AB Active Correlations

ILOW Etf

43.49 0.07 0.16%

The current 90-days correlation between AB Active ETFs and Vanguard International Explorer is 0.86 (i.e., Very 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

Poor diversification

The correlation between AB Active ETFs and DJI is 0.75 (i.e., 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 ILOW 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 metropolitan statistical area.

Moving together with ILOW Etf

0.93	VEA	Vanguard FTSE Developed	Pair Corr
0.96	IEFA	iShares Core MSCI	Pair Corr
0.93	VEU	Vanguard FTSE All	Pair Corr
0.95	EFA	iShares MSCI EAFE	Pair Corr
0.93	IXUS	iShares Core MSCI	Pair Corr
0.94	SPDW	SPDR SP World	Pair Corr
0.95	IDEV	iShares Core MSCI	Pair Corr
0.96	ESGD	iShares ESG Aware	Pair Corr
0.95	JIRE	JP Morgan Exchange	Pair Corr
0.91	DFAX	Dimensional World	Pair Corr
0.83	AGQ	ProShares Ultra Silver	Pair Corr
0.82	JEPI	JPMorgan Equity Premium	Pair Corr
0.61	WMT	Walmart Common Stock	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.64	GE	GE Aerospace	Pair Corr

Moving against ILOW Etf

0.44	FNGO	MicroSectors FANG Index	Pair Corr
0.44	FNGG	Direxion Daily Select	Pair Corr
0.52	T	ATT Inc	Pair Corr
0.51	PG	Procter Gamble	Pair Corr
0.36	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	VINEX	VIOV	GLOV	FENY	DTD	BAFE	KLMT	PKW	SCHY	EEMA
VINEX		0.9	0.85	0.5	0.9	0.97	0.91	0.93	0.72	0.67	VINEX
VIOV	0.9		0.91	0.58	0.95	0.92	0.85	0.94	0.84	0.46	VIOV
GLOV	0.85	0.91		0.63	0.97	0.85	0.82	0.88	0.92	0.4	GLOV
FENY	0.5	0.58	0.63		0.68	0.45	0.53	0.45	0.7	0.39	FENY
DTD	0.9	0.95	0.97	0.68		0.9	0.85	0.91	0.9	0.5	DTD
BAFE	0.97	0.92	0.85	0.45	0.9		0.9	0.96	0.69	0.59	BAFE
KLMT	0.91	0.85	0.82	0.53	0.85	0.9		0.81	0.7	0.78	KLMT
PKW	0.93	0.94	0.88	0.45	0.91	0.96	0.81		0.76	0.44	PKW
SCHY	0.72	0.84	0.92	0.7	0.9	0.69	0.7	0.76		0.34	SCHY
EEMA	0.67	0.46	0.4	0.39	0.5	0.59	0.78	0.44	0.34		EEMA
	VINEX	VIOV	GLOV	FENY	DTD	BAFE	KLMT	PKW	SCHY	EEMA

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AB Active Constituents Risk-Adjusted Indicators

There is a big difference between ILOW 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
VINEX	0.58	0.01	(0.01)	0.09	0.72	(0.59)	1.13	(1.33)	2.98
VIOV	0.95	0.02	0.05	0.10	1.05	(1.07)	2.28	(2.16)	4.65
GLOV	0.40	(0.01)	(0.10)	0.06	0.42	(0.43)	0.81	(0.68)	1.96
FENY	1.00	0.02	(0.01)	0.12	1.24	(1.00)	2.14	(1.82)	5.16
DTD	0.48	(0.01)	(0.06)	0.07	0.51	(0.54)	0.92	(0.86)	2.08
BAFE	0.66	(0.03)	(0.03)	0.05	0.91	(0.62)	1.27	(1.34)	2.94
KLMT	0.57	(0.01)	(0.03)	0.07	0.80	(0.53)	1.16	(1.26)	3.21
PKW	0.71	(0.03)	(0.03)	0.06	0.86	(0.75)	1.42	(1.46)	3.65
SCHY	0.44	0.08	0.07	0.27	0.22	(0.50)	1.19	(0.68)	2.28
EEMA	0.79	0.01	0.01	0.10	0.94	(0.81)	1.72	(1.25)	5.42

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