-0.37	0.84	MIDE
XDAT	-0.26	-0.18	0.11	0.07	-0.29	-0.05	-0.74	-0.37		-0.06	XDAT
FLDZ	0.85	0.73	0.62	0.91	0.87	0.76	0.51	0.84	-0.06		FLDZ
	KNOW	PQJL	TRUD	EMOT	FRIZ	TINY	BMED	MIDE	XDAT	FLDZ

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

MIDE	+ 0.95	FRIZ
FRIZ	+ 0.94	KNOW
MIDE	+ 0.94	KNOW
MIDE	+ 0.92	PQJL
TINY	+ 0.91	KNOW
FRIZ	+ 0.91	PQJL

High negative correlations

XDAT	- 0.74	BMED
XDAT	- 0.37	MIDE
XDAT	- 0.29	FRIZ
XDAT	- 0.26	KNOW
XDAT	- 0.18	PQJL
FLDZ	- 0.06	XDAT

AB Active Constituents Risk-Adjusted Indicators

There is a big difference between IGGY Etf performing well and AB Active 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 AB Active'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
KNOW	0.46	0.02	(0.02)	0.12	0.58	(0.47)	0.91	(0.97)	2.13
PQJL	0.37	0.00	(0.08)	0.08	0.47	(0.39)	0.88	(0.80)	2.33
TRUD	1.00	(0.02)	0.00	0.07	1.25	(1.01)	1.95	(2.44)	6.73
EMOT	0.58	(0.02)	(0.05)	0.06	0.72	(0.58)	1.45	(1.10)	3.01
FRIZ	0.48	(0.02)	(0.06)	0.06	0.56	(0.52)	0.90	(0.81)	2.58
TINY	1.45	0.10	0.08	0.14	1.66	(1.57)	3.73	(2.78)	7.90
BMED	0.65	0.12	0.12	0.27	0.47	(0.78)	1.52	(1.28)	3.94
MIDE	0.80	0.01	0.02	0.09	0.98	(0.81)	1.72	(1.79)	4.91
XDAT	1.06	(0.22)	0.00	(0.14)	0.00	0.00	1.73	(2.74)	5.59
FLDZ	0.66	(0.05)	(0.06)	0.03	0.83	(0.64)	1.28	(1.36)	3.60

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