IREIT MarketVector Correlations
| IRET Etf | USD 19.74 0.36 1.79% |
The current 90-days correlation between iREIT MarketVector and Fundamental Income Net is 0.91 (i.e., Almost no diversification). The correlation of IREIT MarketVector 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.
IREIT MarketVector Correlation With Market
Modest diversification
The correlation between iREIT MarketVector and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iREIT MarketVector and DJI in the same portfolio, assuming nothing else is changed.
IREIT |
Moving together with IREIT Etf
| 0.95 | VNQ | Vanguard Real Estate | PairCorr |
| 0.96 | XLRE | Real Estate | PairCorr |
| 0.72 | SITC | Site Centers Corp | PairCorr |
| 0.96 | IYR | iShares Real Estate | PairCorr |
| 0.96 | ICF | iShares Cohen Steers | PairCorr |
| 0.92 | USRT | iShares Core REIT | PairCorr |
| 0.77 | HPQ | HP Inc | PairCorr |
| 0.84 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.81 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.93 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against IREIT Etf
| 0.85 | TBT | ProShares UltraShort | PairCorr |
| 0.85 | TMV | Direxion Daily 20 | PairCorr |
| 0.82 | YCS | ProShares UltraShort Yen | PairCorr |
| 0.66 | RTL | Pacer Financial | PairCorr |
| 0.57 | MORE | MORE | PairCorr |
| 0.56 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.51 | SGG | Barclays Capital | PairCorr |
| 0.54 | WMT | Walmart | PairCorr |
| 0.5 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.47 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.46 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.38 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
IREIT MarketVector Constituents Risk-Adjusted Indicators
There is a big difference between IREIT Etf performing well and IREIT MarketVector 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 IREIT MarketVector'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VGSR | 0.71 | (0.13) | 0.00 | (0.50) | 0.00 | 1.20 | 5.26 | |||
| DTRE | 0.72 | (0.20) | 0.00 | (0.82) | 0.00 | 1.20 | 4.88 | |||
| MORT | 0.71 | (0.04) | 0.00 | (0.27) | 0.00 | 1.35 | 4.66 | |||
| VNQI | 0.62 | (0.19) | 0.00 | (1.88) | 0.00 | 1.13 | 3.99 | |||
| MVRL | 1.06 | (0.07) | 0.00 | (0.16) | 0.00 | 2.28 | 7.11 | |||
| NBGR | 0.66 | (0.19) | 0.00 | (1.15) | 0.00 | 1.15 | 5.01 | |||
| NETL | 0.71 | (0.19) | 0.00 | (0.97) | 0.00 | 1.20 | 5.33 | |||
| ERET | 0.65 | (0.15) | 0.00 | (0.70) | 0.00 | 1.17 | 4.62 | |||
| NRSH | 0.76 | (0.12) | 0.00 | (0.38) | 0.00 | 1.42 | 8.42 |