Global X Correlations

IPAV Etf

33.39 0.14 0.42%

The current 90-days correlation between Global X Infrastructure and iShares Global Industrials is 0.76 (i.e., Poor diversification). The correlation of Global X 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.

Global X Correlation With Market

Very poor diversification

The correlation between Global X Infrastructure and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Etf

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

Moving together with Global Etf

0.97	PAVE	Global X Infrastructure	Pair Corr
0.94	IGF	iShares Global Infra	Pair Corr
0.91	NFRA	FlexShares STOXX Global	Pair Corr
0.97	IFRA	iShares Infrastructure	Pair Corr
0.94	GII	SPDR SP Global	Pair Corr
0.91	TOLZ	ProShares DJ Brookfield	Pair Corr
0.74	SIMS	SPDR SP Kensho	Pair Corr
0.81	INFR	ClearBridge Sustainable	Pair Corr
0.87	BLLD	JPMorgan	Pair Corr
0.68	XKII	SPDR Kensho Intelligent	Pair Corr
0.78	JNUG	Direxion Daily Junior	Pair Corr
0.71	GDXU	MicroSectors Gold Miners	Pair Corr
0.81	NUGT	Direxion Daily Gold	Pair Corr
0.86	GDMN	WisdomTree Efficient Gold	Pair Corr
0.9	DGP	DB Gold Double	Pair Corr
0.72	DBA	Invesco DB Agriculture	Pair Corr
0.97	SCDV	ETF Series Solutions	Pair Corr
0.9	IAUM	iShares Gold Trust	Pair Corr
0.99	FNDC	Schwab Fundamental	Pair Corr
0.94	CHPS	Xtrackers Semiconductor	Pair Corr
0.79	SIXJ	AIM ETF Products	Pair Corr
0.96	BMVP	Invesco Bloomberg MVP	Pair Corr
0.9	NCPB	Nuveen Core Plus	Pair Corr
0.74	WEBS	Direxion Daily Dow	Pair Corr
0.9	XFIX	Fm Investments Symbol Change	Pair Corr
0.89	ESML	iShares ESG Aware	Pair Corr
0.94	NULV	Nuveen ESG Large	Pair Corr
0.84	UMAY	Innovator ETFs Trust	Pair Corr
0.96	WLDR	Affinity World Leaders	Pair Corr
0.86	PFFA	Virtus InfraCap Preferred	Pair Corr
0.85	GPT	Intelligent Alpha Atlas Symbol Change	Pair Corr
0.97	UDI	USCF ETF Trust	Pair Corr
0.79	JANW	AIM ETF Products	Pair Corr
0.75	PSFD	Pacer Swan SOS	Pair Corr

Moving against Global Etf

0.4

BULZ

MicroSectors Solactive

Pair Corr

Related Correlations Analysis

	MISL	DUSL	NATO	NFRA	NFRX	EUAD	FIDU	CGW	EXI
MISL		0.87	0.99	0.56	-0.34	0.91	0.91	0.81	0.9	MISL
DUSL	0.87		0.88	0.87	-0.42	0.72	1.0	0.93	0.99	DUSL
NATO	0.99	0.88		0.58	-0.28	0.94	0.91	0.82	0.91	NATO
NFRA	0.56	0.87	0.58		-0.36	0.4	0.83	0.88	0.84	NFRA
NFRX	-0.34	-0.42	-0.28	-0.36		-0.15	-0.41	-0.36	-0.41	NFRX
EUAD	0.91	0.72	0.94	0.4	-0.15		0.75	0.68	0.76	EUAD
FIDU	0.91	1.0	0.91	0.83	-0.41	0.75		0.93	1.0	FIDU
CGW	0.81	0.93	0.82	0.88	-0.36	0.68	0.93		0.94	CGW
EXI	0.9	0.99	0.91	0.84	-0.41	0.76	1.0	0.94		EXI
	MISL	DUSL	NATO	NFRA	NFRX	EUAD	FIDU	CGW	EXI

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

FIDU	+ 1.0	DUSL
EXI	+ 1.0	FIDU
NATO	+ 0.99	MISL
EXI	+ 0.99	DUSL
EUAD	+ 0.94	NATO
EXI	+ 0.94	CGW

High negative correlations

NFRX	- 0.42	DUSL
EXI	- 0.41	NFRX
FIDU	- 0.41	NFRX
CGW	- 0.36	NFRX
NFRX	- 0.36	NFRA
NFRX	- 0.34	MISL

Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
MISL	1.33	0.22	0.15	0.22	1.28	(1.47)	3.42	(2.29)	7.30
DUSL	2.33	0.44	0.17	0.18	2.69	(2.46)	5.51	(5.06)	12.81
NATO	0.99	0.19	0.14	0.27	0.92	(1.04)	2.04	(1.80)	5.61
NFRA	0.51	0.11	0.14	0.31	0.42	(0.59)	1.07	(0.98)	2.22
NFRX	0.71	0.54	0.00	8.70	0.00	0.00	2.24	(0.73)	2.24
EUAD	1.29	0.11	0.06	0.34	1.32	(1.46)	3.48	(2.41)	6.73
FIDU	0.84	0.16	0.16	0.18	0.85	(0.95)	1.60	(1.79)	4.45
CGW	0.60	0.10	0.09	6.36	0.65	(0.62)	1.32	(0.97)	4.09
EXI	0.73	0.15	0.16	0.19	0.68	(0.80)	1.38	(1.31)	4.36

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