Janus Henderson Correlations

JSML Etf

USD 76.54 0.69 0.91%

The current 90-days correlation between Janus Henderson Small and American Century ETF is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Janus Henderson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Janus Henderson Small moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Janus Henderson Correlation With Market

Very poor diversification

The correlation between Janus Henderson Small and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janus Henderson Small and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Janus Etf

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

Moving together with Janus Etf

0.96	VBK	Vanguard Small Cap	Pair Corr
0.89	IWO	iShares Russell 2000	Pair Corr
0.85	IJT	iShares SP Small	Pair Corr
0.85	SLYG	SPDR SP 600	Pair Corr
0.85	PBW	Invesco WilderHill Clean	Pair Corr
0.96	JKK	iShares Morningstar	Pair Corr
0.98	VTWG	Vanguard Russell 2000	Pair Corr
0.89	VRTGX	Vanguard Russell 2000	Pair Corr
0.93	VIOG	Vanguard SP Small	Pair Corr
0.87	ISCG	iShares Morningstar	Pair Corr
0.73	GDXU	MicroSectors Gold Miners	Pair Corr
0.71	MUU	Direxion Daily MU Trending	Pair Corr
0.71	MULL	GraniteShares 2x Long Trending	Pair Corr
0.7	AGQ	ProShares Ultra Silver	Pair Corr
0.74	JNUG	Direxion Daily Junior	Pair Corr
0.71	KORU	Direxion Daily South	Pair Corr
0.73	NUGT	Direxion Daily Gold Sell-off Trend	Pair Corr
0.71	GDMN	WisdomTree Efficient Gold	Pair Corr
0.67	SHNY	Microsectors Gold	Pair Corr
0.76	SIL	Global X Silver	Pair Corr
0.77	GMET	VanEck Vectors ETF	Pair Corr
0.77	HERD	Pacer Cash Cows	Pair Corr
0.87	XSHD	Invesco SP SmallCap	Pair Corr
0.83	XAR	SPDR SP Aerospace	Pair Corr
0.79	RCGE	RockCreek Global Equality	Pair Corr
0.7	CDC	VictoryShares EQ Income	Pair Corr
0.64	SHV	iShares Short Treasury	Pair Corr
0.76	BKHY	BNY Mellon High	Pair Corr
0.79	LSAF	LeaderSharesTM AlphaFactor	Pair Corr
0.76	NEMG	Leverage Shares 2x	Pair Corr
0.66	ILF	iShares Latin America	Pair Corr
0.71	FSTA	Fidelity MSCI Consumer	Pair Corr
0.78	NNOV	Innovator Growth 100	Pair Corr
0.82	MCDS	JPMorgan Fundamental Data	Pair Corr
0.81	VSS	Vanguard FTSE All	Pair Corr
0.75	GAPR	First Trust Exchange	Pair Corr
0.77	LSVD	Advisors Inner	Pair Corr

Moving against Janus Etf

0.32

REKT

Direxion Shares ETF

Pair Corr

Related Correlations Analysis

	RSPS	CVIE	RSPD	RZV	VSDA	EDOW	ISMD	PBE	THD	AVSD
RSPS		0.79	0.74	0.86	0.91	0.8	0.87	0.53	0.73	0.8	RSPS
CVIE	0.79		0.81	0.87	0.9	0.93	0.93	0.55	0.81	0.99	CVIE
RSPD	0.74	0.81		0.9	0.87	0.9	0.89	0.71	0.6	0.85	RSPD
RZV	0.86	0.87	0.9		0.96	0.88	0.94	0.64	0.72	0.88	RZV
VSDA	0.91	0.9	0.87	0.96		0.88	0.92	0.69	0.74	0.91	VSDA
EDOW	0.8	0.93	0.9	0.88	0.88		0.94	0.65	0.67	0.95	EDOW
ISMD	0.87	0.93	0.89	0.94	0.92	0.94		0.56	0.79	0.94	ISMD
PBE	0.53	0.55	0.71	0.64	0.69	0.65	0.56		0.39	0.62	PBE
THD	0.73	0.81	0.6	0.72	0.74	0.67	0.79	0.39		0.8	THD
AVSD	0.8	0.99	0.85	0.88	0.91	0.95	0.94	0.62	0.8		AVSD
	RSPS	CVIE	RSPD	RZV	VSDA	EDOW	ISMD	PBE	THD	AVSD

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Janus Henderson Constituents Risk-Adjusted Indicators

There is a big difference between Janus Etf performing well and Janus Henderson 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 Janus Henderson'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
RSPS	0.68	0.06	0.03	0.29	0.75	(0.76)	1.62	(1.23)	3.71
CVIE	0.62	0.10	0.07	0.94	0.72	(0.63)	1.33	(1.39)	2.92
RSPD	0.84	0.00	0.01	0.05	0.88	(0.96)	1.93	(1.58)	5.66
RZV	0.96	0.07	0.08	0.10	0.93	(1.07)	2.77	(1.74)	5.75
VSDA	0.53	0.07	0.08	0.16	0.52	(0.60)	1.21	(1.04)	2.90
EDOW	0.51	0.05	0.01	0.50	0.52	(0.57)	1.20	(0.78)	2.95
ISMD	0.84	0.07	0.04	0.31	0.93	(0.93)	1.97	(1.79)	4.88
PBE	0.95	0.14	0.14	0.25	0.76	(1.15)	2.31	(1.51)	6.23
THD	0.91	0.05	0.01	0.86	0.94	(1.06)	2.27	(1.71)	5.25
AVSD	0.58	0.10	0.07	1.39	0.61	(0.58)	1.24	(1.26)	2.80

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