Pacer Export Correlations

PEXL Etf

USD 50.73 0.33 0.65%

The current 90-days correlation between Pacer Export Leaders and ProShares SP 500 is 0.84 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacer Export moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacer Export Leaders moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pacer Export Correlation With Market

Very poor diversification

The correlation between Pacer Export Leaders and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacer Export Leaders and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pacer Etf

0.74	IJK	iShares SP Mid	Pair Corr
0.63	KOMP	SPDR Kensho New	Pair Corr
0.74	MDYG	SPDR SP 400	Pair Corr
0.74	IVOG	Vanguard SP Mid	Pair Corr
0.8	MPAY	Akros Monthly Payout	Pair Corr
0.65	DIVB	iShares Dividend	Pair Corr
0.75	XLK	Technology Select Sector	Pair Corr
0.63	BUG	Global X Cybersecurity	Pair Corr
0.66	SPY	SPDR SP 500 Aggressive Push	Pair Corr

Moving against Pacer Etf

0.36

BITI

ProShares Trust Buyout Trend

Pair Corr

Related Correlations Analysis

	SPXN	SPXE	SPXV	QARP	QDYN
SPXN		0.99	0.98	0.96	0.76	SPXN
SPXE	0.99		1.0	0.97	0.8	SPXE
SPXV	0.98	1.0		0.97	0.83	SPXV
QARP	0.96	0.97	0.97		0.73	QARP
QDYN	0.76	0.8	0.83	0.73		QDYN
	SPXN	SPXE	SPXV	QARP	QDYN

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Pacer Export Constituents Risk-Adjusted Indicators

There is a big difference between Pacer Etf performing well and Pacer Export 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 Pacer Export'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
SPXN	0.58	(0.02)	(0.05)	0.09	0.75	(0.61)	1.29	(1.57)	3.67
SPXE	0.56	(0.01)	(0.03)	0.11	0.65	(0.59)	1.15	(1.28)	3.88
SPXV	0.58	0.01	(0.01)	0.13	0.71	(0.61)	1.24	(1.20)	4.10
QARP	0.49	0.00	(0.05)	0.12	0.51	(0.53)	1.00	(1.13)	3.25
QDYN	0.57	0.07	(0.06)	(22.64)	0.51	(0.83)	1.53	(1.09)	3.35

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