PIMCO RAFI Correlations

MFUS Etf

USD 52.55 0.24 0.46%

The current 90-days correlation between PIMCO RAFI Dynamic and Global X Funds is 0.4 (i.e., Very weak diversification). The correlation of PIMCO RAFI 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.

PIMCO RAFI Correlation With Market

Almost no diversification

The correlation between PIMCO RAFI Dynamic and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PIMCO RAFI Dynamic and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in PIMCO RAFI Dynamic. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with PIMCO Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.98	VYM	Vanguard High Dividend	Pair Corr
0.97	IWD	iShares Russell 1000	Pair Corr
0.99	DGRO	iShares Core Dividend	Pair Corr
0.97	IVE	iShares SP 500	Pair Corr
0.9	DVY	iShares Select Dividend	Pair Corr
0.97	SPYV	SPDR Portfolio SP	Pair Corr
0.95	FVD	First Trust Value	Pair Corr
0.97	IUSV	iShares Core SP	Pair Corr
0.86	NOBL	ProShares SP 500	Pair Corr
0.88	SHLD	Global X Funds	Pair Corr
0.67	DUKH	Ocean Park High	Pair Corr
0.94	WINN	Harbor Long Term	Pair Corr
0.88	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.88	HD	Home Depot	Pair Corr
0.94	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.89	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.75	DIS	Walt Disney Sell-off Trend	Pair Corr
0.91	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.62	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against PIMCO Etf

0.91	FNGD	MicroSectors FANG Index	Pair Corr
0.53	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.69	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.63	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	EMC	DELL	JNPR	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
EMC		0.1	0.51	-0.18	0.0	-0.49	0.75	0.21	0.31	0.47	EMC
DELL	0.1		-0.46	-0.68	0.0	-0.08	0.55	-0.11	0.6	-0.58	DELL
JNPR	0.51	-0.46		0.36	0.0	-0.13	0.04	-0.17	-0.27	0.91	JNPR
444859BR2	-0.18	-0.68	0.36		0.0	0.3	-0.5	-0.06	-0.55	0.5	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.49	-0.08	-0.13	0.3	0.0		-0.44	-0.34	-0.33	-0.07	BRRAY
MSTSX	0.75	0.55	0.04	-0.5	0.0	-0.44		0.27	0.69	-0.06	MSTSX
ABHYX	0.21	-0.11	-0.17	-0.06	0.0	-0.34	0.27		0.56	-0.14	ABHYX
LBHIX	0.31	0.6	-0.27	-0.55	0.0	-0.33	0.69	0.56		-0.38	LBHIX
SCAXF	0.47	-0.58	0.91	0.5	0.0	-0.07	-0.06	-0.14	-0.38		SCAXF
	EMC	DELL	JNPR	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

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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

SCAXF	+ 0.91	JNPR
MSTSX	+ 0.75	EMC
LBHIX	+ 0.69	MSTSX
LBHIX	+ 0.6	DELL
LBHIX	+ 0.56	ABHYX
MSTSX	+ 0.55	DELL

High negative correlations

444859BR2	- 0.68	DELL
SCAXF	- 0.58	DELL
LBHIX	- 0.55	444859BR2
MSTSX	- 0.5	444859BR2
BRRAY	- 0.49	EMC
JNPR	- 0.46	DELL

PIMCO RAFI Constituents Risk-Adjusted Indicators

There is a big difference between PIMCO Etf performing well and PIMCO RAFI 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 PIMCO RAFI'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
EMC	0.67	(0.07)	0.00	(0.05)	0.00	0.00	1.46	(1.68)	4.96
DELL	2.24	0.01	0.04	0.13	3.08	(2.43)	4.33	(4.54)	18.64
JNPR	0.40	(0.14)	0.00	(0.53)	0.00	0.00	0.81	(0.80)	5.98
444859BR2	1.36	(0.01)	0.00	0.16	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(19.66)	0.00	0.00	0.00	0.00	23.47

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