Global X Correlations

PFFV Etf

USD 24.12 0.02 0.08%

The current 90-days correlation between Global X Variable and Global X Preferred is 0.71 (i.e., Poor diversification). The correlation of Global X 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.

Global X Correlation With Market

Modest diversification

The correlation between Global X Variable and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global X Variable 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 Global X Variable. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Global Etf

0.66	PFF	iShares Preferred	Pair Corr
0.62	FPE	First Trust Preferred	Pair Corr
0.91	VRP	Invesco Variable Rate	Pair Corr
0.73	PFXF	VanEck Preferred Sec	Pair Corr
0.83	PFFA	Virtus InfraCap Preferred	Pair Corr
0.79	UPRO	ProShares UltraPro SP500	Pair Corr
0.84	QTJA	Innovator ETFs Trust	Pair Corr
0.71	QTOC	Innovator ETFs Trust	Pair Corr
0.7	XTOC	Innovator ETFs Trust	Pair Corr
0.82	QTAP	Innovator Growth 100	Pair Corr
0.78	TSJA	TSJA	Pair Corr
0.85	XTJA	Innovator ETFs Trust	Pair Corr
0.79	DSJA	DSJA	Pair Corr
0.81	XDJA	Innovator ETFs Trust	Pair Corr
0.83	XTAP	Innovator Equity Acc	Pair Corr
0.75	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.78	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.73	WMT	Walmart Aggressive Push	Pair Corr
0.7	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.82	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.62	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Global Etf

0.69	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	KO	Coca Cola Sell-off Trend	Pair Corr
0.59	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.42	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	PFFD	EMBD	ALTY	QDIV	XYLG
PFFD		0.67	0.68	0.42	0.32	PFFD
EMBD	0.67		0.54	0.3	0.05	EMBD
ALTY	0.68	0.54		0.86	0.82	ALTY
QDIV	0.42	0.3	0.86		0.88	QDIV
XYLG	0.32	0.05	0.82	0.88		XYLG
	PFFD	EMBD	ALTY	QDIV	XYLG

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Global X Constituents Risk-Adjusted Indicators

There is a big difference between Global Etf performing well and Global X 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 Global X'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
PFFD	0.40	0.01	(0.17)	0.22	0.46	(0.44)	0.89	(0.87)	2.19
EMBD	0.37	(0.03)	(0.22)	0.01	0.48	(0.36)	0.74	(0.73)	2.25
ALTY	0.32	0.03	(0.12)	0.24	0.36	(0.33)	0.76	(0.69)	1.69
QDIV	0.47	(0.01)	(0.11)	0.10	0.36	(0.56)	0.82	(0.76)	2.44
XYLG	0.41	0.01	(0.05)	0.13	0.49	(0.41)	0.83	(1.15)	3.38

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