Portfolio Building Correlations

PBOG Etf

31.09 0.68 2.24%

The current 90-days correlation between Portfolio Building Block and WisdomTree Global High is -0.1 (i.e., Good diversification). The correlation of Portfolio Building 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.

Portfolio Building Correlation With Market

Weak diversification

The correlation between Portfolio Building Block and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Portfolio Building Block and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Portfolio Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portfolio Building Block. 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 Portfolio Etf

0.81	XLE	Energy Select Sector Aggressive Push	Pair Corr
0.81	VDE	Vanguard Energy Index	Pair Corr
0.82	XOP	SPDR SP Oil	Pair Corr
0.78	OIH	VanEck Oil Services	Pair Corr
0.81	IYE	iShares Energy ETF	Pair Corr
0.82	IXC	iShares Global Energy	Pair Corr
0.8	FXN	First Trust Energy	Pair Corr
0.81	FENY	Fidelity MSCI Energy	Pair Corr
0.82	FTXN	First Trust Nasdaq	Pair Corr
0.81	IEO	iShares Oil Gas	Pair Corr
0.61	INR	Infinity Natural Res	Pair Corr
0.76	BND	Vanguard Total Bond	Pair Corr
0.68	VTV	Vanguard Value Index	Pair Corr
0.72	FNDF	Schwab Fundamental	Pair Corr
0.8	USO	United States Oil	Pair Corr
0.71	IEMG	iShares Core MSCI Sell-off Trend	Pair Corr
0.61	ILOW	AB Active ETFs	Pair Corr
0.73	ASEA	Global X FTSE	Pair Corr
0.84	UCO	ProShares Ultra Bloomberg	Pair Corr
0.64	IAU	iShares Gold Trust Aggressive Push	Pair Corr
0.68	IXUS	iShares Core MSCI Sell-off Trend	Pair Corr
0.67	FTCS	First Trust Capital	Pair Corr
0.69	FEM	First Trust Emerging	Pair Corr
0.61	COMB	GraniteShares Bloomberg	Pair Corr
0.71	NRES	Xtrackers RREEF Global	Pair Corr

Moving against Portfolio Etf

0.83

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	LEGR	DALI	FID	EMXF	EWO	TRTY	ECNS	ECOW	DEW
LEGR		0.96	0.77	0.84	0.9	0.85	0.72	0.76	0.73	LEGR
DALI	0.96		0.7	0.81	0.83	0.82	0.75	0.73	0.67	DALI
FID	0.77	0.7		0.98	0.94	0.97	0.88	0.98	0.99	FID
EMXF	0.84	0.81	0.98		0.95	0.98	0.92	0.98	0.96	EMXF
EWO	0.9	0.83	0.94	0.95		0.96	0.82	0.92	0.92	EWO
TRTY	0.85	0.82	0.97	0.98	0.96		0.91	0.97	0.96	TRTY
ECNS	0.72	0.75	0.88	0.92	0.82	0.91		0.93	0.87	ECNS
ECOW	0.76	0.73	0.98	0.98	0.92	0.97	0.93		0.98	ECOW
DEW	0.73	0.67	0.99	0.96	0.92	0.96	0.87	0.98		DEW
	LEGR	DALI	FID	EMXF	EWO	TRTY	ECNS	ECOW	DEW

Portfolio Building Constituents Risk-Adjusted Indicators

There is a big difference between Portfolio Etf performing well and Portfolio Building 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 Portfolio Building'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
LEGR	0.60	0.07	0.07	0.17	0.60	(0.63)	1.18	(1.16)	3.48
DALI	0.78	0.10	0.10	0.18	0.76	(0.87)	1.53	(1.61)	4.96
FID	0.40	0.16	0.24	0.56	0.00	(0.49)	0.88	(0.63)	2.71
EMXF	0.61	0.18	0.21	0.38	0.37	(0.70)	1.76	(1.08)	3.61
EWO	0.81	0.24	0.20	0.44	0.68	(0.90)	2.14	(1.70)	5.29
TRTY	0.50	0.15	0.10	0.42	0.71	(0.54)	1.02	(1.01)	5.31
ECNS	0.68	0.09	0.05	0.27	0.78	(0.69)	1.89	(1.81)	4.95
ECOW	0.51	0.21	0.26	0.61	0.00	(0.61)	1.51	(0.61)	3.45
DEW	0.41	0.18	0.28	0.48	0.00	(0.49)	1.15	(0.63)	2.19

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