Pacer Benchmark Correlations

INDS Etf

USD 38.61 0.35 0.91%

The current 90-days correlation between Pacer Benchmark Indu and Pacer Benchmark Data is 0.7 (i.e., Poor diversification). The correlation of Pacer Benchmark 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 Benchmark Correlation With Market

Modest diversification

The correlation between Pacer Benchmark Industrial and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Benchmark Industrial 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 Pacer Benchmark Industrial. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Pacer Etf

0.86	IRET	Tidal Trust II	Pair Corr
0.92	GREI	Goldman Sachs Future	Pair Corr
0.83	BITI	ProShares Trust	Pair Corr
0.79	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.95	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.94	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Pacer Etf

0.87	RTL	Pacer Financial	Pair Corr
0.86	MORE	MORE	Pair Corr
0.82	PULS	PGIM Ultra Short	Pair Corr
0.76	BUFF	Innovator Laddered	Pair Corr
0.71	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.68	SITC	Site Centers Corp	Pair Corr
0.63	HHH	Howard Hughes	Pair Corr
0.44	MPAY	Akros Monthly Payout	Pair Corr
0.87	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.85	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.84	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.73	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.69	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.61	T	ATT Inc Aggressive Push	Pair Corr
0.54	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	SRVR	PPTY	VPN	NURE	EWRE
SRVR		0.63	0.37	0.13	0.02	SRVR
PPTY	0.63		0.2	0.53	-0.27	PPTY
VPN	0.37	0.2		-0.55	-0.18	VPN
NURE	0.13	0.53	-0.55		-0.32	NURE
EWRE	0.02	-0.27	-0.18	-0.32		EWRE
	SRVR	PPTY	VPN	NURE	EWRE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PPTY	+ 0.63	SRVR
NURE	+ 0.53	PPTY
VPN	+ 0.37	SRVR
VPN	+ 0.2	PPTY
NURE	+ 0.13	SRVR
EWRE	+ 0.02	SRVR

High negative correlations

NURE	- 0.55	VPN
EWRE	- 0.32	NURE
EWRE	- 0.27	PPTY
EWRE	- 0.18	VPN

Pacer Benchmark Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Benchmark 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 Benchmark'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
SRVR	0.66	0.08	(0.05)	(0.94)	0.90	(0.74)	1.38	(1.44)	6.10
PPTY	0.61	0.02	(0.05)	0.18	0.71	(0.63)	1.16	(1.32)	3.57
VPN	0.80	0.14	(0.03)	(0.19)	1.03	(0.87)	2.16	(1.67)	5.52
NURE	0.69	(0.02)	(0.08)	0.09	0.82	(0.72)	1.36	(1.34)	3.90
EWRE	1.01	(0.12)	0.00	(0.36)	0.00	0.00	2.13	(2.53)	5.19

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

2024 Macroaxis LLC