Invesco CEF Correlations

PCEF Etf

USD 20.11 0.01 0.05%

The current 90-days correlation between Invesco CEF Income and Vanguard Russell 2000 is 0.27 (i.e., Modest diversification). The correlation of Invesco CEF 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.

Invesco CEF Correlation With Market

Almost no diversification

The correlation between Invesco CEF Income and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco CEF Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Invesco Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco CEF Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Invesco Etf

0.97	AOR	iShares Core Growth	Pair Corr
0.87	RLY	SPDR SSgA Multi	Pair Corr
0.97	GAL	SPDR SSgA Global	Pair Corr
0.85	RAAX	VanEck Inflation All	Pair Corr
0.86	GAA	Cambria Global Asset	Pair Corr
0.89	ALTY	Global X Alternative	Pair Corr
0.85	GYLD	Arrow ETF Trust	Pair Corr
0.97	EAOR	iShares ESG Aware	Pair Corr
0.91	CPST	Calamos ETF Trust	Pair Corr
0.93	ITDD	iShares Trust	Pair Corr
0.91	IOO	iShares Global 100	Pair Corr
0.81	AGQ	ProShares Ultra Silver	Pair Corr
0.88	SLYG	SPDR SP 600	Pair Corr
0.87	DVY	iShares Select Dividend	Pair Corr
0.81	MUSI	American Century Mul	Pair Corr
0.9	BRNY	Burney Factor Rotation	Pair Corr
0.88	APRW	AllianzIM Large Cap	Pair Corr
0.94	EMOT	First Trust Exchange	Pair Corr
0.75	SRLN	SPDR Blackstone Senior	Pair Corr
0.9	SOXL	Direxion Daily Semic	Pair Corr
0.9	GJUN	First Trust Exchange	Pair Corr
0.85	FDRR	Fidelity Dividend ETF	Pair Corr
0.97	ITDF	iShares Trust	Pair Corr
0.89	DISV	Dimensional ETF Trust	Pair Corr
0.88	GAPR	First Trust Exchange	Pair Corr
0.82	FMF	First Trust Managed	Pair Corr
0.88	PMAY	Innovator SP 500	Pair Corr
0.95	ROE	Astoria Quality Kings	Pair Corr
0.78	IGSB	iShares 1 5	Pair Corr
0.82	JMUB	JPMorgan Municipal	Pair Corr
0.9	IQSM	Iq Candriam ESG	Pair Corr
0.85	ETEC	iShares Breakthrough	Pair Corr
0.81	KORU	Direxion Daily South	Pair Corr
0.9	RFDI	First Trust RiverFront	Pair Corr
0.92	DMAY	First Trust Exchange	Pair Corr
0.75	FTSD	Franklin Liberty Short	Pair Corr
0.84	EEMX	SPDR MSCI Emerging	Pair Corr

Moving against Invesco Etf

0.71

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	XLSR	REMX	CGMM	UYG	BUYW	VIOG	OUSA	FLGB	FAPR	VTWV
XLSR		0.48	0.68	0.64	0.69	0.7	0.76	0.61	0.77	0.63	XLSR
REMX	0.48		0.86	0.27	0.85	0.81	0.78	0.9	0.82	0.87	REMX
CGMM	0.68	0.86		0.62	0.91	0.97	0.91	0.92	0.95	0.95	CGMM
UYG	0.64	0.27	0.62		0.64	0.56	0.7	0.53	0.7	0.49	UYG
BUYW	0.69	0.85	0.91	0.64		0.86	0.92	0.94	0.96	0.9	BUYW
VIOG	0.7	0.81	0.97	0.56	0.86		0.91	0.87	0.91	0.95	VIOG
OUSA	0.76	0.78	0.91	0.7	0.92	0.91		0.87	0.95	0.9	OUSA
FLGB	0.61	0.9	0.92	0.53	0.94	0.87	0.87		0.94	0.9	FLGB
FAPR	0.77	0.82	0.95	0.7	0.96	0.91	0.95	0.94		0.91	FAPR
VTWV	0.63	0.87	0.95	0.49	0.9	0.95	0.9	0.9	0.91		VTWV
	XLSR	REMX	CGMM	UYG	BUYW	VIOG	OUSA	FLGB	FAPR	VTWV

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Invesco CEF Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco CEF 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 Invesco CEF'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
XLSR	0.53	(0.02)	(0.03)	0.01	0.75	(0.50)	1.12	(1.31)	4.16
REMX	2.05	0.33	0.11	0.36	2.67	(2.15)	4.25	(4.09)	10.51
CGMM	0.79	0.03	0.03	0.06	0.86	(0.84)	1.81	(1.46)	3.67
UYG	1.34	(0.07)	(0.02)	0.00	1.91	(1.27)	2.44	(3.41)	8.45
BUYW	0.23	0.02	(0.05)	0.49	0.21	(0.27)	0.50	(0.50)	1.35
VIOG	0.80	0.00	0.00	0.03	0.97	(0.80)	1.77	(1.58)	4.87
OUSA	0.44	0.02	0.02	0.07	0.44	(0.47)	0.95	(0.68)	3.32
FLGB	0.58	0.10	0.15	0.20	0.43	(0.67)	1.42	(0.93)	2.68
FAPR	0.12	0.01	(0.10)	0.09	0.00	(0.14)	0.35	(0.25)	0.93
VTWV	0.81	0.11	0.10	0.40	0.78	(0.96)	1.98	(1.41)	4.66

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