Simplify Interest Correlations

PFIX Etf

USD 48.01 0.40 0.84%

The current 90-days correlation between Simplify Interest Rate and Horizon Kinetics Inflation is 0.2 (i.e., Modest diversification). The correlation of Simplify Interest 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.

Simplify Interest Correlation With Market

Significant diversification

The correlation between Simplify Interest Rate and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simplify Interest Rate 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 Simplify Interest Rate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Simplify Etf

0.77	ASET	FlexShares Real Assets	Pair Corr
0.75	DEW	WisdomTree Global High	Pair Corr
0.74	WDIV	SPDR SP Global	Pair Corr
0.73	GCOW	Pacer Global Cash	Pair Corr
0.65	DGT	SPDR Global Dow	Pair Corr
0.41	JDIV	JP Morgan Exchange	Pair Corr
0.81	HDV	iShares Core High	Pair Corr
0.73	SJCP	SanJac Alpha Core	Pair Corr
0.73	UIVM	VictoryShares International	Pair Corr
0.71	XHLF	Bondbloxx ETF Trust	Pair Corr
0.7	EUAD	Select STOXX Europe	Pair Corr
0.7	DFIV	Dimensional International	Pair Corr
0.7	SCHF	Schwab International	Pair Corr
0.7	EZU	iShares MSCI Eurozone	Pair Corr
0.7	VXUS	Vanguard Total Inter	Pair Corr
0.7	EWD	iShares MSCI Sweden	Pair Corr
0.68	XLV	Health Care Select	Pair Corr
0.62	GLTR	abrdn Physical Precious	Pair Corr
0.54	GNT	GAMCO Natural Resources	Pair Corr
0.53	STEW	SRH Total Return	Pair Corr
0.5	SH	ProShares Short SP500	Pair Corr
0.45	COMB	GraniteShares Bloomberg	Pair Corr
0.9	TLT	iShares 20 Year Sell-off Trend	Pair Corr
0.83	SDFI	AB Active ETFs,	Pair Corr
0.82	BSCS	Invesco BulletShares 2028	Pair Corr
0.82	DSCF	Discipline Fund ETF	Pair Corr
0.76	MCHS	Matthews China Discovery	Pair Corr
0.75	IBDR	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	INFL	CTA	DBMF	IVOL	KMLM
INFL		0.79	-0.15	0.43	-0.55	INFL
CTA	0.79		-0.32	0.54	-0.73	CTA
DBMF	-0.15	-0.32		-0.88	0.26	DBMF
IVOL	0.43	0.54	-0.88		-0.34	IVOL
KMLM	-0.55	-0.73	0.26	-0.34		KMLM
	INFL	CTA	DBMF	IVOL	KMLM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CTA	+ 0.79	INFL
IVOL	+ 0.54	CTA
IVOL	+ 0.43	INFL
KMLM	+ 0.26	DBMF

High negative correlations

IVOL	- 0.88	DBMF
KMLM	- 0.73	CTA
KMLM	- 0.55	INFL
KMLM	- 0.34	IVOL
DBMF	- 0.32	CTA
DBMF	- 0.15	INFL

Simplify Interest Constituents Risk-Adjusted Indicators

There is a big difference between Simplify Etf performing well and Simplify Interest 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 Simplify Interest'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
INFL	0.85	0.15	0.15	0.15	0.97	(0.92)	1.91	(1.77)	4.85
CTA	0.65	0.11	0.21	(0.80)	0.59	(0.74)	1.28	(1.23)	3.62
DBMF	0.42	(0.04)	0.00	(0.34)	0.00	0.00	0.91	(1.02)	3.39
IVOL	0.41	0.08	0.23	(0.70)	0.36	(0.47)	0.86	(0.65)	2.31
KMLM	0.53	(0.08)	0.00	0.96	0.00	0.00	0.85	(1.43)	2.65

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