NuShares Enhanced Correlations

Etfs . USA . 
Etf . NuShares Enhanced Yield
NUAG Etf  USD 20.91  0.01  0.05%   
The current 90-days correlation between NuShares Enhanced Yield and Nuveen Enhanced Yield is 0.82 (i.e., Very poor diversification). The correlation of NuShares Enhanced 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.

NuShares Enhanced Correlation With Market

Good diversification

The correlation between NuShares Enhanced Yield and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NuShares Enhanced Yield 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 NuShares Enhanced Yield. 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 NuShares Etf

  0.98BND Vanguard Total BondPairCorr
  0.99AGG iShares Core AggregatePairCorr
  0.98BIV Vanguard IntermediatePairCorr
  0.98SPAB SPDR Portfolio AggregatePairCorr
  0.98EAGG iShares ESG AggregatePairCorr
  0.98FLCB Franklin Templeton ETFPairCorr
  0.98UITB VictoryShares USAA CorePairCorr
  0.99DFCF Dimensional ETF TrustPairCorr
  0.96JAGG JPMorgan BetaBuildersPairCorr
  1.0AGGY WisdomTree Yield EnhancedPairCorr

Moving against NuShares Etf

  0.91TBT ProShares UltraShortPairCorr
  0.9YCS ProShares UltraShort YenPairCorr
  0.73SGG Barclays CapitalPairCorr
  0.7USD ProShares Ultra SemiPairCorr
  0.66ATMP Barclays ETN Select Low VolatilityPairCorr
  0.64DIG ProShares Ultra OilPairCorr
  0.31MLPR ETRACS Quarterly PayPairCorr
  0.78MSTY YieldMax MSTR OptionPairCorr
  0.75XLF Financial Select Sector Aggressive PushPairCorr
  0.74WGMI Valkyrie Bitcoin MinersPairCorr
  0.73USFR WisdomTree Floating RatePairCorr
  0.71PUTW WisdomTree CBOE SPPairCorr
  0.7BTC Grayscale Bitcoin MiniPairCorr
  0.68BUG Global X CybersecurityPairCorr
  0.66BTF Valkyrie Bitcoin StrategyPairCorr
  0.64MAGS Roundhill MagnificentPairCorr
  0.62SPY SPDR SP 500 Aggressive PushPairCorr
  0.61DISO Tidal Trust IIPairCorr
  0.6DIVB iShares DividendPairCorr
  0.59XLK Technology Select SectorPairCorr
  0.53DIVG Invesco Exchange TradedPairCorr
  0.43AMZA InfraCap MLP ETFPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

NuShares Enhanced Constituents Risk-Adjusted Indicators

There is a big difference between NuShares Etf performing well and NuShares Enhanced 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 NuShares Enhanced'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.

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